553 S Orange Ave, Newark, NJ, 07103
About This Home
EXCEPTIONAL 2-FAMILY HOME IN NEWARK!!! This beautifully upgraded multi-family residence is ideal for both investors and owner-occupants seeking a move-in-ready, income-generating property in a vibrant and accessible Newark neighborhood. Unit 1 spans two levels, occupying the first floor and finished basement. The main level offers two well-sized bedrooms one featuring charming bay windows and a fully renovated bathroom. The modern kitchen boasts quartz countertops, updated appliances, a spacious dining area, and direct access to the backyard. The lower level includes two additional bedroom areas, a second full bathroom, and another access point to the backyard. Unit 2 has its own entrance leading to the second floor. This unit includes a bedroom area with bay windows, plus two more generously sized bedrooms. A nicely renovated full bathroom and an updated kitchen with dining area and backyard access complete the layout. Additional highlights include elegant moldings, updated flooring, modern plumbing, and thoughtful design touches throughout. Both units feature front and rear entrances, enhancing convenience and privacy. Located just steps from public transportation and within blocks of parks, schools, shops, and restaurants. Whether you're looking to live in one unit and rent the other, or add a high-quality property to your investment portfolio, this is an opportunity not to be missed. SCHEDULE YOUR PRIVATE TOUR TODAY!
Getting Around
Somewhat Walkable
Good Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Flat
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 2022
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Kitchen,Living/Dining Room
Heating & Cooling
- Heating features: 2 Units,Natural Gas
- Cooling features: See Remarks
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 1614017890000000290000
- Exclusions: Tenants appliances and belongings.
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 25 x 100
Parking
- Parking features: On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance * | $424 | $5,088 |
| Property Taxes | $1,049 | $12,588 |
| Electricity | $193 | $2,318 |
| Total | $4,699 | $56,388 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-16 | Listed for sale | $599,999 |
| 2026-02-13 | Listing removed | $648,000 |
| 2025-08-05 | Listed for sale | $648,000 |
| 2023-01-11 | Sold | $445,000 |
| 2022-11-16 | Pending sale | $454,999 |
| 2022-09-07 | Listed for sale | $454,999 |
| 2022-06-13 | Sold | $215,000 |
| 2000-02-08 | Sold | $49,000 |
For Sale by Agent
View on Zillow