579 Nassau St City of Orange Twp., NJ 07050
Listing Courtesy of: GARDEN STATE MLS - IDX / Coldwell Banker Realty / Katherine "Kate" Elliott - Contact:  646-662-6655

  579 Nassau St City of Orange Twp., NJ 07050

Active (1 Days)
$500,000 (USD)
4
BED
2
BATH

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.

MLS #:
4015238
Taxes
$11,832(2025)
Lot Size
2,614 SQFT
Type
Multifamily
Year Built
1889
County
Essex County

Listed By

Katherine "Kate" Elliott, Coldwell Banker Realty, Contact: 646-662-6655
Source
GARDEN STATE MLS - IDX
Last checked Mar 19 2026 at 10:31 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Carbon Monoxide Detector
  • Smoke Detector
  • Fire Extinguisher
  • Wood Floors
  • Vinyl-Linoleum Floors
  • High Ceilings
Subdivision
  • Valley Arts
Heating and Cooling
  • Multi-Zone
  • Multi-Zone Cooling
Basement Information
  • Unfinished
Exterior Features
  • Wood
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Gas-Natural, Public Water
  • Sewer: Public Sewer
  • Fuel: Gas-Natural
Garage
  • None
Parking
  • On-Street Parking
Additional Information: Maplewood | 646-662-6655
Location
   
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