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Listed price in listed location currency (USD).
$500,000

420

MLS® 4015238

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $11,832
Days Active 5
Lot Size 0.06 acres
Approx. Age 1889
MLS® Number 4015238

Property Address: 579 Nassau St, Orange, NJ, 07050-1224

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number4015238
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1889
BasementUnfinished
DrivewayOn-Street Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$500,000List Price
-End Date
Not Sold YetSold Price

For Rent

Mar 6, 2026List Date
$2,250List Price
  • Commute

Commute

Starting Address
Destination Address
579 Nassau St, Orange, NJ

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