481 William St East Orange, NJ 7017
Four-story, 26-unit building in prime location with redevelopment potential.
Lot size:
0.19 Acres- Added:
- Mar 17, 2026
- Days on Market:
- 16
- Last Refresh:
- Mar 18 at 7:47 am
Property Features for 481 William St
General Information
- Standard status
- Active
- Lot size
- 0.19 Acres
Building Details
- Year Built
- 1955
Listing agent RANIA RATEL
Listing office KELLER WILLIAMS PROSPERITY REALTY (973) 696-0077
Listing date Mar 17, 2026
Source Corcoran
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 KELLER WILLIAMS PROSPERITY REALTY
Overview
26-Unit Multifamily Investment Opportunity
This four-story brick building features 26 units, including 15 one-bedroom and 11 two-bedroom apartments. The property is situated in a prime location experiencing rapid redevelopment and new construction. The building is well-maintained, with a boiler and hot water heater under 5 years old. An elevator was installed in 2006, and the roof has been updated multiple times since ownership, with the last update in 2018. Four units are currently undergoing renovation and will be rented at market value during the contract period. All units were fully renovated 20 years ago, with many renovated again before re-renting, and are reported to be in great condition. A live-in superintendent is on-site. Security cameras are installed and included in the sale. The property is located minutes from the train station and between the Garden State Parkway and Route 280. Most rentals are below market value, presenting income potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2147735
- Latitude
- 40.766272
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Four-story, 26-unit building in prime location with redevelopment potential.
Where is this apartment building located?
The property is located at 481 William St East Orange, NJ.
What is the asking price?
The asking price for this property is $4,299,000.
What are key features of this property?
This property features: 26‑unit building with a mix of 1‑bedroom (15) and 2‑bedroom (11) units, offering diverse rental options.; Prime location with significant redevelopment activity and new construction nearby, indicating strong growth potential.; Below‑market rental rates offer substantial income upside.
