Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    271 Washington St Orange, NJ 7050

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $830,000

    Well-maintained 7-bedroom house with finished basement and large backyard.

    Type:Multi Family
    Added:
    Apr 10, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 10 at 9:11 am

    Property Features for 271 Washington St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1889

    We can help!

    Listing Contact
    NANA K AGYARE

    Listing agent NANA K AGYARE

    Listing office UNITED REAL ESTATE

    Listing date Apr 10, 2026

    Source Elliman

    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 UNITED REAL ESTATE

    Overview

    Spacious Multifamily House with Backyard

    This multi-family house is located on a quiet street. The property features 7 bedrooms and 3 full bathrooms. It includes a newly finished basement with an extra bonus storage room, bathroom, and a large living space. The house is well maintained. It has a large backyard. The property is located in a desirable section of town, with access to schools, parks, shopping, and dining options. The home combines charm with contemporary flair. The bike score is 41, making it somewhat bikeable. The walk score is 87, indicating it is very walkable. The transit score is 58, suggesting good transit options.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2229964
    Latitude
    40.7793222

    Nearby Similar for Sale

    • $599,999
      2,973 SF

      Multi-Family Property in City Of Orange

      Three-story, two-unit property with seven bedrooms and four bathrooms.
      458 Fairview Ave, City Of Orange Twp., NJ 07050-2114
      View Details
    • $819,000

      Unique Triplex with Development Potential

      Updated triplex suitable for residential, office, or studio use.
      540 Joyce St, City Of Orange Twp., NJ 07050-1413
      View Details
    • $789,000

      Renovated Multi-Family Property

      Turnkey multi-family property with income potential near transportation and amenities.
      562 Tremont Ave, City Of Orange Twp., NJ 07050-1206
      View Details
    • $749,900
      4,800 SF

      Spacious Commercial Building/House of Worship

      Commercial building/House of Worship in quiet residential arts district.
      668 Forest St, City Of Orange Twp., NJ 07050
      View Details
    • $750,000

      Three-Story Multifamily Property in Orange

      Three-story multifamily property with modern amenities and strong rental potential.
      289 Center Street, Orange, NJ 07050
      View Details
    • $2,599,000
      14,015 SF

      Warehouse with Retail and Office

      14,015 SF warehouse with retail and office space.
      43 Central Ave, City Of Orange Twp., NJ 07050
      View Details
    • $830,000

      Multi-Family Home with Finished Basement

      Multi-family home featuring 7 bedrooms, finished basement, and large backyard.
      271 Washington St, City Of Orange Twp., NJ 07050-4105
      View Details
    • $615,000

      Two-Family Home in Orange, NJ

      Two-unit property with rental income potential near amenities.
      363 High St, City Of Orange Twp., NJ 07050-1920
      View Details
    • $590,000

      Renovated Two-Family Residence in Orange

      Updated two-family home near transit, ideal for owner-occupants or investors.
      195 Park Ave, City Of Orange Twp., NJ 07050-4101
      View Details
    • $2,200,000
      5,500 SF

      Commercial Property Near Train Station

      Two lots with covered and open space near Highland Ave train.
      419-425 Valley St, City Of Orange Twp., NJ 07050-1320
      View Details
    • $750,000

      Two Family with Bonus Unit

      Two-family property with bonus unit, updated basement, and ample parking.
      289 N Center St, City Of Orange Twp., NJ 07050-2854
      View Details
    • $460,000

      Orange Duplex: Investment Opportunity Awaits

      Side-by-side duplex in Orange, NJ with income potential.
      78 William St, Orange, NJ 07050
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 7-bedroom house with finished basement and large backyard.
    Where is this apartment building located?
    The property is located at 271 Washington St Orange, NJ.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: Multi‑family house with income‑generating potential.; Boasting **7 bedrooms and 3 full bathrooms.**; Newly finished basement offers extra bathroom, storage, and living space.
    (888) 501-6953
    We can help!
    Listing Contact
    NANA K AGYARE
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!