550 Norwood St, East Orange City, NJ 07018
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550 Norwood St, East Orange City, NJ 07018
550 Norwood St, East Orange City, NJ 07018
550 Norwood St, East Orange City, NJ 07018
550 Norwood St, East Orange City, NJ 07018
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Eric DeSilva

Eric DeSilva

+1(973) 542-9302
$ 574,900
Est. payment /mo
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Under Contract

550 Norwood St East Orange City, NJ 07018

7 Beds

3 Baths

2,613 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 4018204

Style Colonial

Bedrooms 7

Full Baths 3

HOA Y/N No

Year Built 1925

Annual Tax Amount $12,322

Tax Year 2025

Lot Size 2,613 Sqft

Property Sub-Type Single Family

Property 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.

Location

State NJ

County Essex

Rooms

Basement Full, Unfinished

Kitchen Eat-In Kitchen

Interior

Heating Electric

Cooling See Remarks

Heat Source Electric

Exterior

Exterior Feature Wood

Parking Features None

Garage Spaces 1.0

Utilities Available See Remarks

Roof Type See Remarks

Private Pool No

Building

Sewer See Remarks

Water Private

Architectural Style Colonial

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC

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550 Norwood St

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