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Legal Three-Family Residential Building
For Sale
$865,000

221 North Center Street, Orange, NJ 07050

Legal three-family property offering separate utilities and three-bedroom units alongside a two-bedroom unit.

Property Size9,999 SF
Price / SF$86.51
Days on Market96

Property Features for 221 North Center Street

General Information

Standard status Active
Size 9,999 SF
Total Parking Spaces 2
Property subtype Multi Family / 3-Three Story
Net Operating Income $9,999

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $16,950

Amenities

Yes
No
Asphalt Shingle
Carbon Monoxide Detector, See Remarks, Smoke Detector
Finished
Patio
Aluminum Siding
Listing Agency: 1-888-NJ-REALTY
Listed By: DWIGHT NORTHOVER · License #239758
Source: Compass
Added: Jul 20 Changed: Oct 11 Last Checked: Oct 20 at 11:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1-888-NJ-REALTY

Rey
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Investment Insights

Based on property information with market context.

This legal three-family residential building features apartments configured with three bedrooms on the first and second floors, plus two bedrooms on the second level. Units are described as being in great condition and include a full finished basement.

The property is served by all separate utilities and offers outdoor space, including a patio and a back yard. Parking is available for two cars.

Additional noted improvements include a newer roof, supporting continued building reliability. The overall setup provides a straightforward, multi-unit configuration within a legal three-family structure.

Key Highlights

  • Legal 3‑family property with separate utilities
  • Unit bedroom layout: 3 bedrooms on 1st floor and 2 bedrooms on 2nd floor (plus additional 3‑bedroom unit as described)
  • Finished basement

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,769
Businesses Nearby

Demographics for 07050, NJ

34,315
Population
13,412
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
2.2 sq mi
ZIP Area
15,598
Density / Sq Mi
$53,109
Median Household Income
$38,587
Median Earnings
$1,427
Median Rent
$336,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Legal three-family property offering separate utilities and three-bedroom units alongside a two-bedroom unit.
Where is this triplex located?
The property is located at 221 North Center Street Orange, NJ.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Legal 3‑family property with separate utilities; Unit bedroom layout: 3 bedrooms on 1st floor and 2 bedrooms on 2nd floor (plus additional 3‑bedroom unit as described); Finished basement
More about this property
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