BEDS4
BATHS2 full
MLS#4015238
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONVALLEY ARTS
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Multi-Zone Cooling
Fuel Type: Gas-Natural
Heating: Multi-Zone
Lot Size: 0.06 Acres
Roof Type: Asphalt Shingle
Taxes: $11,832
Year Built: 1889
Amenities
Carbon Monoxide Detector
Fire Extinguisher
High Ceilings
Smoke Detector
Vinyl-Linoleum Floors
Wood Floors
Deck
Open Porch(es)
Patio
Privacy Fence
Feature Descriptions
Driveway: On-Street Parking
Exterior: Wood
Lot Dimensions: 0.06 acre(s)
Parking Notes: None
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: COLDWELL BANKER REALTY
Agency Contact: 646-662-6655
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,244.62 per month $1,112.78 Principal & Interest $986.00 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
579 Nassau St | MLS# 4015238
This multi-family property located at 579 Nassau St, Orange, NJ 07050 is currently listed for sale with an asking price of $500,000. Search Orange real estate on www.realtymark.net today.