579 Nassau St, City Of Orange, NJ 07050
Local realty services provided by:ERA Central Realty Group
579 Nassau St,City of Orange Twp., NJ 07050
$500,000
- 4 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: katherine elliott
Office: coldwell banker realty973-378-8300
MLS#:4015238
Source:NJ_GSMLS
Price summary
- Price:$500,000
About this home
Turnkey two-family investment opportunity in the heart of Orange's vibrant Valley Arts District fully renovated in 2021 and already generating strong income with additional upside.Each unit offers 2 bedrooms and 1 full bathroom, thoughtfully updated to blend modern convenience with clean, functional design. Both apartments feature stylish kitchens with stainless steel appliances (including dishwashers), in-unit stackable washer/dryers, and fully renovated bathrooms. Refinished hardwood floors and reconfigured layouts enhance flow and livability throughout.Major 2021 capital improvements include updated electrical and plumbing systems, new kitchens and baths, and the addition of individual mini-split systems in each unit for efficient heating and cooling keeping operating costs predictable and appealing to tenants.Both units enjoy access to a private back yard - a desirable feature in the neighborhood. Ideally situated just moments from local favorites including Libretti's and Hat City Kitchen, and approximately two blocks from Highland Place NJ Transit station, offering convenient access to NYC and surrounding areas.Financial Highlights:Current Monthly Income: $4,125Potential Rent Increase: Unit 1 currently listed at $2,250Monthly Operating Expenses: $1,373Net Operating Income (NOI): $33,024 annuallyA clean, income-producing asset with modern systems already in place ideal for investors or owner-occupants seeking low-maintenance ownership with strong fundamentals....
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Home facts
- Year built:1889
- Listing ID #:4015238
- Added:58 day(s) ago
- Updated:May 16, 2026 at 08:43 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Basement Description:Basement, Unfinished
Heating and cooling
- Cooling:Multi-Zone Cooling
- Heating:Multi-Zone
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1889
- Lot area:0.06 Acres
- Architectural Style:1-One Story, Under/Over
- Construction Materials:Wood
- Exterior Features:Deck, Open Porch, Patio, Privacy Fence
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$500,000
- Tax amount:$11,832 (2025)
Features and amenities
- Amenities:Carbon Monoxide Detector, Fire Extinguisher, Gas-Natural, High Ceilings, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Parking
- Parking description:On-Street Parking
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