Renovated Three-Family Income
For Sale
$890,000
Pending
23 Watson Ave, West Orange, NJ 07052
Turnkey renovated three-unit building with three 3-bedroom units, each with central air and new appliances.
Property SizeContact for details
Days on Market69
Property Features for 23 Watson Ave
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,916
Building Details
Year Built
9999
Units
3
Tenancy
Multi
Listing Agency:
(908) 400-4379
Listed By:
LORENA SILVA · License #1328354
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 9 at 9:17AM
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 LORENA SILVA
Investment Insights
Based on property information with market context.
This renovated three-family property offers three spacious 3-bedroom, 1-bathroom units. Each unit is equipped with central air, forced heat, and brand-new appliances. Updates throughout the building are designed to support straightforward, turn-key operation, and there is a basement that is partially finished, providing additional flexible space.
The property is located in West Orange Township, NJ, with convenience to schools, shopping, and public transportation. Walkability is reported as somewhat limited, with the area described as car-dependent, while biking is also noted as somewhat limited.
For investors or owner-operators seeking a manageable multi-unit setup, the consistent unit configuration across the three residences can simplify leasing and ongoing property management. With newer appliances and mechanical systems already in place, the building is positioned for immediate occupancy planning, supported by the turnkey-ready interior updates and partially finished basement space.
The property is located in West Orange Township, NJ, with convenience to schools, shopping, and public transportation. Walkability is reported as somewhat limited, with the area described as car-dependent, while biking is also noted as somewhat limited.
For investors or owner-operators seeking a manageable multi-unit setup, the consistent unit configuration across the three residences can simplify leasing and ongoing property management. With newer appliances and mechanical systems already in place, the building is positioned for immediate occupancy planning, supported by the turnkey-ready interior updates and partially finished basement space.
Key Highlights
- Renovated 3‑family home with three 3‑bedroom, 1‑bathroom units
- Each unit has central air and forced heat
- Units include brand‑new appliances
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Turnkey renovated three-unit building with three 3-bedroom units, each with central air and new appliances.
Where is this triplex located?
The property is located at 23 Watson Ave West Orange, NJ.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Renovated 3‑family home with three 3‑bedroom, 1‑bathroom units; Each unit has central air and forced heat; Units include brand‑new appliances
