A rare Montclair multi-family opportunity offering timeless architecture, strong income, and a location that's second to none. This fully leased four-unit Colonial delivers approximately a 5.8% cap rate with consistent, low-maintenance income and includes two spacious 2-bedroom apartments, one 1-bedroom, and a studio. Updated systems furnace, electric panels, and water heater along with underground oil tank removal provide peace of mind, while a detached 4-car garage and additional parking for 4"6 vehicles offer added convenience and income potential. Ideally situated between two NYC-direct train stations and just steps from Montclair's vibrant downtown restaurants, boutiques, caf s, and the Wellmont Theater, this is a compelling opportunity for the savvy investor or owner seeking long-term stability in one of New Jersey's most desirable rental markets.
76 Grove St, Montclair Twp. NJ 07042-3723
Property City
Montclair Twp.
Property Price
$1,450,000
Bedrooms
6
Year Built
1890
Tax Annual Amount
$16320
TaxYear (*text)
2024
Roof (*text)
Composition Shingle, See Remarks
Lot Size Area
0.29
MLS Status
Active
MLS #
4003954
Yearly Tax Rate
3.403
Year Built (*numeric)
1890
Basement
Yes
Roofing (*text)
Composition Shingle, See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
None,SeeRem
GarageSpaces
4
Heating
1 Unit, Baseboard - Hotwater, Radiators - Hot Water, See Remarks
Lot Size Dimensions
63X200 IRR
Data import from
GSMLS