Two-Unit Duplex with Detached
For Sale
$899,999
16 Rosedale Ave, Montclair, NJ 07042
Multi-Family, 2-Two Story, Montclair Twp., NJ
Property Size2,408 SF
Price / SF$373.75
Days on Market59
Property Features for 16 Rosedale Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 4, Bathroom 2
Parking
4
Directions
Orange Rd to Rosedale Ave
Standard status
Active
Size
2,408 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14468
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating)
Water source
Public
Amenities
sunroom
private deck
finished basement
koi pond
patio
Building Details
Year built
1929
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
LUIS CRUZ · License #394135
(973) 686-7777
Added: Jul 24
Changed: Sep 13
Last Checked: Sep 20 at 2:06AM
MLS# 4042812
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.
Investment Insights
Based on property information with market context.
Built in 1929, this 2,408-square-foot duplex includes two residential units, finished basement space, and separate utilities. The first-floor residence has been taken down to the studs and retains a layout with two bedrooms, a full bath, living and dining rooms, office space, and a kitchen. The upper residence occupies the second and third floors with three bedrooms, a sunroom, living and dining areas, a full bath, a modern kitchen, and access to a private deck.
The finished basement adds a full bathroom, three rooms, and a separate utility-room entrance. Two water heaters and two heating systems support the property. Exterior features include a backyard with a koi pond and patio, a detached two-car garage, and a driveway for up to four vehicles. Public water and sewer serve the property. Shops, parks, schools, the public pool, and public transportation are within walking distance.
The finished basement adds a full bathroom, three rooms, and a separate utility-room entrance. Two water heaters and two heating systems support the property. Exterior features include a backyard with a koi pond and patio, a detached two-car garage, and a driveway for up to four vehicles. Public water and sewer serve the property. Shops, parks, schools, the public pool, and public transportation are within walking distance.
Key Highlights
- 2,408‑square‑foot duplex built in 1929
- Two residential units with separate utilities
- Upper unit spans the second and third floors and includes a private deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,301
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,020
$806.0K
Cap Rate 7%
$575,729
$575.7K
Cap Rate 9%
$447,789
$447.8K
Market Conditions
NOI Build-Up for 2,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.5K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.6K $23.91/SF
− OpEx
−$17.3K −$7.17/SF
NOI
$40.3K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,020
Cap Rate 7%
$575,729
Cap Rate 9%
$447,789
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.8K – $671.7K
NOI $40,301 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,030 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$628.8K
$550.2K – $733.6K
NOI $44,014 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 07042, NJ
27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a modern upper-level kitchen and a lower-level unit ready for renovation.
Where is this duplex located?
The property is located at 16 Rosedale Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 2,408‑square‑foot duplex built in 1929; Two residential units with separate utilities; Upper unit spans the second and third floors and includes a private deck
