- 7 beds
- 3 baths
- – sqft
- 7,405 sqft lot
- 1922 build
- – on site
Are you looking for an investment to super-size your wallet? Look no further than this pristine multi-family gem on a corner lot in highly sought-after Upper Montclair. This property features three impressive rental units with low fixed costs and strong net returns, with the potential for a gross operating income of $8,625/mo (4.6% cap rate) 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.
Last checked:
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Last updated Jun 13, 2025
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MLS# 3966513 —
This property is listed in more than one place. See it here.
The Building
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Construction Date/Year Built:1922
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Unit Style:3-Three Story
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Roof Description:Asphalt Shingle
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Exterior Description:Vinyl Siding
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Basement:Yes
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Total # of Units:3
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Building SqFt:3,480 Sqft
Interior
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Interior Features:Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, See Remarks, Shades, Smoke Detector, Tile Floors, Wood Floors
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Total # of Rooms:17
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Basement Description:Full, Walkout
Financial & Terms
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Possession:Immediate
Location
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Directions:On Valley, 1 block north of Watchung
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Latitude:40.83298
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Longitude:-74.20862
The Property
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Approx Lot Size:50 Sqft
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Lot Description:Corner, Level Lot
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Total Acres:0 Sqft
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Lot Identifier:8
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Zoning:R2
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Exterior Features:Enclosed Porch(es)
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Exclusions:4 AC window units
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Easements:No
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Assessment Land:303800
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Agent phone:
- (973) 380-0580
- Office phone:
- (973) 380-0580
Taxes
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Tax ID For Property:1613-01704-0000-00008-0000-
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Tax Year:2024
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2024
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Tax Rate Amount:3.403
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Tax Amount:$22,663
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Tax Amount:$*
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Lot ID Tax:*
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Lot Size Tax:*
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Acres Tax:$*
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Block ID Tax:*
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City Tax:$*
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County Tax:$*
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Zip Code Tax:*
Beds
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# of Bedrooms:7
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Unit 1 Bedrooms:3
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Unit 3 Bedrooms:1
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Unit 2 Bedrooms:3
Baths
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Total # of Baths:3.00
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Total # of Full Baths:3
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Unit 1 Baths:1.0
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Unit 2 Baths:1.0
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Unit 3 Baths:1.0
Heating & Cooling
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Cooling:Window A/C(s)
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Heating:Baseboard - Electric, Radiators - Steam
Utilities
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Utilities:Gas-Natural
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Water:Public Water
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Fuel Type:Gas-Natural
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Sewer:Public Sewer
Schools
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High School:MONTCLAIR
The Community
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Section/Subdiv/Development:Upper
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Assessment Total:666000
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Assessment Total Tax:*
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Assessment Bldg:362200
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Assess Amount Building Tax:*
Parking
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# of Garage Spaces:3
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Garage Description:Detached Garage, Garage Parking
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# of Parking Spaces:3
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Parking/Driveway Description:Off-Street Parking
Extra Units
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Unit 1 Levels:1
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Unit 2 Levels:1
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Unit 3 Levels:1
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Unit 1 Rooms:7
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Unit 2 Rooms:7
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Unit 3 Rooms:3
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Unit 1 Handicap Modified:No
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Unit 2 Handicap Modified:No
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Unit 3 Handicap Modified:No
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Unit 1 Room Description:Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
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Unit 2 Room Description:Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
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Unit 3 Room Description:Bedrooms, Living Room, Storage
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Unit 1 Fireplaces:1
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Unit 2 Fireplaces:1
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Unit 1 Appliances/Equipment:Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
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Unit 2 Appliances/Equipment:Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
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Unit 3 Appliances/Equipment:Carbon Monoxide Detector, Ceiling Fan(s), Refrigerator, Smoke Detector
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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6/6/25
Jun 6, 2025
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Listed / Active | GSMLS | $1,660,000 | |
6/2/25
Jun 2, 2025
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Coming Soon | GSMLS | $1,660,000 |