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12-Unit Multifamily Property
For Sale
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492 Conover Terrace City of, Orange, NJ 07050

For sale multifamily property offering 12 residential units.

Property SizeContact for details
Days on Market71

Property Features for 492 Conover Terrace City of

General Information

Standard status Active
Total Parking Spaces 10
Property subtype Multifamily

Additional Details

Multifamily Units 12

Building Details

Units 12
Listing Agency: Prominent Properties
Listed By: Prominent Properties Commercial · License #NJ00000
Source: Crexi
Added: Jul 2 Changed: Sep 3 Last Checked: Sep 10 at 8:41AM

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 Prominent Properties

Investment Insights

Based on property information with market context.

This multifamily property is listed as a 12-unit residential income asset. It is being offered for sale as an apartment building.

The address is 492 Conover Terrace in the City of Orange, NJ 07050.

The listing data does not provide additional unit mix, building layout, or amenity details.

Key Highlights

  • Multifamily property with 12 residential units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Tattoo & Piercing Shop Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,510
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - For sale multifamily property offering 12 residential units.
Where is this apartment building located?
The property is located at 492 Conover Terrace City of Orange, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Multifamily property with 12 residential units
More about this property
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