271 Mount Vernon Ave
City Of Orange Twp, NJ 07050
Price: $510,000
GSMLS: 4000904Type: Multi-Family
Style: Triplex
Total Units: 3
Beds: 5
Baths: 3 Full
Garage: 1-Car
Year Built: 1889
Acres: 0.11
Property Tax: $13,630
Description
Excellent investment opportunity! This 3-family property offers immediate income, strong value-add potential, and full flexibility for both investors and future owner-occupants.The building features:Unit 1: 2 bedrooms, 1 bathroomUnit 2: 2 bedrooms, 1 bathroomUnit 3: 1 bedroom, 1 bathroom currently occupied and generating incomeAll utilities are fully separated, making management simple and cost-efficient. Property is being sold strictly as-is, giving buyers the opportunity to renovate, customize, or reposition the building to fit their strategy.This property also works perfectly for a house hack: move into one of the two vacant 2-bed units and let the other two units help cover the mortgage. Whether you're an investor seeking cash flow or a buyer looking to offset housing costs, this 3-family offers outstanding upside and long-term value.A rare chance to own a multi-family with built-in income and multiple exit strategies.
General Info
Style:
Triplex
SqFt Building:
n/a
Total Rooms:
17
Basement:
Yes - Finished-Partially
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
1-Car
Description:
Detached Garage
Parking:
2 Car Width
Spaces Available:
6
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
CLEVELAND
Middle:
ORANGE
High School:
ORANGE
Community Information
County:
Essex
Town:
City Of Orange Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$510,000
Tax Amount:
$13,630
Land Assessment:
$95,000
Build. Assessment:
$253,600
Total Assessment:
$348,600
Tax Rate:
3.91
Tax Year:
2024
Listing Information
MLS ID:
4000904
List Date:
12-08-2025
Days On Market:
33
Listing Broker:
YOUR TOWN REALTY
Listing Agent:
Ronnie Glomb
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: EdenLaneLiving.com
