Home for Sale at 550 Norwood St in East Orange City, NJ for $574,900

Listing data updated April 22, 2026 - 10:49pm
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550 Norwood St | East Orange City

$574,900 | 7 Beds | 3 Baths (3 Full)

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. GSMLS 4018204

Directions to property: Located in the Elmwood neighborhood of East Orange, near the Garden State Parkway and Park Ave.

MLS Listing ID: 
GSMLS 4018204
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$574,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Detached
Primary Market Area: 
East Orange City
Address: 
550 Norwood St, East Orange City, NJ 07018-1171, U.S.A.
County: 
Essex
Latitude: 
40.7471700
Longitude: 
-74.2277400
Directions: 
Located in the Elmwood neighborhood of East Orange, near the Garden State Parkway and Park Ave.
Public Remarks: 
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.
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Year Built: 
1925
New Construction: 
0
Basement: 
Full, Unfinished
Fireplaces: 
No
Construction
Roof: 
See Remarks
Exterior: 
Wood
Energy Information: 
See Remarks
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
10
Total Bedrooms: 
7
Total Bathrooms: 
3
Total Full-Bathrooms: 
3
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Heating System Fuel: 
Electric
Cooling System: 
See Remarks
Water Source: 
Private
Sewer: 
See Remarks
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
25X100
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Total Parking Spaces: 
0
Garage: 
None
Pool: 
No
Fence: 
No
Public Record
Parcel Number: 
1605-00462-0000-00007-0000-
Lot Number: 
7
Annual Tax: 
$12,322.00
Contract Details
Details about the listing contract.
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP REALTY, LLC

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