76 Grove St Montclair, NJ 07042
Estimated payment $9,003/month
Highlights
- Coin Laundry
- Hillside School Rated A
- 4-minute walk to Kaveny Field
About This Home
A solid performer in the heart of Montclair—this fully leased four-unit Colonial offers approximately a 5.8% cap rate and consistent, low-maintenance income. Featuring two large 2-bedroom apartments, one 1-bedroom, and a studio unit, the property has updated systems (furnace, electric panels, and water heater) and a removed underground oil tank for peace of mind. The detached 4-car garage and additional parking for 4–6 cars open the door to added revenue potential. Steps from downtown Montclairâ€TMs vibrant restaurants, shops, and commuter trains to NYC, this is a rare chance to own a turnkey multi-family in one of New Jerseyâ€TMs most sought-after rental markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,320
Parking
- 4 Car Garage
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Additional Features
- Laundry in Basement
- Lot Dimensions are 63x200
Community Details
- Coin Laundry
Listing and Financial Details
- Legal Lot and Block 29 / 3212
Map
Home Values in the Area
Average Home Value in this Area
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 | $16,210 | $479,600 | $170,000 | $309,600 |
| 2024 | $16,210 | $479,600 | $170,000 | $309,600 |
| 2022 | $15,769 | $479,600 | $170,000 | $309,600 |
| 2021 | $15,496 | $479,600 | $170,000 | $309,600 |
| 2020 | $15,246 | $479,600 | $170,000 | $309,600 |
| 2019 | $15,088 | $479,600 | $170,000 | $309,600 |
| 2018 | $14,839 | $479,600 | $170,000 | $309,600 |
| 2017 | $13,084 | $350,400 | $123,800 | $226,600 |
| 2016 | $12,734 | $350,400 | $123,800 | $226,600 |
| 2015 | $12,355 | $350,400 | $123,800 | $226,600 |
| 2014 | $11,942 | $350,400 | $123,800 | $226,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | For Sale | $1,450,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $357,000 | New Conventional |
Source: New Jersey MLS
MLS Number: 25020466
APN: 13-03212-0000-00029
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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