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45 Freeman Street, West Orange, NJ, 07052

1beds
1baths
1,579sqft
$899,999
$570price/sqft
$6,567/moest. monthly cost
$262,680/yrincome needed

About This Home

Dillons Tavern New to the market. Well established Tavern with package good liquor license, kitchen, real estate with large residential apartment included. Don't miss your chance to own a beloved neighborhood destination with authentic charm and growth potential. Dillons Tavern has proudly served the West Orange Valley community for more than four decades. Known for its welcoming atmosphere and loyal following, it's become a go-to gathering spot for locals and sports enthusiasts. Everyone is welcome at Dillons. Operating continuously with a proven track record, this turnkey operation offers both immediate cash flow and long-term asset appreciation. It is situated in the Valley Arts District, a 15-block area straddling Orange and West Orange, a vibrant area area straddling Orange and West Orange, a vibrant area known for its walkability and proximity to local amenities, and just two short blocks from the New York Mid-town Direct Train. This Tavern has over 250 new apartments as its neighbor and additional new residential units planned. This area is booming and a perfect opportunity for experienced hands-on operator to dramatically increase business. The current owners are seeking retirement, creating a rare opportunity for the next operator to step into a turnkey business with deep local roots and a growing commercial and residential area ripe for new growth. Key Assets Included: " Prime real estate ownership - valuable property asset included in sale " Active NJ liquor license Bar and package goods - a significant barrier to entry worth substantial value " Fully equipped kitchen - ready for immediate operation " Complete bar setup - no additional equipment investment required " Furniture, Fixture & Equipment (FF&E) Included in sale DETAILED INFORMATION Location - West Orange, New Jersey Inventory - Not Included in asking price Real Estate - Owned Facilities - Bar, backyard and residential apartment

Getting Around

84
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

8/10
6/10
Roosevelt Middle SchoolGrades 7-80.5 mi
6/10
West Orange High SchoolGrades 9-122.8 mi

Construction

Condition

  • Year built: 1921

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Radiant
  • Cooling features: Multi Units

Interior Area

  • Total structure area: 1,579
  • Total interior livable area: 1,579 sqft

Property

Details

  • Parcel number: 22000410300077
  • Zoning description: Multi-Family, Commercial
  • Exclusions: Inventory

Features

  • Stories: 2
  • Exterior features: Lighting

Lot

  • Lot size: 7,405 sqft
  • Lot size dimensions: 50 x 150

Parking

  • Parking features: Off Street,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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Strong Wind
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 $4,550$54,600
Home Insurance *$250$3,000
Property Taxes $1,574$18,888
Electricity $193$2,318
Total$6,567$78,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$225,154/yr
40% on housing$197,010/yr
45% on housing$175,120/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

$570This listing

vs Other Active Listings

Avg $/sqft

ZIP 07052$377
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07052$370
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
2026-05-13Price change$899,999
2026-05-11Price change$999,999
2026-01-08Listed for sale$1,100,000

For Sale by Agent

AgentAnthony Conselice
BrokerageArthur Rue Agency

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