Renovated 4-Unit Duplex-Style
201-203 Watchung Ave, West Orange, NJ 07052
New
Multi-Family, Duplex-Side by Side - West Orange Twp., NJ
Property size:
3,776 SFLot size:
0.10 AcresPrice / SF:
$238/SF- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 10:06 pm
Property Features for 201-203 Watchung Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
- Interior features
- Carbon Monoxide Detector, Smoke Detector
- Exterior features
- Curbs, Metal Fence, Sidewalk
- Fencing
- Fenced
- Basement Y/N
- 1
- Appliances
- Dryer, Microwave, Range
- Standard status
- Active
- Size
- 3,776 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18717
Utilities
- Heating system
- Baseboard, Hot Water (Heating), Other (Heating), Steam
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1925
- Number of units
- 4
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Flat, Shingle
- Architectural style
- Other
Listing agent AARON VISCO (908) 273-2991
Listing office KELLER WILLIAMS REALTY 488 SPRINGFIELD AVE, Summit, NJ (908) 273-2991
Listing date Jun 10, 2026
MLS# 4033540
Listing URL
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.
HighLights
- Renovated 4‑family double duplex with a mix of unit layouts: three 2‑bedroom units plus one 3‑bedroom unit
- Each unit includes an eat‑in kitchen, living area, 1 full bath, and built‑in microwave + stove
- Basement with storage and a large backyard that is partially fenced‑in
- Newer roof installed in 2008 and vinyl siding exterior
- Separate solar systems for each unit, reducing electric bills by 30–40% (per remarks)
- Newer 400A electric service installed in 2006 and newer gas steam boilers for all units
Overview
This renovated 4-unit double duplex features three units with 2-bedroom layouts, each including an eat-in kitchen, living area, 1 full bath, and laundry. The fourth unit offers a similar configuration with 3 bedrooms. The property includes basement storage and a large backyard that is partially fenced.
The home is located at 201-203 Watchung Ave in West Orange Township, Essex County, New Jersey. The listing notes easy access to Route 280 and the bus loop, along with proximity to the Orange NJ Transit Station described as about 1 mile away.
For buyers seeking a small multi-family income property, the unit mix provides three consistent 2-bedroom layouts plus one 3-bedroom option. The listing also highlights several building and systems updates, including a roof installed in 2008, newer gas steam boilers for all units, a newer 400A electric service installed in 2006, and separate solar systems for each unit. Each unit is described as having a built-in microwave and stove, supporting straightforward tenant readiness.
The home is located at 201-203 Watchung Ave in West Orange Township, Essex County, New Jersey. The listing notes easy access to Route 280 and the bus loop, along with proximity to the Orange NJ Transit Station described as about 1 mile away.
For buyers seeking a small multi-family income property, the unit mix provides three consistent 2-bedroom layouts plus one 3-bedroom option. The listing also highlights several building and systems updates, including a roof installed in 2008, newer gas steam boilers for all units, a newer 400A electric service installed in 2006, and separate solar systems for each unit. Each unit is described as having a built-in microwave and stove, supporting straightforward tenant readiness.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- West Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.227890819311
- Latitude
- 40.785366945972
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Renovated 4-unit double duplex with updated roof, separate solar by unit, and in-unit laundry and storage.
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 a mix of unit layouts: three 2‑bedroom units plus one 3‑bedroom unit; Each unit includes an eat‑in kitchen, living area, 1 full bath, and built‑in microwave + stove; Basement with storage and a large backyard that is partially fenced‑in
