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$510,000
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Property Description
Excellent investment opportunity! This 3-family property offers immediate income, strong value-add potential, and full flexibility for both investors and future owner-occupants.The building features:Unit 1: 2 bedrooms, 1 bathroomUnit 2: 2 bedrooms, 1 bathroomUnit 3: 1 bedroom, 1 bathroom currently occupied and generating incomeAll utilities are fully separated, making management simple and cost-efficient. Property is being sold strictly as-is, giving buyers the opportunity to renovate, customize, or reposition the building to fit their strategy.This property also works perfectly for a house hack: move into one of the two vacant 2-bed units and let the other two units help cover the mortgage. Whether you're an investor seeking cash flow or a buyer looking to offset housing costs, this 3-family offers outstanding upside and long-term value.A rare chance to own a multi-family with built-in income and multiple exit strategies.
Full Property Details
Full Property Details for 271 Mt Vernon Ave
General
- Price: $510,000
- Taxes: $13,630 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4000904
- Updated: 12/9/2025
- Added to Site: 39 day(s) ago
Interior
- Number of Rooms: 17
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Deck
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Turn left onto Main St, then right onto MtVernon Ave. Continue 0.2 miles the home will be on your right.
School Information
- Elementary School: CLEVELAND
- Middle School: ORANGE
- High School: ORANGE
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: Triplex
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles
- Year Built: 1889
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, See Remarks
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, See Remarks
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, See Remarks
- Square Feet: 900
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 5000 SF
- Driveway/Sidewalk: 2 Car Width
Financial Considerations
- Assessment Amount: $253,600
- Land Assmt: $95,000
- Tax Amount: $13,630
- Tax Year: 2024
Disclosures and Reports
- Disclosures: Yes
- Block: 1202
- Lot Number: 9
Listed by Your Town Realty
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Schools
Schools serving 271 Mt Vernon Ave
School District:Orange City Township School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 271 Mt Vernon Ave
Date
Details
Price
Change
Source
12/08/2025
Listed
$510,000
94.66%
MLS
7/23/2004
Sold
$262,000
—
Public Record
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 271 Mt Vernon Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,630
13%
$348,600
—
2022
$12,082
22%
$348,600
—
2021
$9,878
—
$348,600
104%
2021
$9,878
11%
$170,900
—
2018
$8,938
7%
$170,900
—
2017
$8,323
-8%
$170,900
—
2019
$9,083
11%
$170,900
—
2016
$8,166
3%
$170,900
—
2015
$7,952
-27%
$170,900
—
2013
$10,878
—
$170,900
—
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 271 Mt Vernon Ave
271 Mount Vernon Ave, Orange, NJ 07050 (MLS# 4000904) is a Multi-Family property with 3 units containing 5 bedrooms and 3 full bathrooms. 271 Mount Vernon Ave is currently listed for $510,000 and was received on December 08, 2025. Want to learn more about 271 Mount Vernon Ave? Do you have questions about finding other Multi-Family real estate for sale in Orange? You can browse all Orange real estate or contact a Coldwell Banker agent to request more information.

