227 N Center St Orange, NJ 07050
Estimated payment $5,205/month
Total Views
764
5
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Deck
- Privacy Fence
- Level Lot
About This Home
Fully renovated two-family home in Orange, NJ, offers a prime investment or owner-occupied opportunity with rental income potential. The property features 5 bedrooms, 3 bathrooms, a finished basement with a full bathroom, and a spacious garden ideal for entertaining and off-street parking. The first-floor vacant unit includes 2 beds, a modern kitchen with stainless steel appliances, granite worktops, wooden floors, an alarm system, and an open layout. The second-floor unit, currently tenant-occupied, has 3 bedrooms and is rented for $2,350, offering immediate rental income. Both units have central air and forced heat. Shared washer/dryer hookups are located in the basement along with storage space. Conveniently located near shopping, parks, schools, and public transportation with easy access to NYC. The seller may consider concessions for strong offers over the list price to assist with closing costs. Seller financing may be considered for offers exceeding $700K with a minimum 25% down payment, no exceptions, and a maximum 24-month term. Potential rental income ranges from $5,900 to $7,000 per month, making it a compelling investment for cash flow. Buyers should be pre-qualified for $19,700 in annual property taxes. The previous buyer was unable to close due to a change in financial circumstances and was under contract for $680K, presenting a renewed opportunity for serious buyers to secure a turnkey investment. Don't miss out on this chance.
Open House Schedule
-
Saturday, May 24, 20252:00 to 4:00 pm5/24/2025 2:00:00 PM +00:005/24/2025 4:00:00 PM +00:00Add to Calendar
-
Sunday, May 25, 20252:00 to 4:00 pm5/25/2025 2:00:00 PM +00:005/25/2025 4:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,700
Year Built
- Built in 1926 | Remodeled
Lot Details
- 4,162 Sq Ft Lot
- Privacy Fence
- Level Lot
Home Design
- Vinyl Siding
Interior Spaces
- Window Treatments
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Finished Basement
- Walk-Out Basement
- French Drain
Parking
- 2 Parking Spaces
- Common or Shared Parking
- Shared Driveway
- On-Street Parking
- Parking Lot
- Off-Street Parking
Outdoor Features
- Deck
Schools
- Cleveland Elementary School
- Lincoln Middle School
- Orange High School
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Multiple Heating Units
- Electric Water Heater
Community Details
- Net Operating Income $99,999
Listing and Financial Details
- Assessor Parcel Number 1617-01006-0000-00040-0000-
- Tax Block *
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 |
|---|---|---|---|---|
| 2024 | $9,944 | $266,800 | $84,100 | $182,700 |
| 2022 | $9,247 | $266,800 | $84,100 | $182,700 |
| 2021 | $8,323 | $144,000 | $50,200 | $93,800 |
| 2020 | $8,074 | $144,000 | $50,200 | $93,800 |
| 2019 | $7,654 | $144,000 | $50,200 | $93,800 |
| 2018 | $7,531 | $144,000 | $50,200 | $93,800 |
| 2017 | $7,013 | $144,000 | $50,200 | $93,800 |
| 2016 | $6,880 | $144,000 | $50,200 | $93,800 |
| 2015 | $6,700 | $144,000 | $50,200 | $93,800 |
| 2014 | $6,407 | $144,000 | $50,200 | $93,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2025 05/17/25 | For Sale | $639,500 | -- | -- |
Source: Garden State MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $80,000 | Lawyers Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $78,551 | FHA |
Source: Public Records
Similar Homes in Orange, NJ
-
$639,500
- 5 Beds
- 4 Baths
- 229 N Center St
- Orange, NJ
Fully renovated two-family home in Orange, NJ, offers a prime investment or owner-occupied opportunity with rental income potential. The property features 5 bedrooms, 3 bathrooms, a finished basement with a full bathroom, and a spacious garden ideal for entertaining and off-street parking. The first-floor vacant unit includes 2 beds, a modern kitchen with stainless steel appliances, granite
DARRELL BAILEY EXP Realty, LLC
-
$525,000
- 6 Beds
- 3.5 Baths
- 230 Duane St
- Orange, NJ
Legal 3 family house. Perfect for Investors or live on unit and rent the others, Property is being sold in AS-IS condition. Buyer responsible for CO certifications, repairs required by lender. SHARED DRIVEWAY / NO FHA / CONVENTIONAL. / HARD MONEY or CASH OFFERS PREFERRED
Yesika Marcano
-
$499,900
- 5 Beds
- 4 Baths
- 285 N Center St
- Orange, NJ
Check out this two-family with a bonus unit! In need of repairs: ideal for investors or FHA 203k. The property features spacious units with living rooms, dining rooms,2 spacious bedrooms, 2 car detached garage, plenty off street parking, and driveway that can park 3 cars. short driving distance to NJ Transit. Major highways,commuting to NYC is effortless,while right across a park,schools, and
PEVERLO BOISROND PREFERRED REALTY SERVICES LLC
-
$549,000
- 4 Beds
- 3.5 Baths
- 218 Cleveland St
- Orange, NJ
Spacious Legal Three-Family Home! 1st Floor: 4 rooms, 1 bedroom, Eat-in kitchen, Living room, Full bath 2nd Floor: 5 rooms, 2 bedrooms, Eat-in kitchen, Living room, 1.5 baths, 3rd Floor: 2 rooms, 1 bedroom, Kitchen, Living room, Full bath Discover the potential of this large three-family property nestled on a quiet, tree-lined street, perfect for investors or multi-generational living.
Frank Musarra EXP Realty, LLC
-
$589,000
- 6 Beds
- 3 Baths
- 214 Cleveland St
- Orange, NJ
Everything Old Is New Again. Fully Renovated 2 Family New Gas Hot Air (Easy To Add Central Air) New Floors, New Sheetrock, New Windows, 2 New Kitchens, 3 New Bathrooms, 2 New Hot Water Heaters, New CB Electric, New Roof
FRANCIS BUSBY LATTIMER REALTY
-
$525,000
- 5 Beds
- 3 Baths
- 209 Park Ave
- Orange, NJ
2 Family in the heart of Orange close to NJ Transit lines to NYC. Featuring a first floor with 2 bed, 1 bath, LivRoom and kitchen. Second floor with 3 bedrooms and 2 baths including the finish attic plus bonus room. This property is already an income producer and with a little TLC you can turn it into a reliable and highly profitable investment property. Sold strictly"AS-IS".
Rosa Stimmler NextHome Royal Lion Realty
-
$525,000
- 6 Beds
- 3 Baths
- 209 High St
- Orange, NJ
THIS 2 FAMILY DWELLING CONTAINS A TOTAL OF 6 BEDROOMS, 3 BATHS AND PARTIALLY FINISHED BASEMENT. 1ST FL CONSIST OF 2BR/1BA, 2ND UNIT IS MULTI-LEVEL (2/3RD FL) 4BR/1BA. BASEMENT IS PARTIALLY FINISHED W/1BA. SEPERATE UTILITIES AND AMPLE OFF STREET PARKING. LOCATED NEAR LOCAL BUS STOPS, NJ TRANSIT TRAIN, RT 280 & 78 AND GARDEN STATE PARKWAY. EZ COMMUTE TO NYC!
CHIQUITA RAY WEICHERT REALTORS
Source: Garden State MLS
MLS Number: 3963809
APN: 17-01006-0000-00041
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Nearby Homes