For Sale

550 Norwood St,East Orange City, NJ 07018-1171

April 6, 2026

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.

Property ID:PT-48641032-AXZR

Offer Type:For Sale

Property Type:Single Family

Price: 599,900 $

Bedrooms:7

Bathrooms:3

Year Built:1925

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 7

Home Details

Total Baths: 3.00

Pool: No

Basement: Yes

Exterior Description: Wood

Garage Description: None

Number of Garage Spaces: 1

Style: Colonial

Acreage: 0.06

Appliances: Refrigerator

Basement Description: Full, Unfinished

Living Room Level: First

Dining Room Level: First

Kitchen Level: First

Family Room Level: First

Kitchen Area: Eat-In Kitchen

Number of Rooms: 10

YB/Desc: 1925 - Standing

Easement: Unknown

Parking/Driveway Description: None

Primary Style: Colonial

Block Identifier: 462

County Number: 16

Town Number: 1605

Possession: At Closing

Utilities

Heat Source: Electric

Water: Private

Taxes, Fees & Assessments

Ownership Type: Fee Simple

Tax ID For Property: 1605-00462-0000-00007-0000-

Tax Amount: $12,322.00

Tax Year: 2025

Tax Rate: 3.241%

Tax Rate Year: 2025

Land Assessment: $77,000.00

Building Assessment: $303,200.00

Total Assessment: $380,200.00

Community Living: No

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Listing Details

550 Norwood St,East Orange City, NJ 07018-1171

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