550 Norwood St
East Orange City, NJ 07018
Price: $599,900
GSMLS: 4018204Type: Single Family
Style: Colonial
Beds: 7
Baths: 3 Full
Garage: 1-Car
Year Built: 1925
Acres: 0.06
Property Tax: $12,322
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.
Rooms Sizes
Kitchen:
First
Dining Room:
First
Living Room:
First
Family Room:
First
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
n/a
Ground:
n/a
Level 1:
n/a
Level 2:
n/a
Level 3:
n/a
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
n/a
Year Renovated:
n/a
Basement:
Yes - Full, Unfinished
Full Baths:
3
Half Baths:
0
Appliances:
Refrigerator
Flooring:
n/a
Fireplaces:
No
Fireplace:
n/a
Interior:
n/a
Exterior Features
Garage Space:
1-Car
Garage:
None
Driveway:
None
Roof:
See Remarks
Exterior:
Wood
Swimming Pool:
No
Pool:
n/a
Utilities
Heating System:
See Remarks
Heating Source:
Electric
Cooling:
See Remarks
Water Heater:
n/a
Water:
Private
Sewer:
See Remarks
Services:
n/a
Lot Features
Acres:
0.06
Lot Dimensions:
25X100
Lot Features:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
East Orange City
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$599,900
Tax Amount:
$12,322
Land Assessment:
$77,000
Build. Assessment:
$303,200
Total Assessment:
$380,200
Tax Rate:
3.24
Tax Year:
2025
Ownership Type:
Fee Simple
Listing Information
MLS ID:
4018204
List Date:
04-02-2026
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Michael Dente
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
