Fully Renovated 3-Unit Residential
467 Fairview Avenue Orange, NJ 07050
467 Fairview Avenue, Orange, NJ, 07050
$725,000
For Sale
$725,000
Three fully renovated units include a main-level eat-in kitchen plus two updated two-bedroom units and a private driveway.
Property Size3,046 SF
Price / SF$238.02
Days on Market311
Property Features for 467 Fairview Avenue
General Information
- Standard status
- Active
- Size
- 3,046 SF
- Property subtype
- Multi Family
Listing agency
TWRG Realty Group/The World Realty Group
(908) 355-1717
Listed by
Moshe Wigder
(908) 355-1717
Source
Compass
Added: Sep 15, 2025 Updated: Jul 21 at 3:32AM Checked: Jul 21 at 3:32AM
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 TWRG Realty Group/The World Realty Group
Investment Insights
Based on property information with market context.
This fully renovated three-unit residential income property offers an attractive blend of classic space and modern updates. The main level features oversized windows and high ceilings, a spacious eat-in kitchen with granite counters and white shaker cabinetry, a large living room, three comfortable bedrooms, and two full bathrooms. The second floor provides two updated two-bedroom units, creating a practical income-oriented configuration.
The property is set on a quiet street in Orange’s Seven Oaks neighborhood. A private driveway and a large backyard add valuable outdoor and parking space. The home is described as within walking distance of NYC-bound transit, with a stated commute time to Midtown Manhattan of about 30 minutes, and schools, shops, and major highways noted as nearby.
Overall, the layout supports two separate upper units alongside a complete main-level living arrangement, with renovation details emphasized throughout the residence.
The property is set on a quiet street in Orange’s Seven Oaks neighborhood. A private driveway and a large backyard add valuable outdoor and parking space. The home is described as within walking distance of NYC-bound transit, with a stated commute time to Midtown Manhattan of about 30 minutes, and schools, shops, and major highways noted as nearby.
Overall, the layout supports two separate upper units alongside a complete main-level living arrangement, with renovation details emphasized throughout the residence.
Key Highlights
- Fully renovated 3‑unit home with 7 bedrooms and 4 full bathrooms
- Approximately 3,046 sq ft of finished living space across three units
- Main level includes an eat‑in kitchen with granite counters and white shaker cabinets, plus 3 bedrooms and 2 full bathrooms
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 | $77.9k | $25.56 |
| − Vacancy | −$5.0k | −$1.65 |
| EGI | $72.8k | $23.91 |
| − OpEx | −$21.8k | −$7.17 |
| NOI | $51.0k | $16.74 |
3,046 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$728.3K
$637.2K – $849.6K
NOI $50,978 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$669.2K
$585.5K – $780.7K
NOI $46,841 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$795.4K
$696.0K – $927.9K
NOI $55,676 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully renovated units include a main-level eat-in kitchen plus two updated two-bedroom units and a private driveway.
Where is this triplex located?
The property is located at 467 Fairview Avenue Orange, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fully renovated 3‑unit home with 7 bedrooms and 4 full bathrooms; Approximately 3,046 sq ft of finished living space across three units; Main level includes an eat‑in kitchen with granite counters and white shaker cabinets, plus 3 bedrooms and 2 full bathrooms
