$1,199,900
PENDING

55 Elm St Montclair, NJ 07042

Estimated payment $8,377/month

Total Views 4,163
7 Beds
4.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 3 Car Detached Garage
  • Nishuane School Rated A
  • Forced Air Heating System

About This Home

Beautifully reimagined and thoughtfully updated, this exceptional two-family home in the heart of Montclair offers the perfect blend of modern living and high investment potential. The property features two spacious units across three levels. The first unit includes 2 bedrooms, 1 full bath, an open kitchen and dining area, a bright living space, and in-unit laundry hookups ideal for consistent rental income. The second unit spans two floors and offers 5 bedrooms and 3.5 bathrooms, highlighted by a luxurious primary suite with a freestanding tub, walk-in rainfall shower with body sprays, flexible living areas, dedicated laundry, and zoned HVAC. A full renovation completed in 2018"2019 brought extensive upgrades: enhanced insulation, measures to reduce sound transfer between units, 300-amp electrical service, updated plumbing, HVAC, Andersen windows, and a composite two-story deck. Exterior improvements include full perimeter waterproofing, sump system, R5 insulation, new siding, and a new LVL beam. Additional highlights include a walkout basement, Cat6 wiring in every room, and structured media panels for modern connectivity. Just a 5-minute walk to the train and approximately 40 minutes to NYC Penn Station, this turnkey property is perfectly positioned for investors, with easy access to parks, schools, transit, and vibrant downtown Montclair.

Listing Agent

MATTHEW GEVIRTZ

EXP REALTY, LLC Brokerage Phone: 973-250-9974 Listed on: 06/20/2025

Co-Listing Agent

NICOLA TRANI

EXP REALTY, LLC Brokerage Phone: 973-250-9974

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,000

Year Built

  • Built in 2019 | Remodeled

Parking

  • 3 Car Detached Garage

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 7 Bedrooms

Unfinished Basement

  • Walk-Out Basement

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 1613-03112-0000-00019-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,000

Year Built

Built in 2019 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 2019
  • Year Built Description: Approximate, Renovated
  • County Name: Essex
  • Renovated Year: 2025
  • Street Number Display: 55
  • Directions: Route 280 to Bloomfield Ave to a right on Elm Street or Garden State Parkway to Bloomfield to a left on Elm Street
  • I D: 5366542
  • Modified: 2025-07-10
  • Number Images: 42
  • Attribution Contact: 973-250-9974
  • MLS Status: Under Contract
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Total Number Rooms: 14
  • Bedrooms: 7
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Walkout

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 3
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 2 Units
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 45X140 IRR
  • Assessed Improvement Value: 248900
  • Assessed Land Value: 61500
  • Assessment: 310400
  • Easement: Unknown
  • Lot Identifier: 19
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 21000
  • Assessor Parcel Number: 1613-03112-0000-00019-0000-
  • Tax Rate Amount: 3.403
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

Map

Range of Values:

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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 $10,492 $310,400 $61,500 $248,900
2024 $10,492 $310,400 $61,500 $248,900
2022 $20,162 $620,800 $122,900 $497,900
2021 $19,808 $620,800 $122,900 $497,900
2020 $19,735 $620,800 $122,900 $497,900
2019 $13,506 $429,300 $122,900 $306,400
2018 $13,283 $429,300 $122,900 $306,400
2017 $12,270 $335,300 $86,900 $248,400
2016 $11,935 $335,300 $86,900 $248,400
2015 $11,573 $335,300 $86,900 $248,400
2014 $11,177 $335,300 $86,900 $248,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Pending -- -- --
06/23/2025 06/23/25 For Sale $1,199,900 +160.8% --
08/03/2017 08/03/17 Sold $460,000 +15.3% $183 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $399,000 -- $159 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $460,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $837,000 VA
Closed $671,550 FHA
Closed $127,818 FHA
Closed $444,647 FHA
Source: Public Records

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Source: Garden State MLS

MLS Number: 3970817

Garden State MLS

APN: 13-03112-0000-00019