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