Two-Family Residential Income
391 High Street Orange, NJ 07050
391 High Street, Orange, NJ, 07050
$540,000
For Sale
$540,000
Vacant two-family home with 8 bedrooms and 3 baths plus finished attic bonus space.
Property Size3,011 SF
Price / SF$179.34
Days on Market65
Property Features for 391 High Street
General Information
- Standard status
- Active
- Size
- 3,011 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1914
Listing agency
ALEXANDER ANDERSON REAL ESTATE
(201) 343-6640
Listed by
DARLING QUEEN EALY · License #397429
(201) 343-6640
Source
Compass
Added: May 18 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 ALEXANDER ANDERSON REAL ESTATE
Investment Insights
Based on property information with market context.
This vacant two-family residential income home offers a total of 8 bedrooms and 3 bathrooms, with additional finished attic bonus space. Unit 1 is configured with 3 bedrooms and 1 bathroom, while Unit 2 provides 4 bedrooms and 1 bathroom. The property requires TLC, creating an opportunity for buyers seeking to customize and improve the home.
The home is located in Orange, NJ, and is described as being convenient to major highways, shopping, public transportation, and NYC commuter routes.
The overall layout supports separate unit living within a single structure, with the attic bonus space adding further bedroom and bathroom capacity. Photos are noted as virtually staged.
The home is located in Orange, NJ, and is described as being convenient to major highways, shopping, public transportation, and NYC commuter routes.
The overall layout supports separate unit living within a single structure, with the attic bonus space adding further bedroom and bathroom capacity. Photos are noted as virtually staged.
Key Highlights
- Vacant two‑family home with 8 bedrooms and 3 baths
- Unit 1: 3 bedrooms and 1 bath
- Unit 2: 4 bedrooms and 1 bath
Local Financial Insights For Apartment 5plus
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 | $90.3k | $30.00 |
| − Vacancy | −$6.1k | −$2.04 |
| EGI | $84.2k | $27.96 |
| − OpEx | −$37.9k | −$12.58 |
| NOI | $46.3k | $15.38 |
3,011 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.9K
$629.9K – $839.9K
NOI $50,393 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$661.5K
$578.8K – $771.7K
NOI $46,303 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$786.2K
$688.0K – $917.3K
NOI $55,036 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant two-family home with 8 bedrooms and 3 baths plus finished attic bonus space.
Where is this duplex located?
The property is located at 391 High Street Orange, NJ.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Vacant two‑family home with 8 bedrooms and 3 baths; Unit 1: 3 bedrooms and 1 bath; Unit 2: 4 bedrooms and 1 bath
