Property

City Of Orange Twp., NJ 07050 257 Mount Vernon Ave

Pending
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Presented By: EXP REALTY, LLC; 201-310-7000
  • MLS# 3983151
  • 08/25/2025
  • Request Tour
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  • Beds • 7
  • Baths • 4

Home Details

257 Mt. Vernon Avenue is a three-family residence in the City of Orange, NJ, offering a strong opportunity for investors or owner-occupants seeking rental income support. The property includes three separate dwelling units, each designed with its own kitchen, bathroom, living area, and bedrooms. With three rental streams available, this property provides potential for steady cash flow and long-term appreciation.The home is positioned on a residential block with convenient access to NJ Transit stations, including service to Newark, Hoboken, and New York City, making it highly desirable for tenants who commute. Major roadways such as I-280 and the Garden State Parkway are minutes away, further supporting rental demand. Local schools, shopping centers, and community services are nearby, providing accessibility and appeal for occupants.Each unit operates as an independent living space, and the property layout allows for flexibility of use. The structure and lot size are consistent with other multi-family residences in the area, and utilities are separately metered where applicable. Outdoor space is available for tenant use, and municipal services support the neighborhood.This three-unit property offers income-producing potential in an established Northern New Jersey rental market and is well-suited for investors seeking multi-family ownership with commuter accessibility and strong rental demand.
Presented By: EXP REALTY, LLC; 201-310-7000

Interior Features for 257 Mount Vernon Ave

Bedrooms

Total Bedrooms7
Unit 1 Beds Total3
Unit 2 Beds Total3
Unit 3 Beds Total1

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels3
UnitType1TotalRent2500
UnitType2TotalRent2600
UnitType3TotalRent1450
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipMicrowave Oven, Range/Oven - Gas, Refrigerator
Unit 2 Appl/EquipMicrowave Oven, Range/Oven - Gas, Refrigerator
Unit 3 Appl/EquipMicrowave Oven, Range/Oven - Gas, Refrigerator
BasementWalkout
Fuel TypeElectric, Gas-Natural

Other Rooms

Unit 2 Rooms6
Unit 1 Rooms6
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen, Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Kitchen, Living Room, Pantry

General for 257 Mount Vernon Ave

Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyEssex
DirectionsI280 to Mt Pleasant to GPS
DriveSee Remarks
EasementUnknown
ExclusionsPersonal Items
Full Baths4
Gross Income78600
Heating3 Units
Net Operating Income49300
Number Of Units Total3
Open Parking Spaces3
Operating Expense29300
Possession0-30
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount16789
Tax Assessed Value429400
Tax Lot14
Tax Year2024
Total Rooms13
Town #1617
TownshipCity Of Orange Twp.
UtilitiesElectric, Gas-Natural
Year Built1911

Exterior for 257 Mount Vernon Ave

Exterior DescriptionAluminum Siding
Lot Dimensions2500 SF
Lot FeaturesCorner
Lot Size Acres0.06
Water SourcePublic Water

Additional Details

Price History

Ebonie Clerier

Associate
Price $685,000
MLS#3983151
List Date 08/25/2025
Property Type Pending
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