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Passed a bank inspection with no issues! 3 rents, separate utilities, 3 car garage. Meticulously maintained property offers a projected gross annual income of $103,500 and an estimated net of $77,900, resulting in a 4.6% cap rate. This rare gem sits on a corner lot in highly sought-after Upper Montclair, just blocks from the Watchung train station with a direct line to NYC. Low fixed costs and strong net returns make it an ideal opportunity for both investors and owner-occupants. 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 boarder unit 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
| DAYS ON MARKET | 1 | LAST UPDATED | 11/4/2025 |
|---|---|---|---|
| TRACT | Upper | YEAR BUILT | 1922 |
| COMMUNITY | Montclair | GARAGE SPACES | 3.0 |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| High School | MONTCLAIR |
|---|
| ADDITIONAL DETAILS | |
| AREA | Montclair |
|---|---|
| BASEMENT | Full, Walk-Out Access, Yes |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Natural Gas |
| INTERIOR | Cathedral Ceiling(s) |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Corner Lot, Level |
| PARKING | Off Street, Detached |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story |
| SUBDIVISION | Upper |
| TAXES | 22663 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | R2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with FOURTE INTERNATIONAL
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