Three-Unit Duplex
512 S Jefferson St, Orange, NJ 07050
For Sale
New
$499,999
Multi-Family, 3-Three Story, City Of Orange Twp., NJ
Property Size1,728 SF
Lot Size0.05 Acres
Price / SF$289.35
Days on Market1
Property Features for 512 S Jefferson St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Interior features
Exterior features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
covered patio
deck
yard
off-street parking
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
EXP REALTY, LLC
Listed By:
ABANOUB HABIB · License NJ #2327471
(866) 201-6210
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 4064680
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex property contains three separate living spaces: one with 2 bedrooms and 1 bathroom, and two with 1 bedroom and 1 bathroom each. The partially finished basement adds a bedroom and bathroom. Interior features include hardwood floors, marble finishes, kitchen countertops, and a walk-in closet. The home was built in 1886 and measures 1,728 square feet on a 0.05-acre lot.
Outdoor features include a covered patio, a deck, and a yard. The property has off-street parking, forced-air heat, central air, public water, and public sewer. It is located in City of Orange Township, New Jersey, with access to local restaurants, shopping, and everyday amenities.
Outdoor features include a covered patio, a deck, and a yard. The property has off-street parking, forced-air heat, central air, public water, and public sewer. It is located in City of Orange Township, New Jersey, with access to local restaurants, shopping, and everyday amenities.
Key Highlights
- Three separate living spaces: one 2‑bedroom unit and two 1‑bedroom units
- Partially finished basement with an additional bedroom and bathroom
- 1,728‑square‑foot property on a 0.05‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,920
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,400
$578.4K
Cap Rate 7%
$413,143
$413.1K
Cap Rate 9%
$321,333
$321.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.2K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.3K $23.91/SF
− OpEx
−$12.4K −$7.17/SF
NOI
$28.9K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,400
Cap Rate 7%
$413,143
Cap Rate 9%
$321,333
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.5K – $482.0K
NOI $28,920 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$379.6K
$332.2K – $442.9K
NOI $26,573 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$451.2K
$394.8K – $526.4K
NOI $31,585 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
909
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
Properties on Market for Duplexes in Orange
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three separate living areas include a two-bedroom unit and two one-bedroom units, with a partially finished basement.
Where is this duplex located?
The property is located at 512 S Jefferson St Orange, NJ.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Three separate living spaces: one 2‑bedroom unit and two 1‑bedroom units; Partially finished basement with an additional bedroom and bathroom; 1,728‑square‑foot property on a 0.05‑acre lot
