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$ 685,000
Est. payment | /mo
7 Beds
3 Baths
2,613 Sqft Lot
$ 685,000
Est. payment | /mo
7 Beds
3 Baths
2,613 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 3983151
Style 3-Three Story
Bedrooms 7
Full Baths 3
Year Built 1911
Annual Tax Amount $16,789
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
257 Mt. Vernon Avenue is a three-family residence in the City of Orange, NJ, offering a strong opportunity for investors or owner-occupants seeking rental income support. The property includes three separate dwelling units, each designed with its own kitchen, bathroom, living area, and bedrooms. With three rental streams available, this property provides potential for steady cash flow and long-term appreciation.The home is positioned on a residential block with convenient access to NJ Transit stations, including service to Newark, Hoboken, and New York City, making it highly desirable for tenants who commute. Major roadways such as I-280 and the Garden State Parkway are minutes away, further supporting rental demand. Local schools, shopping centers, and community services are nearby, providing accessibility and appeal for occupants.Each unit operates as an independent living space, and the property layout allows for flexibility of use. The structure and lot size are consistent with other multi-family residences in the area, and utilities are separately metered where applicable. Outdoor space is available for tenant use, and municipal services support the neighborhood.This three-unit property offers income-producing potential in an established Northern New Jersey rental market and is well-suited for investors seeking multi-family ownership with commuter accessibility and strong rental demand.
Location
State NJ
County Essex
Rooms
Basement Walkout
Interior
Heating Electric, Gas-Natural
Cooling Window A/C(s)
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by EXP REALTY, LLC
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Carl & Linda Lordi
Broker Associate | Lic# 0233785 | 0228971