550 Norwood St, East Orange, NJ 07018
Local realty services provided by:Better Homes and Gardens Real Estate PorchLight Properties
550 Norwood St,East Orange City, NJ 07018
$599,900
- 7 Beds
- 3 Baths
- - sq. ft.
- Single family
- Active
Listed by: michael dente
Office: exp realty, llc.
MLS#:4018204
Source:NJ_GSMLS
Price summary
- Price:$599,900
About this home
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....
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Home facts
- Year built:1925
- Listing ID #:4018204
- Added:1 day(s) ago
- Updated:April 03, 2026 at 09:57 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:10
- Dining Description:On First Floor
- Kitchen Description:Eat-In Kitchen, Refrigerator
- Basement Description:Basement, Full, Unfinished
Structure and exterior
- Year built:1925
- Lot area:0.06 Acres
- Architectural Style:Colonial
- Construction Materials:Wood
Utilities
- Water:Private
Finances and disclosures
- Price:$599,900
- Tax amount:$12,322 (2025)
Features and amenities
- Appliances:Refrigerator
Parking
- Garage spaces:1
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