$1,200,000
PENDING PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

20 Monroe Place Montclair, NJ 07042

Estimated payment $7,390/month

Total Views 13,665
1 Bed
4 Baths
2,856 Sq Ft
$420 Price per Sq Ft

Highlights

  • 5 Car Detached Garage
  • Electric Baseboard Heater
  • Private Driveway
  • Nishuane School Rated A

About This Home

Investor alert! Solid brick 4-unit property located in the heart of Downtown Montclair, just moments from major shopping centers, restaurants, and public transportation. Property also includes a private backyard, unfinished basement, driveway + garage, and a beautifully built foundation. Two units are currently rented through Section 8 housing assistance, providing built-in income. Don't miss this rare multifamily opportunity in one of Montclair's most desirable locations! A little TLC and cosmetic updates can go a long way in boosting value and maximizing returns. This is a fantastic opportunity for investors or buyers looking to customize and add value.

Listing Agent

James DeBrosse

LONE EAGLE MANAGEMENT Brokerage Phone: 973-377-7377 Listed on: 08/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,931

Year Built

  • Built in 1924

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Full Bathrooms

Parking

  • 5 Car Detached Garage
  • Private Driveway
  • Additional Parking
  • Parking Garage Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Standard Electricity

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,792 Sq Ft Lot

Community Details

  • 2,856 Sq Ft Building
  • Net Operating Income $9,999

Listing and Financial Details

  • Assessor Parcel Number 1613-04105-0000-00046-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,931

Year Built

Built in 1924

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1924
  • Year Built Description: Approximate
  • County Name: Essex
  • Directions: Off of Maple Avenue.
  • I D: 5377061
  • Attribution Contact: 973-377-7377
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Partially Fenced

Garage/Parking

  • Garage Description: Detached Garage, Garage Parking
  • Number Parking Spaces: 5
  • Parking Driveway Description: 1 Car Width, Additional Parking, Driveway-Exclusive

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Electric
  • Utilities: Electric, Gas-Natural

Lot Info

  • Lot Size: 50X100
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12931
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1613-04105-0000-00046-0000-
  • Tax Rate Amount: 3.403
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,931 $380,000 $118,800 $261,200
2024 $12,844 $380,000 $118,800 $261,200
2022 $12,494 $380,000 $118,800 $261,200
2021 $12,278 $380,000 $118,800 $261,200
2020 $12,080 $380,000 $118,800 $261,200
2019 $11,955 $380,000 $118,800 $261,200
2018 $11,757 $380,000 $118,800 $261,200
2017 $12,673 $339,400 $85,000 $254,400
2016 $12,334 $339,400 $85,000 $254,400
2015 $11,967 $339,400 $85,000 $254,400
2014 $11,567 $339,400 $85,000 $254,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $1,200,000 -- $420 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Source: Garden State MLS

MLS Number: 3980013

Garden State MLS

APN: 13-04105-0000-00046

New Jersey Essex County Montclair 07042

20 Monroe Place, Montclair, NJ

Pending

MultiFamily

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