497 Lincoln Pl, Orange, NJ 07050

5 beds, 4 baths, 2,496 sqft
For Sale by Owner
$299,900
Price cut: -$25,100 (6/21)
Zestimate®: $276,587
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My Notes
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Triplex for sale by owner in Orange, NJ 07050. POSITIVE INCOME. $325,000 FOR SALE BY OWNER INVESTOR'S DELIGHT! $3,000 IN RENTAL INCOME EACH MONTH! A very well-maintained charming legal 3-family house on nice block near Seven Oaks in Orange (Essex County), NJ. Convenient to train station, bus stop, laundromats, and stores. All 3-units are fully rented with quiet tenants and makes rent payments on time. 1st floor - living room with lots of windows, refinished hardwood floors, 2 big bedrooms, eat-in kitchen, bathroom with shower over tub 2nd floor - living room with lots of windows, refinished hardwood floors, 2 big bedrooms, eat-in kitchen with dishwasher, bathroom with shower over tub 3rd floor, - living room, 1 bedroom, alcove kitchen, bathroom with shower over tub Basement - semi-finished with 2 separate rooms, full bath with shower, kitchen area, utility room with exterior access. Brand new roof. Gas furnaces for 1st and 2nd floors are 3 years old. New water heaters. 3rd floor electric heat.
Neighborhood Description
Bus stop, train station, supermarket, stores, laundromat, highways, and much more. Close to South Orange and West Orange borders. Close to Seven Oaks in Orange. Close to Seton Hall University.
 
What I love about the home
Over $3000 monthly income with potentially more when leases to be renewed. Best deal in town before real estate prices and interest rate go up again.
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Facts
  • Lot: 4,748 sqft
  • Multi Family
  • Built in 1904
  • 143 days on Zillow
  • Heating: Baseboard, Other
  • Last sold: Jul 2008 for $40,000
  • Price/sqft: $120
Features
  • Cable Ready
  • Ceiling Fan
  • Double Pane/Storm Windows
  • Fenced Yard
  • Flooring: Hardwood, Linoleum / Vinyl, Tile
  • Partial basement
Appliances Included
  • Dishwasher
  • Range / Oven
  • Refrigerator
Construction
  • Exterior material: Vinyl
  • Roof type: Asphalt
  • Room count: 11
  • # Stories: 3.0
  • Structure type: Other
  • Unit count: 3
Other
  • Floor size: 2,496 sqft
  • Heating: Gas
  • Last remodel year: 2010
  • Lot depth: 95
  • Lot width: 50
  • Parcel #: 1705902000000021
  • Unit floor #: 3
  • Zillow Home ID: 38727718
Home Values
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A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$276,587
-$3,013 Last 30 daysd
$230K
$324K
Zestimate range
Rent Zestimate What's this?
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,675/mo
-$66 Last 30 daysd
$1.3K
$2.8K
Zestimate range
Owner estimate:
Posted on 05/29/2012
Money maker!! Income pays for mortgage or live for free. Utilities all newly replaced, Sit back and collect rent with very good tenants. Buy now before interest rate goes up.

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Neighborhood for 497 Lincoln Pl

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Zillow predicts 07050 home values will fall 3.8% next year, compared to a 3.8% fall for Orange as a whole. Among 07050 homes, this home is 65.1% more expensive than the midpoint (median) home, and is priced 18.8% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 07050 market, the number of foreclosures waiting to be sold decreased 8.7% in the last year. The number of unsold foreclosures is exactly the same as for Orange, and 76.1% less than the national average.

Learn more about forecast calculations or 07050 home values.
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