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Property profile & analytics
OFF-MARKET Estimated value $570,000
Residential income homes

19 Freeman St West Orange, NJ 07052-5127

2,975 SF 0.14 ac lot Built 1917
Individually Owned 5-yr Hold
Property ID
US59-1881906
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1917
Construction FRAME
Total area 2,975 SF
Lot 0.14 ac (6,150 SF)
Zoning code R-M
APN 22 00006-0000-00052
UPID US59-1881906
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
$765k
Comparable Approach Comparable
$414k
Blend (final) Blend
$570k
Owner & transaction history
Nicholas Recchia JR · 5 yrs held
Nicholas Recchia JR
since 2021
Last sale
$480,000
1 recorded transaction
2021
$480,000
Zoning & alternative use
R-M · West Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Additional Off-Street Parking. In R-5, R-6, R-T, R-G and R-M Districts, additional off-street parking shall be permitted upon approval of the same as a conditional use by the Planning Board. Such conditional use shall have all existing front, rear and side yard requirements of the district in which it is located applied to it. All abutting residential proper…

Zone name Multifamily Residences
General category RESIDENTIAL
Zone area 30.60 ac
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