Two-Unit Multifamily
For Sale
$699,000
Pending
630 Valley St, Orange, NJ 07050
Separate residences include off-street parking and a large yard in a highly walkable Orange setting.
Property Size3,300 SF
Days on Market50
Property Features for 630 Valley St
General Information
Standard status
Pending
Size
3,300 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,601
Building Details
Year Built
1889
Buildings
1
Units
2
Listing Agency:
Global realty resource corp.
Listed By:
BARRINGTON PALMER · License #276079
(973) 641-5700
Source:
Elliman
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 3 at 6:59AM
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 Global realty resource corp.
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Investment Insights
Based on property information with market context.
Built in 1889, this two-unit multifamily property contains 10 bedrooms, 3 full bathrooms, and approximately 3,300 square feet. The layout provides two separate residences, supplemented by off-street parking and a large yard.
The property is in Orange, NJ, with shopping, public transportation, and major highways nearby. Its walkability score is 86, while the bike score is 50. The sale is strictly as-is as part of a bankruptcy proceeding; the buyer is responsible for inspections, due diligence, municipal certificates, and required approvals, and the seller will make no repairs.
The property is in Orange, NJ, with shopping, public transportation, and major highways nearby. Its walkability score is 86, while the bike score is 50. The sale is strictly as-is as part of a bankruptcy proceeding; the buyer is responsible for inspections, due diligence, municipal certificates, and required approvals, and the seller will make no repairs.
Key Highlights
- Two separate units with 10 bedrooms and 3 full bathrooms
- Approximately 3,300 square feet of multifamily space
- Built in 1889
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,229
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,580
$1.1M
Cap Rate 7%
$788,986
$789.0K
Cap Rate 9%
$613,656
$613.7K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$84.3K $25.56/SF
− Vacancy
−$5.4K −$1.65/SF
EGI
$78.9K $23.91/SF
− OpEx
−$23.7K −$7.17/SF
NOI
$55.2K $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%
$1,104,580
Cap Rate 7%
$788,986
Cap Rate 9%
$613,656
Alternative Uses
Best Use
Multifamily LT 5
$789.0K
$690.4K – $920.5K
NOI $55,229 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$861.7K
$754.0K – $1.01M
NOI $60,319 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
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?
Duplex - Separate residences include off-street parking and a large yard in a highly walkable Orange setting.
Where is this duplex located?
The property is located at 630 Valley St Orange, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two separate units with 10 bedrooms and 3 full bathrooms; Approximately 3,300 square feet of multifamily space; Built in 1889
