29
See all 29 photos
$599,900
Est. payment /mo
7 Beds
3 Baths
2,613 Sqft Lot
Active
550 Norwood St East Orange City, NJ 07018
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4018204
Style Colonial
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1925
Annual Tax Amount $12,322
Tax Year 2025
Lot Size 2,613 Sqft
Property Sub-Type Single Family
Property Description
Excellent opportunity for both investors and owner-occupants! This well-maintained multi-unit property features three units, consisting of two 3-bedroom units and one 1-bedroom unit, offering strong rental potential and flexibility. Perfect for a buyer looking to live in one unit while generating income from the others.The two 3-bedroom units are spacious and very well maintained, reflecting consistent upkeep throughout ownership. The entire property has no major issues, with all mechanicals in good working condition, making this a true turnkey investment.Projected fair market rents for all three units exceed $7,000 per month, offering investors the potential for over a 10% cap rate. This makes it an ideal addition to any portfolio or a high-performing first investment.Additional highlights include a full basement providing ample storage or potential for additional use. The layout and unit mix make this a prime long-term hold or house-hack opportunity.Don't miss your chance to own a solid, income-producing property in a desirable market.
Location
State NJ
County Essex
Rooms
Basement Full, Unfinished
Kitchen Eat-In Kitchen
Interior
Heating Electric
Cooling See Remarks
Heat Source Electric
Exterior
Exterior Feature Wood
Parking Features None
Garage Spaces 1.0
Utilities Available See Remarks
Roof Type See Remarks
Building
Sewer See Remarks
Water Private
Architectural Style Colonial
Others
Senior Community No
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC
