Three-Story Duplex with
For Sale
$599,999
Pending
458 Fairview Avenue, Orange, NJ 07050
Two-unit property with seven bedrooms, ideal for rental income.
Property Size1,010 SF
Days on Market136
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
Changed: Jul 10
Last Checked: Jul 24 at 2:02PM
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 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 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 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.
