579 Nassau St
City Of Orange Twp, NJ 07050
Price: $500,000
GSMLS: 4015238Type: Multi-Family
Style: 1-One Story, Under/Over
Total Units: 2
Beds: 4
Baths: 2 Full
Garage: No
Year Built: 1889
Acres: 0.06
Property Tax: $11,832
Description
Turnkey two-family investment opportunity in the heart of Orange's vibrant Valley Arts District fully renovated in 2021 and already generating strong income with additional upside.Each unit offers 2 bedrooms and 1 full bathroom, thoughtfully updated to blend modern convenience with clean, functional design. Both apartments feature stylish kitchens with stainless steel appliances (including dishwashers), in-unit stackable washer/dryers, and fully renovated bathrooms. Refinished hardwood floors and reconfigured layouts enhance flow and livability throughout.Major 2021 capital improvements include updated electrical and plumbing systems, new kitchens and baths, and the addition of individual mini-split systems in each unit for efficient heating and cooling keeping operating costs predictable and appealing to tenants.Both units enjoy access to a private back yard - a desirable feature in the neighborhood. Ideally situated just moments from local favorites including Libretti's and Hat City Kitchen, and approximately two blocks from Highland Place NJ Transit station, offering convenient access to NYC and surrounding areas.Financial Highlights:Current Monthly Income: $4,125Potential Rent Increase: Unit 1 currently listed at $2,250Monthly Operating Expenses: $1,373Net Operating Income (NOI): $33,024 annuallyA clean, income-producing asset with modern systems already in place ideal for investors or owner-occupants seeking low-maintenance ownership with strong fundamentals.
General Info
Style:
1-One Story, Under/Over
SqFt Building:
n/a
Total Rooms:
8
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Wood
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
Utilities:
Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
Utilities:
Owner Pays Water, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
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
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:
Multi-Zone
Heating Fuel:
Gas-Natural
Cooling:
Multi-Zone Cooling
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
City Of Orange Twp.
Neighborhood:
VALLEY ARTS
Financial Considerations
List Price:
$500,000
Tax Amount:
$11,832
Land Assessment:
$75,000
Build. Assessment:
$218,600
Total Assessment:
$293,600
Tax Rate:
4.03
Tax Year:
2025
Listing Information
MLS ID:
4015238
List Date:
03-18-2026
Days On Market:
0
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Katherine Elliott
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHomeHunter.com
