For Multi Family

92 Riggs Pl,West Orange Twp., NJ 07052-5243

December 31, 2025

Prime investment Alert!! Unique opportunity to own a 4 family home, fully leased with long term tenants each on separate leases for maximum stability. Rear parking provides additional appeal for tenants and future resale value. Ideally situated in a highly desirable area-this income producing asset is a rare find.

Property ID:PT-22801632-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 725,000 $

Bedrooms:4

Year Built:1921

Listing Details

Status: Active

Location

County: Essex

Lotsize: 35X125

Lot Identifier: 38

Lot Description: Level Lot

Lot Identifier: 38

Home Details

Open Parking: 4

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.10

Total Baths: 4.00

Unit Style: Fourplex

Number of Units: 4

Rooms: 16

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Flat

Possesion: P O T

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 1

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Lease Expire: 2026-06-01

Unit 1 Rent: 1110

Unit 1 Room Description: Dining Room, Kitchen, Living Room, Master Bedroom

Unit 1 Security Deposit: 1537

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 1

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Lease Expire: 2026-01-01

Unit 2 Rent: 1265

Unit 2 Room Description: Dining Room, Kitchen, Living Room, Master Bedroom

Unit 2 Security Deposit: 1540

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Lease Expire: 2026-07-01

Unit 3 Rent: 1280

Unit 3 Room Description: Dining Room, Kitchen, Living Room, Master Bedroom

Unit 3 Security Deposit: 1540

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 4 Levels: 1

Unit 4 Rooms: 4

Unit 4 Beds: 1

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Lease Expire: 2026-03-01

Unit 4 Rent: 1280

Unit 4 Room Description: Dining Room, Kitchen, Living Room, Master Bedroom

Unit 4 Security Deposit: 1540

Block Identifier: 22

County Number: 16

Town Number: 1622

YB/Desc: 1921 - Approximate

Easement: Unknown

Parking/Driveway Description: Gravel, On-Street Parking

Block Identifier: 22

County Number: 16

Town Number: 1622

Possession: P O T

Taxes, Fees & Assessments

Gross Operating Income: 59460

Net Operating Income: 34051

Expense Include: Hot & Cold Water, Insurance, Taxes

Warranty: No

Tax ID For Property: 1622-00022-0000-00038-0000-

Tax Amount: $14,052.00

Tax Year: 2024

Tax Rate: 4.684%

Tax Rate Year: 2024

Farm Assessment: No

Land Assessment: $206,300.00

Building Assessment: $445,700.00

Total Assessment: $652,000.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: Radiators - Hot Water

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Services: Cable TV Available, Garbage Included

Schools

Grade School: HAZEL AVE

Middle School: ROOSEVELT

High School: W ORANGE

Blinds
Carbon Monoxide Detector
Curbs
Fire Extinguisher
Open Porch(es)
Sidewalk
Smoke Detector
Tile Floors
Wood Floors

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Listing Details

92 Riggs Pl,West Orange Twp., NJ 07052-5243

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