For Multi Family

412 S Valley Rd,City Of Orange Twp., NJ 07050-1323

October 29, 2025

Great Investment Property. Consistent income provider. 3 Rental Units. ( Two residential units plus one garage tenant. ) Home was just resided 2025 and roof within 3 years. 2nd floor unit will be vacant & available November 1, 2025. New owner can live in or rent out.UST is being removed. Replacement Oil Tank to be installed in Basement.

Property ID:PT-7000843-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 695,000 $

Bedrooms:2

Year Built:1957

Listing Details

Status: Active

Location

County: Essex

Lotsize: 7932 SF

Lot Identifier: 16

Home Details

Open Parking: 4

Basement: Yes

Renovated: 2020

Basmnt/Desc: Yes - Finished-Partially

Acreage: 0.18

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 12

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: closing

Unit 1 Appliances/Equipment: CarbMDet,CeilFan,CookGas,Dryer,SmokeDet,OvnWGas,Washer

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 1 Handicap: No

Unit 1 Lease Expire: 2026-10-01

Unit 1 SqFt: 1300

Unit 1 Rent: 2400

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Family Room, Laundry Room, Storage, Utility Room

Unit 1 Security Deposit: 2400

Unit 2 Appliances/Equipment: CarbMDet,CeilFan,CookGas,RgOvGas,SmokeDet

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 2 Handicap: No

Unit 2 Lease Expire: 2025-11-01

Unit 2 SqFt: 1000

Unit 2 Rent: 2400

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Family Room, Living Room, Storage

Unit 2 Security Deposit: 2400

Color of Building: green

Garage Description: Detached Garage

Number of Garage Spaces: 2

Block Identifier: 5001

County Number: 16

Town Number: 1617

YB/Desc: 1957 - Approximate

Color of Building: green

Easement: No

Parking/Driveway Description: 1 Car Width, Blacktop, Off-Street Parking

Block Identifier: 5001

County Number: 16

Town Number: 1617

Possession: closing

Taxes, Fees & Assessments

Gross Operating Income: 75000

Net Operating Income: 58000

Expense Include: Cold Water, Oil, Taxes

Warranty: No

Tax ID For Property: 1617-05001-0000-00016-0000-

Tax Amount: $15,022.00

Tax Year: 2024

Tax Rate: 3.910%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $134,400.00

Building Assessment: $249,800.00

Total Assessment: $384,200.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Oil Tank Below Ground

Heat System: 1 Unit

Cool System: None,WallUnit

Water: Public Water, Water Charge Extra

Sewer: Public Sewer

Utilities: Electric, Gas In Street

Services: Cable TV

Schools

Grade School: FOREST ST

Middle School: CENTRAL

High School: CENTRAL

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Listing Details

412 S Valley Rd,City Of Orange Twp., NJ 07050-1323

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