Estimated payment $10,062/month
Are you looking for an investment to super-size your wallet? Look at this, a projected gross annual income of $103,500 and an est. net of $77,900, resulting in a 4.6% cap rate. This pristine multi-family gem on a corner lot in highly sought-after Upper Montclair features 3 impressive rental units with low fixed costs and strong net returns, making it an ideal opportunity for both investors and owner-occupants.Perfectly situated just blocks from the Watchung train station, with a direct line to NYC and easy access to Montclair schools. The 1st and 2nd floors exude charm with hardwood floors, fireplaces, French doors, and private porches. The 3rd floor unit is a fully town-compliant 1 bedroom rental showcasing a modern open layout with vaulted ceilings, skylights, hardwood floors and a sun-drenched living space. Additional highlights include separate utilities for each unit, two laundry rooms, five storage areas in a sparkling clean basement, and a bonus three-car garage with a total of six off-street parking spaces. The property has been extensively upgraded with a roof featuring 40-year Timberline shingles and plywood, a new driveway, thermal windows, updated siding and insulation, a new sewer line, and auto-feeding boilers. There's no oil tank or asbestos on the property. This is a rare, turn-key opportunity to own a well-maintained, income-producing property in one of Montclair's most desirable neighborhoods. Property is being sold as is.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,511 | $666,000 | $303,800 | $362,200 |
| 2024 | $22,511 | $666,000 | $303,800 | $362,200 |
| 2022 | $21,898 | $666,000 | $303,800 | $362,200 |
| 2021 | $21,518 | $666,000 | $303,800 | $362,200 |
| 2020 | $21,172 | $666,000 | $303,800 | $362,200 |
| 2019 | $20,952 | $666,000 | $303,800 | $362,200 |
| 2018 | $20,606 | $666,000 | $303,800 | $362,200 |
| 2017 | $18,551 | $496,800 | $229,500 | $267,300 |
| 2016 | $18,054 | $496,800 | $229,500 | $267,300 |
| 2015 | $17,517 | $496,800 | $229,500 | $267,300 |
| 2014 | $16,931 | $496,800 | $229,500 | $267,300 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $1,499,999 | +7.1% | $431 / Sq Ft |
| 08/22/2025 08/22/25 | For Sale | $1,399,999 | 0.0% | $402 / Sq Ft |
| 07/18/2025 07/18/25 | Pending | -- | -- | -- |
| 06/30/2025 06/30/25 | Price Changed | $1,399,999 | -15.7% | $402 / Sq Ft |
| 06/06/2025 06/06/25 | For Sale | $1,660,000 | -- | $477 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Deed | $210,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $168,000 | No Value Available |
$1,295,000
Prime Mixed-Use Investment Opportunity. Nestled just off the bustling Bloomfield Avenue, this exceptional mixed-use property offers a strategic location directly across from The MC Hotel. Located in the heart of Montclair's thriving artistic community, attracting a steady stream of visitors and locals alike. Three pristine and fully renovated residential apartments currently generate a monthly
James Conticello Keller Williams City Life Realty
$1,450,000
Prime Montclair Investment & Lifestyle Opportunity " Fully leased four-unit Colonial delivering approximately 4% cap rate in one of New Jersey's most sought-after towns. Two 2 bedroom units, a studio and 1 bedroom unit. Perfectly positioned between two NYC Direct train stations and just blocks from Montclair's famed farmers market, vibrant dining scene, boutique shopping, the Wellmont Theater,
Barbara P. Hughes Brown Harris Stevens New Jersey
$1,450,000
Prime Montclair Investment & Lifestyle Opportunity ? Fully leased four-unit Colonial delivering approximately 4% cap rate in one of New Jersey?s most sought-after towns. Two 2 bedroom units, a studio and 1 bedroom unit. Perfectly positioned between two NYC Direct train stations and just blocks from Montclair?s famed farmers market, vibrant dining scene, boutique shopping, the Wellmont Theater,
Barbara P. Hughes BROWN HARRIS STEVENS NEW JERSEY
$1,275,000
Spacious and versatile, this updated two-family home is a rare opportunity in a prime location just minutes from downtown Montclair, near Bloomfield Ave's vibrant shopping, dining, and transportation options. The first floor features two bedrooms with closets, a sunroom, a generous living room, an eat-in kitchen, one and a half bathrooms, and a large hall closet, offering a comfortable and
Chris Lane Compass New Jersey, LLC-Montclair
Source: Garden State MLS
MLS Number: 3966513
APN: 13-01704-0000-00008
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