Well-Maintained Three-Family
For Sale
$599,000
Pending
488 Heywood Ave, Orange, NJ 07050
Three-family home with strong rental potential on oversized corner lot.
Property SizeContact for details
Lot Size0.21 Acres
Days on Market218
Property Features for 488 Heywood Ave
General Information
Standard status
Pending
Lot size
0.21 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$17,751
Building Details
Units
2
Listed By:
JOHN W. DAVIS JR.
(973) 380-0467
Source:
Elliman
Added: Mar 12
Changed: Oct 13
Last Checked: Oct 15 at 1:05AM
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 JOHN W. DAVIS JR.
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Investment Insights
Based on property information with market context.
This well-maintained three-family half-brick home is situated on an oversized corner lot, presenting strong rental potential. The first floor features three bedrooms, a full bath, a kitchen, a dining room, and a living room with a fireplace. The second floor includes two bedrooms, a full bath, a kitchen, a dining room, and a living room. The third floor offers a private one-bedroom unit complete with a kitchen, a living room, and a full bath. Additional features include hardwood floors, a full unfinished basement with high ceilings, and a private driveway accommodating up to four cars. The property is conveniently located near area amenities and transportation. Currently tenant-occupied, this property is suitable for investors or owner-occupants.
Key Highlights
- Strong rental potential as a three‑family home.
- Oversized corner lot.
- Private driveway that accommodates up to four cars.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family home with strong rental potential on oversized corner lot.
Where is this triplex located?
The property is located at 488 Heywood Ave Orange, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Strong rental potential as a three‑family home.; Oversized corner lot.; Private driveway that accommodates up to four cars.
