In-Town Office and Residential
350 MAIN ST Unit 1-5 West Orange, NJ 07052
350 MAIN ST Unit 1-5, West Orange, NJ, 07052
$1,599,000
For Sale
$1,599,000
Updated multi-use building with office space and residential flexibility under B2 zoning, plus skylit entry and three HVAC systems.
Property Size3,800 SF
Price / SF$420.79
Days on Market243
Property Features for 350 MAIN ST Unit 1-5
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing agency
COMPASS NEW JERSEY LLC
(973) 310-7360
Listed by
CHRISTINE R LANE
Source
Xome
Added: Nov 20, 2025 Updated: Jul 21 at 12:52PM Checked: Jul 21 at 12:52PM
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 COMPASS NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This extensively updated in-town building offers a versatile layout with B2 zoning, allowing for both commercial and residential use. An impressive entry foyer with skylights sets the tone, and the property includes three separate heating and cooling systems, newer windows, and recent improvements such as a newer roof, fencing, and a paved parking lot.
The first floor includes a fireplace and a wheelchair-accessible ramp. The second floor provides two spacious suites, each over 1,000 square feet, with four bathrooms in total. For added functionality, a large garage with two oversized doors supports storage, vehicles, or specialized use.
Overall, the property combines professional office potential with residential configuration options, complemented by modern building updates and practical exterior improvements including paved parking.
The first floor includes a fireplace and a wheelchair-accessible ramp. The second floor provides two spacious suites, each over 1,000 square feet, with four bathrooms in total. For added functionality, a large garage with two oversized doors supports storage, vehicles, or specialized use.
Overall, the property combines professional office potential with residential configuration options, complemented by modern building updates and practical exterior improvements including paved parking.
Key Highlights
- B2 zoning allows commercial and residential use, offering flexible multi‑use potential.
- Updated multi‑use building with central air, wood flooring, and a skylit entry foyer.
- Three separate heating and cooling systems, plus newer windows.
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 | $97.1k | $25.56 |
| − Vacancy | −$6.3k | −$1.65 |
| EGI | $90.9k | $23.91 |
| − OpEx | −$27.3k | −$7.17 |
| NOI | $63.6k | $16.74 |
3,800 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$908.5K
$795.0K – $1.06M
NOI $63,597 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$834.8K
$730.5K – $973.9K
NOI $58,436 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Updated multi-use building with office space and residential flexibility under B2 zoning, plus skylit entry and three HVAC systems.
Where is this quadplex located?
The property is located at 350 MAIN ST Unit 1-5 West Orange, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: B2 zoning allows commercial and residential use, offering flexible multi‑use potential.; Updated multi‑use building with central air, wood flooring, and a skylit entry foyer.; Three separate heating and cooling systems, plus newer windows.
