Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Redevelopment Property Title is generated by Realmo AI

    79 Cleveland St, Orange, NJ 07050

    View on Map
    Claim this Listing
    New
    For Sale
    $444,000

    3-Three Story, Multi-Family - City Of Orange Twp., NJ

    Lot size:
    0.12 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 7 at 5:06 am

    Property Features for 79 Cleveland St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Parking
    3
    Exterior features
    Metal Fence
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Standard status
    Active
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12158

    Utilities

    Heating system
    Fireplace(s)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1896
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    MARIA MORRISON HENINGBURG

    Listing agent MARIA MORRISON HENINGBURG

    Listing office BHHS JORDAN BARIS REALTY 124 E MT PLEASANT AVE., West Orange, NJ

    Listing date Jun 6, 2026

    MLS# 4032667 Listing URL

    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.

    HighLights

    • 1896‑built multi‑unit structure on a generously sized lot with a long driveway and fenced rear yard
    • No interior access; sold strictly as‑is and buyers are responsible for all due diligence and required inspections
    • Oil tank removal is in progress with a permit obtained
    • Basement included; features fireplace(s) and cooling system listed as none
    • Kitchen includes gas oven and range; aluminum siding exterior and asphalt shingle roof
    • NJ Transit Orange Station (Morristown & Gladstone Lines) is about a half‑mile away

    Overview

    This is a for-sale multifamily redevelopment property with an existing three-story multi-unit structure described as having reached end of life. The offering is sold strictly as-is and includes no interior access. The highest and best use is stated as tear down and build anew. Site details include a long driveway and a fenced rear yard.

    The address is 79 Cleveland St in the City of Orange Township, Essex County, NJ. Public remarks note an approximately half-mile distance to NJ Transit Orange Station on the Morristown & Gladstone Lines, with direct service to NY Penn Station and Hoboken Terminal. The property is also described as being across the street from PEEK Properties’ Cleveland Heights development (approximately 70 new rental units). An elementary school is noted as anchoring the corner, with churches, dining, and shopping in close proximity.

    For developers or owner-occupants seeking a ground-up build, the site’s configuration supports a new design plan following demolition. Oil tank removal is reported as in progress with a permit obtained, and the seller notes quick closing, with cash preferred. Buyers are instructed not to enter the yard unaccompanied and to complete all due diligence and inspections required to close.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.23036
    Latitude
    40.77502

    Nearby Similar for Sale

    • $575,000
      1,024 SF

      Commercial Property in City Of Orange

      Commercial property with excellent visibility, tenant-occupied, generating $5,000 monthly.
      256 Wallace St, City Of Orange Twp., NJ 07050-3712
      View Details
    • $599,999
      2,973 SF

      Multi-Family Property in City Of Orange

      Three-story, two-unit property with seven bedrooms and four bathrooms.
      458 Fairview Ave, City Of Orange Twp., NJ 07050-2114
      View Details
    • $819,000
      1,300 SF

      Unique Triplex with Development Potential

      Updated triplex suitable for residential, office, or studio use.
      540 Joyce St, City Of Orange Twp., NJ 07050-1413
      View Details
    • $749,900
      4,800 SF

      Spacious Commercial Building/House of Worship

      Commercial building/House of Worship in quiet residential arts district.
      668 Forest St, City Of Orange Twp., NJ 07050
      View Details
    • $1,800,000
      5,500 SF

      Commercial Property Near Train Station

      Two lots with covered and open space near Highland Ave train.
      419-425 Valley St, City Of Orange Twp., NJ 07050-1320
      View Details
    • $500,000
      3,900 SF

      Mixed-Use Building in Opportunity Zone

      Three-unit mixed-use building in the heart of Orange, NJ.
      467 Main St, City Of Orange Twp., NJ 07050
      View Details
    • $750,000

      Two Family with Bonus Unit

      Two-family property with bonus unit, updated basement, and parking.
      289 Center Street, Orange, NJ 07050
      View Details
    • $729,900

      Modern Multi-Family in City Orange

      Completely renovated multi-family property with high-end finishes and modern systems.
      196 Taylor St, City Of Orange Twp., NJ 07050-3412
      View Details
    • $779,000

      Renovated Multi-Family Property

      Turnkey multi-family property with income potential near transportation and amenities.
      562 Tremont Ave, City Of Orange Twp., NJ 07050-1206
      View Details
    • $440,000
      2,658 SF

      City Of Orange Multi-Family Property

      Multi-family property in City Of Orange Twp., NJ for sale.
      208 Duane St, City Of Orange Twp., NJ 07050-4111
      View Details
    • $699,000

      Mixed-Use Property in City Of Orange

      Versatile property with residential units and oversized garage/workspace.
      196 Lafayette Street, City Of Orange Twp., NJ 07050
      View Details
    • $750,000

      Multi-Family Opportunity in City Orange

      Two properties on one lot in City of Orange Township.
      471 Burnside St, City Of Orange Twp., NJ 07050-4202
      View Details

    FAQs

    What type of property is this?
    Triplex - As-is triplex redevelopment site with a long driveway and fenced rear yard, with oil tank removal permit in progress.
    Where is this triplex located?
    The property is located at 79 Cleveland St Orange, NJ.
    What is the asking price?
    The asking price for this property is $444,000.
    What are key features of this property?
    This property features: 1896‑built multi‑unit structure on a generously sized lot with a long driveway and fenced rear yard; No interior access; sold strictly as‑is and buyers are responsible for all due diligence and required inspections; Oil tank removal is in progress with a permit obtained
    (973) 736-1600
    We can help!
    Listing Contact
    MARIA MORRISON HENINGBURG
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    79 Cleveland St, City Of Orange Twp., NJ 07050-2709
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!