19 Montrose South Orange, NJ 07079
MULTI_FAMILY - South Orange Village, NJ
- Added:
- Jun 30, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 13 at 11:06 am
Property Features for 19 Montrose
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 8, Bathroom 4, Basement
- Standard status
- Active
Utilities
- Cooling system
- None (Cooling)
Listing agent Nicholas Walsh (908) 233-9292
Listing office RE/MAX SELECT - Morristown Westfield, NJ (973) 539-6300
Listing date Jun 30, 2026
Copyright © 2026 New Jersey MLS Inc. 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.
Conveniently located about 1.5 miles from the South Orange Train Station, offering access to NYC transportation. The property is also close to shopping, dining, parks, and major roadways.
This configuration supports an owner who wants current income from the occupied units while also having a third-floor unit available for lease or occupancy.
Key Highlights
- 2‑family property at 19 Montrose Street in South Orange
- Total of 8 bedrooms and 3 full bathrooms in 3,268 sq ft of living space
- Both main units are currently occupied
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $25.56 |
| − Vacancy | −$5.4k | −$1.65 |
| EGI | $78.1k | $23.91 |
| − OpEx | −$23.4k | −$7.17 |
| NOI | $54.7k | $16.74 |
