Estimated payment $12,085/month
Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2025, this turnkey 4-unit property on Washington St features 4 residential units. The residential mix includes three spacious 2-bedroom units and one large 4-bedroom, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and new siding. Each unit offers brand-new kitchens, modern bathrooms, in-unit washer/dryers, great ceiling height, new hardwood flooring throughout, brand-new HVAC, and separate utilities. Delivered 100% vacant, the property is ready for immediate lease-up with excellent upside potential in one of Essex County's most competitive rental markets. Ideally located just blocks from Bay Street Station (with Midtown Direct service to NYC), and close to Bloomfield Avenue's restaurants, shops, and amenities, as well as the newly redeveloped Glenfield Park offering green space, sports courts, and community events.
Listing Agent
KELLER WILLIAMS PROSPERITY REALTY Brokerage Phone: 973-696-0077 Listed on: 08/12/2025
| 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 | $14,162 | $419,000 | $130,000 | $289,000 |
| 2024 | $14,162 | $419,000 | $130,000 | $289,000 |
| 2022 | $13,777 | $419,000 | $130,000 | $289,000 |
| 2021 | $13,538 | $419,000 | $130,000 | $289,000 |
| 2020 | $13,320 | $419,000 | $130,000 | $289,000 |
| 2019 | $13,182 | $419,000 | $130,000 | $289,000 |
| 2018 | $12,964 | $419,000 | $130,000 | $289,000 |
| 2017 | $10,944 | $293,100 | $90,000 | $203,100 |
| 2016 | $10,651 | $293,100 | $90,000 | $203,100 |
| 2015 | $10,335 | $293,100 | $90,000 | $203,100 |
| 2014 | $9,989 | $293,100 | $90,000 | $203,100 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $1,999,999 | +100.4% | $490 / Sq Ft |
| 07/23/2024 07/23/24 | Sold | $998,000 | 0.0% | $326 / Sq Ft |
| 07/02/2024 07/02/24 | Pending | -- | -- | -- |
| 06/17/2024 06/17/24 | For Sale | $998,000 | -- | $326 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $998,000 | Realsafe Title | |
| Deed | $800,000 | Elite Title | |
| Deed | $150,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,300,000 | Construction | |
| Previous Owner | $435,478 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $147,175 | No Value Available |
$1,600,000
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2
Susan Lovit Compass New Jersey, LLC-Montclair
Source: Garden State MLS
MLS Number: 3980823
APN: 13-03110-0000-00012
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