160 Pierson St Orange, NJ 07050
Estimated payment $3,572/month
About This Home
Renovated 2-Family Home in Booming Orange, NJ " Great Investment Opportunity! This 2-family property is a nice investment in the heart of Orange, NJ a community experiencing rapid growth and revitalization. Both units were renovated 5 years ago offering modern living spaces with excellent long-term potential. One unit is currently tenant-occupied with a lease in place through February 2026, providing immediate rental income. Current rents are below market value, leaving room for increased returns over time. Each unit has separate utilities, and shared access to washer/dryer hookups in the basement. The property features a large, fenced-in backyard, perfect for tenants or owner-occupants looking to enjoy outdoor space. Located just minutes from Route 280 and NJ Transit trains, commuting to NYC is a breeze. Orange is a commuter-friendly town with a vibrant arts district, historic architecture, and close proximity to South Orange, West Orange, and Montclair. A great opportunity to invest in an up-and-coming area with strong rental demand!
Listing Agent
FRANCINE LICHTMAN
HEARTH REALTY GROUP Brokerage Phone: 646-734-3718 Listed on: 08/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,875
Year Built
- Built in 1896
Lot Details
- 2,500 Sq Ft Lot
- Fenced
- Level Lot
Parking
- On-Street Parking
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Schools
- Orange High School
Utilities
- Window Unit Cooling System
- Standard Electricity
- Gas Water Heater
Additional Features
- Unfinished Basement
Community Details
- 1,500 Sq Ft Building
Listing and Financial Details
- Assessor Parcel Number 1617-03403-0000-00014-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,273 | $329,300 | $90,000 | $239,300 |
| 2024 | $12,273 | $329,300 | $90,000 | $239,300 |
| 2022 | $11,414 | $329,300 | $90,000 | $239,300 |
| 2021 | $11,069 | $191,500 | $32,500 | $159,000 |
| 2020 | $7,945 | $141,700 | $32,500 | $109,200 |
| 2019 | $7,531 | $141,700 | $32,500 | $109,200 |
| 2018 | $7,411 | $141,700 | $32,500 | $109,200 |
| 2017 | $6,901 | $141,700 | $32,500 | $109,200 |
| 2016 | $6,770 | $141,700 | $32,500 | $109,200 |
| 2015 | $6,593 | $141,700 | $32,500 | $109,200 |
| 2014 | $6,304 | $141,700 | $32,500 | $109,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Pending | -- | -- | -- |
| 08/11/2025 08/11/25 | For Sale | $469,000 | +34.0% | $313 / Sq Ft |
| 06/04/2021 06/04/21 | Sold | $350,000 | 0.0% | $185 / Sq Ft |
| 03/08/2021 03/08/21 | Pending | -- | -- | -- |
| 02/03/2021 02/03/21 | For Sale | $350,000 | +293.3% | $185 / Sq Ft |
| 10/01/2018 10/01/18 | Sold | $89,000 | 0.0% | $47 / Sq Ft |
| 07/03/2018 07/03/18 | Pending | -- | -- | -- |
| 06/25/2018 06/25/18 | For Sale | $89,000 | +35.9% | $47 / Sq Ft |
| 08/30/2017 08/30/17 | Sold | $65,500 | 0.0% | $35 / Sq Ft |
| 07/18/2017 07/18/17 | Pending | -- | -- | -- |
| 06/29/2017 06/29/17 | For Sale | $65,500 | -- | $35 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $350,000 | Commonwealth Land Title | |
| Deed | $89,000 | -- | |
| Deed | $65,500 | -- | |
| Deed | $28,000 | 1St Rate Title&Settlement | |
| Bargain Sale Deed | -- | None Available | |
| Deed | $190,000 | -- | |
| Deed | $121,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $343,660 | FHA | |
| Previous Owner | $217,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $164,650 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $75,000 | Purchase Money Mortgage | |
| Previous Owner | $276,000 | Credit Line Revolving | |
| Previous Owner | $180,500 | No Value Available | |
| Previous Owner | $102,850 | No Value Available |
Source: Garden State MLS
MLS Number: 3980606
APN: 17-03403-0000-00014
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