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  • Property Type
  • Residential
  • 7
  • Bedrooms
  • 3
  • Bathrooms
Active

550 Norwood St , East Orange City, New Jersey 07018-1171

  • $574,900

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.

Address

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  • City: East Orange City
  • State/county: Essex

Details

Updated on April 30, 2026 at 2:07 pm
  • Property ID HZ4018204
  • Price $574,900
  • Bedrooms 7
  • Bathrooms 3
  • Property Type Residential
  • Property Status Active

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