Investor / Builder Special in Rutherford. A 6-unit residential new construction project being sold at end of framing stage with framing complete, roof installed, windows in, house wrap done, and plumbing rough started. Each unit is designed as 2 Bed / 2 Bath (~1,250 SF each) with rear parking for 12 cars and EV charger setup. Prime commuter location just a few blocks to the Rutherford train station and directly in front of a bus line to NYC. Offered at $2,500,000 as-is with approximately $1M needed to complete and a projected after-built value of ~$4,000,000, creating substantial built-in equity and upside potential. Step into a nearly vertical build and finish with instant value. Builder is willing to complete construction for the new owner. Plans and approvals available — serious investors, developers, and 1031 exchange buyers only.
For sale
$2,500,000
223 Orient Way, Rutherford, NJ 07070
12beds
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Plumbing rough startedEv charger setupWindows inHouse wrap doneRoof installed
- 3 days |
- 1,546 |
- 42 |
Zillow last checked: 8 hours ago
Listing updated: February 17, 2026 at 03:43am
Listed by:
Hamed Kazerani 201-893-5135,
Real
Source: NJMLS,MLS#: 26005208
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
- Full bathrooms: 12
Appliances
- Laundry: In Unit
Property
Details
- Parcel number: 5600152000000011
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected
Community & HOA
Location
- Region: Rutherford
Financial & listing details
- Tax assessed value: $575,300
- Annual tax amount: $50,000
- Date on market: 2/16/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2026 | Listed for sale | $2,500,000+316.7% |
Source:  NJMLS #26005208 Report a problem | ||
| 6/24/2022 | Sold | $600,000+4.3% |
Source: NJMLS #21012916 Report a problem | ||
| 3/16/2022 | Pending sale | $575,000 |
Source: NJMLS #21012916 Report a problem | ||
| 3/15/2022 | Listed for sale | $575,000 |
Source: NJMLS #21012916 Report a problem | ||
| 4/16/2021 | Listing removed | -- |
Source:  New Jersey Multiple Listing Service, Inc Report a problem | ||
| 4/10/2021 | Listed for sale | $575,000+98.3% |
Source: New Jersey Multiple Listing Service, Inc #21012916 Report a problem | ||
| 6/22/2000 | Sold | $290,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,955 | $575,300 |
| 2024 | $17,955 +2.6% | $575,300 |
| 2023 | $17,501 +1.9% | $575,300 |
| 2022 | $17,167 +1.9% | $575,300 |
| 2021 | $16,851 +6.9% | $575,300 |
| 2020 | $15,757 +1.4% | $575,300 |
| 2019 | $15,539 | $575,300 |
| 2018 | $15,539 +3.7% | $575,300 |
| 2017 | $14,981 +2.8% | $575,300 |
| 2016 | $14,572 +3.2% | $575,300 |
| 2015 | $14,118 +3% | $575,300 |
| 2014 | $13,704 +5.1% | $575,300 |
| 2013 | $13,042 | $575,300 |
| 2012 | $13,042 +2.5% | $575,300 |
| 2011 | $12,726 +5% | $575,300 |
| 2010 | $12,122 +3.2% | $575,300 |
| 2009 | $11,742 | $575,300 |
| 2007 | -- | $575,300 |
| 2006 | -- | $575,300 +130.1% |
| 2005 | -- | $250,000 |
| 2004 | -- | $250,000 |
| 2003 | -- | $250,000 |
| 2002 | -- | $250,000 |
| 2001 | -- | $250,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$15,770/mo
Principal & interest
$12249
Property taxes
$3521
Climate risks
Neighborhood: 07070
Nearby schools
GreatSchools rating
- 8/10Pierrepont Elementary SchoolGrades: 4-6Distance: 0.3 mi
- 7/10Union SchoolGrades: 7-8Distance: 1.2 mi
- 7/10Rutherford High SchoolGrades: 9-12Distance: 0.6 mi
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