Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Watchung Ave Montclair, NJ 07043

    View on Map
    Claim this Listing
    For Sale
    $1,600,000

    Commercial - Montclair Twp., NJ

    Property size:
    4,116 SF
    Lot size:
    0.70 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 16 at 11:06 am

    Property Features for 119 Watchung Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    NC
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    4,116 SF
    Lot size
    0.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    33191

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1910
    Floors in Building
    4
    Number of units
    4
    Flooring type
    Laminate, Wood
    Roof type
    Composition, Flat, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    ANDREE BERTSCHE

    Listing agent ANDREE BERTSCHE

    Listing office STANTON COMPANY 49 N MOUNTAIN AVE, Montclair, NJ

    Listing date Feb 19, 2026

    MLS# 4010582 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montclair Multifamily Investment Opportunity

    Located in the center of Watchung Plaza, this multifamily property is surrounded by a desirable residential neighborhood and offers convenient access to shopping, dining, and transportation to NYC. The accessibility and charm of the area contribute to stable tenants and low vacancy for both residential and retail units. The property includes three apartments. Apartment #1 features a living room, bedroom, newer eat-in kitchen, and newer bathroom with shower. Apartment #2 includes a living room, bedroom, new eat-in kitchen, and newer bathroom with shower. Apartment #3 is a three-room studio efficiency with a refrigerator and sink, but no cooking facilities. Appliances are provided. Parking is available on Watchung Avenue, with a municipal parking lot located behind the building. The property is situated on a 0.7-acre lot and has a building size of 4116 square feet. The zoning is NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mr. Dino's Restaurant

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2055011
    Latitude
    40.8306459

    Nearby Similar for Sale

    • $2,500

      Montclair Office Space For Sale

      834 SF office space with abundant natural light.
      348 Bloomfield Ave, Montclair Twp., NJ 07042
      View Details
    • $1,995,000
      4,445 SF

      Renovated Montclair Multi-Family Property

      Fully renovated 4-family property near Montclair's vibrant downtown.
      82 Grove St, Montclair Twp., NJ 07042-3708
      View Details
    • $1,599,000
      6,981 SF

      Montclair Commercial Property For Sale

      Spacious Montclair property with sanctuary, offices, kitchen, and parking.
      153 Park St, Montclair Twp., NJ 07042
      View Details
    • $4,200,000
      99 SF

      Montclair Multifamily Investment Opportunity

      Renovated multifamily portfolio near Bay Street Train Station.
      73 Glenridge Ave, Montclair Twp., NJ 07042
      View Details
    • $699,000

      Montclair Two-Family Home with Charm

      Spacious two-family home in Montclair, close to NYC transportation.
      32 Irving St, Montclair Twp., NJ 07042-4524
      View Details
    • $249,000
      4,904 SF

      Montclair Commercial Condo Near Train

      Commercial condo unit near train station, suitable for retail/office.
      41 Glenridge Ave, Montclair Twp., NJ 07042-4741
      View Details
    • $249,000
      4,904 SF

      Montclair Office Condo Near Transit

      Professional office condo unit near train and hospital.
      41 Glenridge Ave, Montclair Twp., NJ 07042-4741
      View Details
    • $4,667

      Montclair Commercial Space For Sale

      1,600 SF commercial space with exposed brick and natural light.
      348 Bloomfield Ave, Montclair Twp., NJ 07042
      View Details
    • $22,500

      Renovated Retail Space in Montclair

      6,000 SF renovated retail space in downtown Montclair.
      5 S. Willow St, Montclair Twp., NJ 07042
      View Details
    • $849,900

      Montclair Two-Family Home For Sale

      Well-maintained two-family home in desirable Montclair, ideal for investors.
      29 Warman St, Montclair Twp., NJ 07042-1651
      View Details
    • $1,148,000

      Renovated Multi-Family Home in Montclair

      Recently renovated multi-family home with modern upgrades and versatile layout.
      17 Mission Street, Montclair, NJ 07042
      View Details
    • $3,500,000
      10,000 SF

      Montclair Mixed-Use Investment Opportunity

      Mixed-use property with restaurant and apartments in Montclair, NJ.
      571 Bloomfield Ave, Montclair Twp., NJ 07042-2854
      View Details

    FAQs

    What type of property is this?
    Quadplex - Multifamily property in desirable location near shopping, dining, and transportation.
    Where is this quadplex located?
    The property is located at 119 Watchung Ave Montclair, NJ.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Prime location in Watchung Plaza, a desirable residential neighborhood.; Excellent commuter access to NYC.; Stable tenants and low vacancy rates.
    (973) 746-1313
    We can help!
    Listing Contact
    ANDREE BERTSCHE
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!