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Three-Family Home with Driveway
For Sale
$599,900

554 Norwood Street, East Orange, NJ 07018

Three residential units include two matching layouts and a studio-style third-floor unit.

Property SizeContact for details
Days on Market20

Property Features for 554 Norwood Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multi Family 2-4

Units

Unit Mix 2 x 3BR/1BA, 1 x studio
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,927

Amenities

private driveway
backyard
unfinished basement

Building Details

Stories 3
Units 3
Listing Agency: Coldwell Banker, Alpine/Closter
Listed By: Fernando Encarnacion
Source: Betterhomerealestate
Added: Aug 12 Changed: Aug 29 Last Checked: Aug 30 at 5:33PM

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 Coldwell Banker, Alpine/Closter

Investment Insights

Based on property information with market context.

This legal three-family residence is arranged across three floors. The first and second floors each contain three bedrooms and one full bathroom, while the third floor is configured as a studio-style unit with its own kitchen and full bathroom. An unfinished basement provides additional storage space, and the property is being sold as-is.

A private driveway accommodates parking for up to 6 cars, with a backyard adding outdoor space. The property is located in East Orange near transportation, shopping, dining, schools, and major roadways.

Key Highlights

  • Legal 3‑family residential property
  • First and second floors each offer 3 bedrooms and 1 full bath
  • Third‑floor studio‑style unit includes a kitchen and full bath

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Locksmith

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,483
Businesses Nearby

Demographics for 07018, NJ

30,429
Population
13,107
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
1.7 sq mi
ZIP Area
17,899
Density / Sq Mi
$59,039
Median Household Income
$39,630
Median Earnings
$1,410
Median Rent
$314,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three residential units include two matching layouts and a studio-style third-floor unit.
Where is this triplex located?
The property is located at 554 Norwood Street East Orange, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Legal 3‑family residential property; First and second floors each offer 3 bedrooms and 1 full bath; Third‑floor studio‑style unit includes a kitchen and full bath
More about this property
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