Renovated Four-Unit Double
201-203 Watchung Ave West Orange, NJ 07052
For Sale
$899,000
Pending
MULTI_FAMILY - West Orange Twp., NJ
Property Size3,776 SF
Lot Size0.10 Acres
Days on Market50
Property Features for 201-203 Watchung Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
4
Rooms
Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 4, Bathroom 3, Bedroom 3
Interior features
Carbon Monoxide Detector, Smoke Detector
Exterior features
Curbs, Metal Fence, Sidewalk
Fencing
Fenced
Standard status
Pending
Size
3,776 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18717
Utilities
Sewer type
Public Sewer
Heating system
Steam, Baseboard, Other (Heating), Hot Water(Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1925
Number of units
4
Roof type
Shingle, Flat
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY
(908) 273-2991
Listed By:
AARON VISCO
(908) 273-2991
Added: Jun 10
Changed: Jul 28
Last Checked: Jul 29 at 9:06AM
MLS# 4033540
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated four-unit double duplex includes two distinct unit configurations. Three units feature 2 bedrooms, an eat-in kitchen, a living area, and 1 full bathroom with laundry. The fourth unit offers a similar layout with 3 bedrooms. Each unit also includes a built-in microwave and stove. Additional improvements include basement storage and a large backyard that is partially fenced.
The property is located in West Orange Township, Essex County, NJ, at 201-203 Watchung Ave. The listing notes convenient access to shopping, dining, parks, and schools, with easy access to Rte 280 and the bus loop, as well as Orange NJ Transit Station approximately 1 mile away.
The home is equipped with a newer roof installed in 2008 and newer solar systems for each unit. The listing also states separate solar systems are intended to reduce electric costs, along with a newer 400A electric service installed in 2006. Gas steam boilers are noted for all units, supporting tenant comfort across the property’s four residences. This configuration may appeal to investors or owner-occupants looking for a multi-unit setup with in-unit laundry, consistent appliances, and dedicated mechanical and electrical upgrades reported in the listing.
The property is located in West Orange Township, Essex County, NJ, at 201-203 Watchung Ave. The listing notes convenient access to shopping, dining, parks, and schools, with easy access to Rte 280 and the bus loop, as well as Orange NJ Transit Station approximately 1 mile away.
The home is equipped with a newer roof installed in 2008 and newer solar systems for each unit. The listing also states separate solar systems are intended to reduce electric costs, along with a newer 400A electric service installed in 2006. Gas steam boilers are noted for all units, supporting tenant comfort across the property’s four residences. This configuration may appeal to investors or owner-occupants looking for a multi-unit setup with in-unit laundry, consistent appliances, and dedicated mechanical and electrical upgrades reported in the listing.
Key Highlights
- Renovated 4‑family double duplex with multiple 2- and 3‑bedroom unit layouts
- Newer roof installed in 2008
- Separate solar systems for each unit, reported to reduce electric bills by 30–40%
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.5k | $25.56 |
| − Vacancy | −$6.2k | −$1.65 |
| EGI | $90.3k | $23.91 |
| − OpEx | −$27.1k | −$7.17 |
| NOI | $63.2k | $16.74 |
3,776 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$902.8K
$790.0K – $1.05M
NOI $63,196 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$829.5K
$725.8K – $967.8K
NOI $58,067 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$986.0K
$862.7K – $1.15M
NOI $69,019 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated four-unit residence with 2- and 3-bedroom layouts, laundry, basement storage, and a partially fenced backyard.
Where is this quadplex located?
The property is located at 201-203 Watchung Ave West Orange, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Renovated 4‑family double duplex with multiple 2- and 3‑bedroom unit layouts; Newer roof installed in 2008; Separate solar systems for each unit, reported to reduce electric bills by 30–40%
