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$ 1,099,000
Est. payment | /mo
5 Beds
3 Baths
$ 1,099,000
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250007123
Style Brownstone,Multi-Level,Other-See Remarks
Bedrooms 5
Full Baths 3
Annual Tax Amount $11,417
Lot Dimensions 49x140
Property Sub-Type 2 Family
Property Description
Opportunity knocks! Gut-renovated in 2020, this 2-family home on an oversized 49x140 lot offers the perfect combination of modern living, an unbeatable location, and income potential. Located a few blocks from Bay St and Glen Ridge train stations w/ direct service to NYC, this home is a commuter's dream. Steps away, the beautifully renovated Glenfield Park features state-of-the-art playgrounds, lush green spaces, sports facilities, and a new $10M community center. Enjoy a short walk to the nearby Bloomfield Ave arts district and new Ironbound Farmer's Market at Lackawanna Plaza! Perfect for owner-occupants, live in one unit while generating rental income from the other. The property includes off-street parking for 8+ cars, creating additional income opportunities. The oversized lot is ideal for constructing an Accessory Dwelling Unit (ADU) under newly enacted municipal code 347-8. Inside, modern updates blend with timeless charm: loft-like ceilings, abundant natural light, stainless steel appliances, quartz countertops, energy-efficient mini-split HVAC, and exposed brick for added character. Unit 1:1400 sq. ft. duplex w/ 3 bedrooms, 2 full baths, and a private fenced yard with low-maintenance artificial grass.Unit2: Bright 700 sq. ft. open-concept unit w/ 2 bedrooms and 1 full bath. Capitalize on Montclair's thriving rental market while enjoying top-rated schools, vibrant dining, and a welcoming community. This rare opportunity checks every box for living and investing!
Location
State NJ
County Essex
Area Montclair
Rooms
Basement Finished, Full, Walk-Out
Interior
Heating Electric, Other-See Remarks
Cooling Electric, Other-See Remarks
Exterior
Exterior Feature Brick
Parking Features 3+ Cars, Other-See Remarks
Listed by HOWARD HANNA RAND REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
christina.dominguez@cbrealty.com
242 Bellevue Ave, Upper Montclair, New Jersey, 07043, USA