Two-Unit
238 N Day Street, Orange, NJ 07050
For Sale
New
$599,000
Multi-Family, Orange, NJ
Property Size2,484 SF
Lot Size0.08 Acres
Price / SF$241.14
Days on Market3
Property Features for 238 N Day Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
C21 Thomson & Co.
Listed By:
Kyle Golden · License #1646836
(732) 945-7035
Added: Nov 5
Last Checked: Nov 7 at 9:06PM
MLS# 22634995
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,484-square-foot duplex contains two residential units on a 0.08-acre lot. One residence has 3 bedrooms and 1 bathroom; the other has 5 bedrooms and 1 bathroom. The property was built in 1901 and has forced-air heating, public water, and public sewer service.
Located at 238 N Day Street in Orange, New Jersey, the property is near restaurants, shopping, and everyday amenities. Its two-unit layout supports living in one residence while renting the other, as well as use as a two-unit residential property.
Located at 238 N Day Street in Orange, New Jersey, the property is near restaurants, shopping, and everyday amenities. Its two-unit layout supports living in one residence while renting the other, as well as use as a two-unit residential property.
Key Highlights
- Two residential units: one with 3 bedrooms and 1 bathroom, the other with 5 bedrooms and 1 bathroom
- 2,484 square feet on a 0.08‑acre lot
- Built in 1901; forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,573
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,460
$831.5K
Cap Rate 7%
$593,900
$593.9K
Cap Rate 9%
$461,922
$461.9K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$63.5K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.4K $23.91/SF
− OpEx
−$17.8K −$7.17/SF
NOI
$41.6K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,460
Cap Rate 7%
$593,900
Cap Rate 9%
$461,922
Alternative Uses
Best Use
Multifamily LT 5
$593.9K
$519.7K – $692.9K
NOI $41,573 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$545.7K
$477.5K – $636.7K
NOI $38,199 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$648.6K
$567.6K – $756.7K
NOI $45,404 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Duplexes in Orange
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The separate residences offer an owner-occupancy option alongside a second unit for rental use.
Where is this duplex located?
The property is located at 238 N Day Street Orange, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residential units: one with 3 bedrooms and 1 bathroom, the other with 5 bedrooms and 1 bathroom; 2,484 square feet on a 0.08‑acre lot; Built in 1901; forced‑air heating
