KW Metropolitan

Fixer Upper, See Remarks

163 Park St

Montclair Twp. , NJ 07042

MLS#: 3987648

$1,600,000

Status: Active
Listing number: 3987648
Listing provided by: COMPASS NEW JERSEY LLC
Listing agent phone: None
Last update: 18 days ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

9

Full Baths

5

1/2 Baths

None

Year Built

1887

Sq.Footage

3,454

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 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. 4 units are currently being rented, month to month. The 3rd floor (5th unit) is vacant.Bring your architects and/or your contractors!

Features & Amenities

Interior

  • Total Bedrooms

    9

  • Bathrooms

    5

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Construction Materials

    Aluminum Siding

  • Parking

    Off Street, Detached

  • Patio and Porch Features

    Porch

  • Pool

    No

Area & Lot

  • Lot Features

    Level

  • Lot Size(acres)

    0.8

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Fixer Upper, See Remarks

Price

  • Sales Price

    $1,600,000

  • Tax Amount

    29721.0

  • Zoning

    R1

  • Sq. Footage

    3, 454

  • Price/SqFt

    $463

HOA

  • Association

    No

School District

  • Elementary School

    MAGNET

  • Middle School

    MAGNET

  • High School

    MONTCLAIR

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Essex

Elementary School

MAGNET

Middle School

MAGNET

High School

MONTCLAIR

Listing Courtesy of None , COMPASS NEW JERSEY LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent PatrickBolger

FOUNDER

PatrickBolger

Call Patrick today to schedule a private showing.

(973) 945-9979

patrickbolger@kw.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. 4 units are currently being rented, month to month. The 3rd floor (5th unit) is vacant.Bring your architects and/or your contractors!

163 Park St

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Passed a bank inspection with no issues! 3 rents, separate utilities, 3 car garage. Meticulously maintained property offers a projected gross annual income of $103,500 and an estimated net of $77,900, resulting in a 4.6% cap rate. This rare gem sits on a corner lot in highly sought-after Upper Montclair, just blocks from the Watchung train station with a direct line to NYC. Low fixed costs and strong net returns make it an ideal opportunity for both investors and owner-occupants. The 1st and 2nd floors exude charm with hardwood floors, fireplaces, French doors, and private porches. The 3rd floor unit is a fully town-compliant 1 bedroom boarder unit showcasing a modern open layout with vaulted ceilings, skylights, hardwood floors and a sun-drenched living space. Additional highlights include separate utilities for each unit, two laundry rooms, five storage areas in a sparkling clean basement, and a bonus three-car garage with a total of six off-street parking spaces. The property has been extensively upgraded with a roof featuring 40-year Timberline shingles and plywood, a new driveway, thermal windows, updated siding and insulation, a new sewer line, and auto-feeding boilers. There's no oil tank or asbestos on the property. This is a rare, turn-key opportunity to own a well-maintained, income-producing property in one of Montclair's most desirable neighborhoods. Property is being sold as is
#3996114

Montclair Twp.

422 Valley Rd

7 Beds

3 Baths

3,480 Sq.Ft.

$1,399,999

MLS#: 3996114

Discover a prime Montclair investment that delivers both strong returns and unbeatable location. This fully leased four-unit Colonial offers an approximate 5.8% cap rate and timeless curb appeal just blocks from Montclair?s best dining, shopping, and arts scene. The property includes two spacious 2-bedroom units, one 1-bedroom, and one studio apartment?each well-maintained with reliable tenants. Updates include a newer water heater, electrical panels, and furnace, and the underground oil tank has already been removed. A detached 4-car garage plus additional parking for 4?6 vehicles adds exceptional convenience and potential income. Perfectly positioned between two NYC-direct train stations and moments from the Montclair Farmers Market, Wellmont Theater, and Art Museum?this property is an ideal blend of location, stability, and long-term value.
#3968991

Montclair Twp.

76 Grove St 4

6 Beds

4 Baths

3,550 Sq.Ft.

$1,450,000

MLS#: 3968991

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here