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Montclair Twp.,NJ 07042
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $408
MLS Listing ID 3968991
Style 3-Three Story
Bedrooms 6
Full Baths 4
Year Built 1890
Annual Tax Amount $16,320
Tax Year 2024
Lot Size 0.290 Acres
Property Description
Discover a prime Montclair investment that delivers both strong returns and unbeatable location. This fully leased four-unit Colonial offers an approximate 5.8% cap rate and timeless curb appeal just blocks from Montclair?s best dining, shopping, and arts scene. The property includes two spacious 2-bedroom units, one 1-bedroom, and one studio apartment?each well-maintained with reliable tenants. Updates include a newer water heater, electrical panels, and furnace, and the underground oil tank has already been removed. A detached 4-car garage plus additional parking for 4?6 vehicles adds exceptional convenience and potential income. Perfectly positioned between two NYC-direct train stations and moments from the Montclair Farmers Market, Wellmont Theater, and Art Museum?this property is an ideal blend of location, stability, and long-term value.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Full, Unfinished, Walkout
Interior
Interior Features Carbon Monoxide Detector, See Remarks, Smoke Detector, Stain Glass Windows, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Parking Features Detached Garage, Garage Parking, See Remarks
Garage Spaces 4.0
Utilities Available See Remarks
Roof Type Composition Shingle
Building
Lot Description Level Lot
Sewer Public Sewer, Sewer Charge Extra
Water Public Water, See Remarks
Architectural Style 3-Three Story
Schools
Elementary Schools Magnet
Middle Schools Magnet
High Schools Montclair
Others
Senior Community No