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196 Lafayette Street, Orange, NJ, 07050

4beds
2.1baths
0sqft
$699,000
--price/sqft
$5,256/moest. monthly cost
$210,240/yrincome needed

About This Home

Versatile mixed-use property zoned 4A Commercial featuring two residential units and an oversized garage/workspace with exceptional storage and functionality.The second-floor residence offers central air and heat, granite countertops, and a convenient hallway laundry closet with both gas and electric hookups.The first-floor rear unit is a stylish studio/loft apartment with a raised sleeping area and additional overhead storage space, maximizing both comfort and efficiency.The expansive garage features impressive 14-foot ceilings, a private bathroom, extensive storage shelving, and ample room for vehicles, equipment, workshop use, or commercial applications.Please note: the garage photo has been virtually staged while the space is being cleaned out. The provided images reflect the intended appearance and layout once completed.

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

2/10
Orange High SchoolGrades 9-120.4 mi
6/10

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2.1
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • See Remarks

Heating & Cooling

  • Heating features: Forced Air,See Remarks
  • Cooling features: Central Air,See Remarks

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1617039030000000080000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 2414 SF

Parking

  • Total spaces: 1
  • Parking features: See Remarks
  • Uncovered spaces: 1

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
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Cold Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $3,534$42,408
Home Insurance *$306$3,672
Property Taxes $1,223$14,676
Electricity $193$2,318
Total$5,256$63,072
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$180,205/yr
40% on housing$157,680/yr
45% on housing$140,160/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07050$277
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07050$346
Essex County$391

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

DateEventPrice
2026-05-12Price change$699,000
2026-03-26Listed for sale$750,000
2026-03-16Listing removed$750,000
2026-01-19Price change$750,000
2025-10-07Listed for sale$1,100,000

For Sale by Agent

AgentIsnavi Cordero
BrokerageRe/Max Select

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