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$1,049,000
Est. payment /mo
3 Beds
2.5 Baths
1,833 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,833 sqft
Price per Sqft $572
MLS Listing ID 4012857
Style 3-Three Story
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1885
Annual Tax Amount $11,444
Tax Year 2025
Property Description
This exceptional mixed-use investment is located in the heart of Montclair and offers modern renovations, reliable income, and strong long-term rental potential. This corner property combines street level retail with two beautifully updated residential units (renovated 2025!) above, all in a highly desirable location.The ground floor features an income-producing retail space with less than five years remaining on its lease and strong upside potential, ensuring steady cash flow from day one and built in future rent growth. Above are two fully renovated apartments, each featuring hardwood floors, oversized windows, stackable washer/dryers, private decks, and dedicated parking.The second-floor apartment offers 2 bedrooms and 1 bath across almost 1,000 sq ft, with an open layout and a sun-drenched, modern kitchen. The third-floor 1 bedroom 1-bath unit spans close to 900 sq ft and includes an oversized kitchen and updated bath. Both units are stylish and offer modern amenities such as contemporary kitchens and baths, private outdoor spaces, and split ac/heating systems.With a quality tenants in place and low maintenance turn key spaces, this property presents an ideal opportunity for investors seeking stability, appreciation, and immediate income in one of Montclair's most sought-after locations.
Location
State NJ
County Essex
Zoning R2
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Alarm Sys, Fire Extinguisher, See Remarks, Smoke Detector, Wood Floors
Heating Electric
Cooling 3 Units, Ductless Split AC
Heat Source Electric
Exterior
Exterior Feature Brick, Vinyl Siding
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Corner
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by KELLER WILLIAMS CITY LIFE REALTY
NEARBY SCHOOL & BUSINESS
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