Two-Unit Property For
427 Main St West Orange, NJ 07052
427 Main St, West Orange, NJ, 07052
$250,000
Pending
For Sale
$250,000
Pending
Two units in excellent location, one renovated with lease.
Property Size800 SF
Lot Size0.09 Acres
Days on Market216
Property Features for 427 Main St
General Information
- Standard status
- Pending
- Size
- 800 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agency
ERA SUBURB REALTY
(908) 322-4434
Listed by
GEORGE HANSEN
Source
Corcoran
Added: Dec 17, 2025 Updated: Jul 6 at 10:17AM Checked: Jul 21 at 4:50AM
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 ERA SUBURB REALTY
Investment Insights
Based on property information with market context.
This property features two units. Unit 427 is currently being renovated and has a tenant with a one-year lease. Unit 429 is operating as a salon on a month-to-month basis. The property is being sold as is, and buyers are responsible for obtaining all town certificates and requirements. The property has a size of 800 square feet. This property is being sold in combination with the two-family property next door at 425 Main Street.
Key Highlights
- Excellent Location
- Two Units offer versatile possibilities
- One unit has a tenant with a 1‑year lease (427)
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 | $20.4k | $25.56 |
| − Vacancy | −$1.3k | −$1.65 |
| EGI | $19.1k | $23.91 |
| − OpEx | −$5.7k | −$7.17 |
| NOI | $13.4k | $16.74 |
800 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.3K
$167.4K – $223.2K
NOI $13,389 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$175.7K
$153.8K – $205.0K
NOI $12,302 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two units in excellent location, one renovated with lease.
Where is this duplex located?
The property is located at 427 Main St West Orange, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Excellent Location; Two Units offer versatile possibilities; One unit has a tenant with a 1‑year lease (427)
