20 Monroe Place Montclair, NJ 07042
Estimated payment $6,474/month
Highlights
- 5 Car Detached Garage
- Electric Baseboard Heater
- Partially Fenced Property
- Nishuane School Rated A
- Private Driveway
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
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
Lot Details
- 4,792 Sq Ft Lot
- Partially Fenced Property
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 1 Bedroom
- 4 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
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
Community Details
- 2,856 Sq Ft Building
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 1613-04105-0000-00046-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2026 05/08/26 | Price Changed | $999,969 | 0.0% | $350 / Sq Ft |
| 05/08/2026 05/08/26 | For Sale | $999,969 | -16.7% | $350 / Sq Ft |
| 10/22/2025 10/22/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $1,200,000 | -- | $420 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Garden State MLS
MLS Number: 3980013
APN: 13-04105-0000-00046
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