$1,199,900
PENDING

55 Elm St Montclair, NJ 07042

Estimated payment $7,520/month

Total Views 4,150
7 Beds
4.5 Baths
-- Sq Ft
-- Price per Sq Ft

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 hookupsa€”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 2018a€“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 Listed on: 06/20/2025

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,562

Parking

  • 3 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms

Additional Features

  • Laundry in unit
  • 6,300 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 19 / 3112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,562

Lot Details

0

Parking

3

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 866-201-6210
  • MLS Status: Under Contract - Under Contract
  • Directions: Route 280 to Bloomfield Ave to a right on Elm Street or Garden State Parkway to Bloomfield to a left on Elm Street
  • Architectural Style: 2 Family
  • Year Built Details: 2010's
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 3.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 6300.0

Tax Info

  • Tax Annual Amount: 10562.0
  • Tax Block: 3112
  • Tax Lot: 19

Map

Range of Values:

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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 $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: New Jersey 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: New Jersey MLS

MLS Number: 25021693

New Jersey MLS

APN: 13-03112-0000-00019