Three-Story Duplex with
For Sale
$599,999
Pending
458 Fairview Ave, Orange, NJ 07050
Two-unit property with seven bedrooms, ideal for rental income.
Property Size2,973 SF
Days on Market153
Property Features for 458 Fairview Ave
General Information
Standard status
Pending
Size
2,973 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$15,938
Amenities
Natural Gas
Partial
Detached
3-Three Story
Building Details
Building Size
2,973 SF
Year Built
1901
Stories
3
Listing Agency:
EXP Realty, LLC
(908) 913-8708
Listed By:
PETER BOUTROS · License #300361
(908) 913-8708
Source:
Evrealestate
Added: Mar 24
Changed: Aug 23
Last Checked: Jul 25 at 3:33AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This three-story, two-unit property features a total of 7 bedrooms and 2 bathrooms. Each unit offers spacious layouts with ample natural light. The property includes a 1-car garage at the rear and additional off-street parking. It is located in a commuter-friendly area near NYC transportation, major highways, shopping, schools, and parks. The property offers potential for rental income or owner-occupancy.
Key Highlights
- High rental income potential or owner‑occupant opportunity in a 2‑unit property.
- 7 bedrooms and 2 bathrooms total.
- Convenient location near NYC transportation, major highways, shopping, schools, and parks.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,188
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,760
$663.8K
Cap Rate 7%
$474,114
$474.1K
Cap Rate 9%
$368,756
$368.8K
Market Conditions
NOI Build-Up for 1,983 SF
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.
Gross rent
$50.7K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$47.4K $23.91/SF
− OpEx
−$14.2K −$7.17/SF
NOI
$33.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,760
Cap Rate 7%
$474,114
Cap Rate 9%
$368,756
Alternative Uses
Best Use
Multifamily LT 5
$474.1K
$414.9K – $553.1K
NOI $33,188 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$435.6K
$381.2K – $508.3K
NOI $30,495 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$517.8K
$453.1K – $604.1K
NOI $36,246 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with seven bedrooms, ideal for rental income.
Where is this duplex located?
The property is located at 458 Fairview Ave Orange, NJ.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: High rental income potential or owner‑occupant opportunity in a 2‑unit property.; 7 bedrooms and 2 bathrooms total.; Convenient location near NYC transportation, major highways, shopping, schools, and parks.
