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 Market208
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
Listed By:
Peter Boutros · License #300361
(908) 913-8708
Source:
Evrealestate
Added: Mar 24
Changed: Oct 10
Last Checked: Oct 16 at 6:22AM
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
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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 / Yr
$33,188
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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.
