Three-Story Duplex with
458 Fairview Avenue Orange, NJ 07050
458 Fairview Avenue, Orange, NJ, 07050
$599,999
Pending
For Sale
$599,999
Pending
Two-unit property with seven bedrooms, ideal for rental income.
Property Size1,010 SF
Days on Market118
Property Features for 458 Fairview Avenue
General Information
- Standard status
- Pending
- Size
- 1,010 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing Agency
EXP REALTY, LLC
(866) 201-6210
Listed by
PETER BOUTROS · License #300361
(866) 201-6210
Source
Compass
Added: Mar 23 Checked: Jul 17 at 4:46 am
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.
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 | $25.8k | $25.56 |
| − Vacancy | −$1.7k | −$1.65 |
| EGI | $24.1k | $23.91 |
| − OpEx | −$7.2k | −$7.17 |
| NOI | $16.9k | $16.74 |
1,010 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.5K
$211.3K – $281.7K
NOI $16,904 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$221.9K
$194.2K – $258.9K
NOI $15,532 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$263.7K
$230.8K – $307.7K
NOI $18,461 @ 7.0% cap · market cap 3.08%
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-unit property with seven bedrooms, ideal for rental income.
Where is this duplex located?
The property is located at 458 Fairview Avenue 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.
