Listed by Prominent Properties, Prominent Properties | Sotheby's International Realty
$595,000
492 Conover Terrace
Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Acreage 0.150
Parking Spaces 10 spaces
Sale Condition 1031 exchange
Multifamily | 12 Units
Investment highlights
- 492 Conover Terrace represents a fully approved, shovel-ready multifamily development opportunity in the City of Orange, Essex County, New Jersey. The property is offered with Preliminary and Final Site Plan Approval in place for a 12-unit market-rate residential development, allowing a purchaser to proceed directly toward construction without zoning or entitlement risk.
- The site is located just minutes from the Orange NJ Transit train station, providing direct rail access to Newark, Hoboken, and New York City. This transit-oriented location supports strong and sustained rental demand, making the project highly attractive for developers seeking urban infill multifamily opportunities.
- Seller does not have construction drawings; buyer will be responsible for preparation of construction documents
- Total Units: 12 market-rate apartments
- 3 one-bedroom units
- 9 two-bedroom units
- Parking: 10 on-site parking spaces
- Building Features:
- Elevator service
- Covered first-floor parking
- Private balconies
- Efficient modern unit layouts
- Entitlements & Approvals
- Preliminary and Final Site Plan Approval granted
- Approved by Superior Court Order
- Memorialized by City of Orange Planning Board Resolution dated July 23, 2025
- Use permitted within zoning district
- Architectural plans prepared by AKT Designs
- Engineering and site plans prepared by Dresdner Robin
- Construction drawings not included; buyer to prepare construction documents
Listing Contacts
Listed by Prominent Properties, Prominent Properties | Sotheby's International Realty
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Zoning
R2 ResidentialTwo FamilyUrban One And Two Family Residential Zone
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View all 11 uses
View all 11 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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