Three-Story Duplex with
For Sale
$599,999
Pending
458 Fairview Ave, Orange, NJ 07050
Multi-Family, 3-Three Story, City Of Orange Twp., NJ
Property Size2,973 SF
Lot Size0.23 Acres
Days on Market153
Property Features for 458 Fairview Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Basement, Bedroom 7, Bathroom 2, Bedroom 2
Parking
4
Directions
From Main St, take Fairview Ave; follow straight to 458 Fairview Ave. GPS works fine.
Standard status
Pending
Size
2,973 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15938
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating)
Water source
Public
Building Details
Year built
1901
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
PETER BOUTROS · License #300361
(866) 201-6210
Added: Mar 24
Changed: Aug 19
Last Checked: Aug 23 at 1:06PM
MLS# 4016421
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story duplex contains 2,973 square feet with a two-unit configuration, seven bedrooms, and four bathrooms. The property includes a rear 1-car garage, additional off-street parking, a basement, shingle roofing, and heating that includes steam and other systems. Built in 1901, it is served by public water and public sewer and occupies 0.23 acres.
The property is located in City Of Orange Twp., Essex County, near NYC transportation, major highways, shopping, schools, and parks. The address is 458 Fairview Ave, City Of Orange Twp., NJ 07050-2114.
The property is located in City Of Orange Twp., Essex County, near NYC transportation, major highways, shopping, schools, and parks. The address is 458 Fairview Ave, City Of Orange Twp., NJ 07050-2114.
Key Highlights
- Two‑unit duplex with seven bedrooms and four bathrooms
- 2,973 square feet of building area
- Three‑story configuration with basement
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
$49,757
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
8.29%
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%
$995,140
$995.1K
Cap Rate 7%
$710,814
$710.8K
Cap Rate 9%
$552,856
$552.9K
Market Conditions
NOI Build-Up for 2,973 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
$76.0K $25.56/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$71.1K $23.91/SF
− OpEx
−$21.3K −$7.17/SF
NOI
$49.8K $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%
$995,140
Cap Rate 7%
$710,814
Cap Rate 9%
$552,856
Alternative Uses
Best Use
Multifamily LT 5
$710.8K
$622.0K – $829.3K
NOI $49,757 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$653.1K
$571.5K – $762.0K
NOI $45,719 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$776.3K
$679.3K – $905.7K
NOI $54,342 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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 spacious interiors, rear garage, and additional off-street parking.
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: Two‑unit duplex with seven bedrooms and four bathrooms; 2,973 square feet of building area; Three‑story configuration with basement
