481 William St, East Orange, NJ 07017 - Photo 1

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$4,299,000 Just Listed

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Apartment

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Property Description

This superb investment FOUR story brick 26 UNIT building offering 15 one bedroom units and 11 two bedroom units is nestled in prime location, surrounded by many new constructions as large redevelopments are happening very quickly in this vicinity. Property is well maintained. Boiler and hot water heater under 5 years old. Elevator 2006, roof redone multiple times since ownership, last update 2018. Most rentals are below market value and have much more potential. 4 units are in process of renovation, will be rented during contract at new market value. ALL units have been renovated in full 20 years ago, and many were renovated prior to getting re-rented. All units are in great condition. Super on premises. Security cameras are all in place and included in the sale. Located few mins from the train station and nestled between the Garden State Parkway and Route 280, super convenient! Most rentals are below market value. The current income is great, and the potential income is hard to pass! Call for details.

Full Property Details

Full Property Details for 481 William St

General

Price: $4,299,000
Taxes: $81,277 (2025)
Status: Active
Type: Apartment
Source: Garden_State
MLS ID: 4014919
Updated: 3/17/2026
Added to Site: 3 day(s) ago

Business

Includes: Building & Land

Rooms

Bathrooms

Total Bathrooms: 26
Restrooms: 27

Additional Information

Equipment: Appliances, Fire Alarm, Fixtures, Passenger Elevator(s), Security System, See Remarks, Smoke Detector, Storage Area(s)

Exterior

Color: Brick

Parking

Parking: None

Location

County: Essex
Driving Directions: Nestled between Route 280 AND the Garden State Parkway. Main Street to Ashland to William or Park Ave to N Clinton or Lincoln to William.
Location Details: Freestanding, Residential Area, See Remarks

Heating & Cooling

Cooling Type: See Remarks
Heating Type: 1 Unit
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas

Structural Information

Construction: Brick/Block, Wood
Exterior Const.: Brick/Block
Basement: Yes
Basement Desc.: Finished-Partially, Full
Roof: Flat
Loading: None
Stories in Building: 4
Year Built: 1955
Remodeled/Updated: 2006

Unit Information

1 Bedroom Units: 15
2 Bedroom Units: 11
Units w/Full Bath: 26

Lot Features

Lot Size (Acres): 0.19
Lot Size: 55X149
Zoning: Residential

Financial Considerations

Expenses: Electricity, Gas/Oil, Insurance, Maintenance - Exterior, Maintenance - Interior, Payroll, Taxes, Water/Sewer
Assessment Amount: $2,507,800
Land Assmt: $676,000
Tax Amount: $81,277
Tax Year: 2025
Pays Utilities: Landlord

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Financial Statement, Income & Expenses, See Remarks
APN: 1605-00540-0001-00026-0000-
Block: 540.01
Lot Number: 26

Listed by Keller Williams Prosperity Realty

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— 481 William St —

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973-696-0077

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Schools

Schools serving 481 William St

School District:East Orange City School District

Name	Grades	Distance
Althea Gibson E C E Acd 490 William Street, East Orange, NJ 07017	PK-K	0.1 mi
Cicely Tyson Com Elementary School 45 North Arlington Avenue, East Orange, NJ 07017	PK-5	0.3 mi
Wahlstrom Early Chld Academy 340 Prospect Street, East Orange, NJ 07017	PK-K	0.8 mi
Cicely Tyson Middle/High School 35 Winans Street, East Orange, NJ 07017	6-12	0.2 mi
John L Costley Middle School 116 Hamilton Street, East Orange, NJ 07017	6-8	0.5 mi
Patrick F Healy Middle School 116 Hamilton Street, East Orange, NJ 07017	6-8	0.5 mi
East Orange Campus High School 344 Prospect Street, East Orange, NJ 07017	9-12	0.8 mi
Sojourner Truth Middle School 116 Hamilton Street, East Orange, NJ 07017	6-8	0.5 mi
East Orange STEM Academy 129 Renshaw Avenue, East Orange, NJ 07017	6-12	0.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 481 William St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/17/2026

Listed

$4,299,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 481 William St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$78,770

$2,507,800

—

2022

$72,877

34%

$2,507,800

—

2021

$54,252

—

$2,507,800

156%

2021

$54,252

$979,100

—

2019

$52,871

$979,100

—

2018

$52,215

$979,100

—

2017

$50,757

$979,100

—

2016

$49,963

$979,100

—

2015

$48,740

$979,100

—

2014

$48,054

—

$979,100

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 481 William St

481 William St, East Orange, NJ 07017 (MLS# 4014919) is a Apartment property. 481 William St is currently listed for $4,299,000 and was received on March 17, 2026. Want to learn more about 481 William St? Do you have questions about finding other Apartment real estate for sale in East Orange? You can browse all East Orange real estate or contact a Coldwell Banker agent to request more information.

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481 William St East Orange, NJ 07017