Two-Bedroom Apartment with Enclosed
10 Warman St, Montclair, NJ 07042
For Sale
New
Contact for pricing
Formal living and dining rooms complement updated kitchen finishes and shared outdoor space.
Property Size850 SF
Price / SF$3.06
Days on Market2
Property Features for 10 Warman St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
shared backyard patio
basement laundry hookups
Unfinished,Walkout
Gas-Natural
Second
2
Hookup Available,In Building
Living/Dining Room
City/Town Street
Public Water
37X110
0.09
Open Porch(es)
Building Details
Year Built
Listing Agency:
BHHS FOX & ROACH
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS FOX & ROACH
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Investment Insights
Based on property information with market context.
This two-bedroom apartment includes separate formal living and dining rooms, plus an enclosed three-season porch. The kitchen has updated cabinetry, flooring, and countertops, while refurbished hardwood floors and neutral interior tones carry through the space. Laundry hookups are available in the basement, with an additional washer installed for unit #2.
Residents have shared use of a backyard patio and one off-street tandem parking space. Nishuane Park, with a public pool, tennis courts, and basketball courts, is nearby. Bus service is available at the corner of Warman and Harrison.
Residents have shared use of a backyard patio and one off-street tandem parking space. Nishuane Park, with a public pool, tennis courts, and basketball courts, is nearby. Bus service is available at the corner of Warman and Harrison.
Key Highlights
- Two‑bedroom layout with formal living and dining rooms
- Enclosed three‑season porch
- Kitchen features updated cabinetry, flooring, and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,071
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,420
$261.4K
Cap Rate 7%
$186,729
$186.7K
Cap Rate 9%
$145,233
$145.2K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$25.5K $30.00/SF
− Vacancy
−$1.7K −$2.04/SF
EGI
$23.8K $27.96/SF
− OpEx
−$10.7K −$12.58/SF
NOI
$13.1K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,420
Cap Rate 7%
$186,729
Cap Rate 9%
$145,233
Alternative Uses
Best Use
Apartment 5plus
$186.7K
$163.4K – $217.9K
NOI $13,071 @ 7.0% cap · market cap 502.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$222.0K
$194.2K – $259.0K
NOI $15,537 @ 7.0% cap · market cap 597.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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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
$733,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montclair, NJ
Properties on Market for Residential income properties in Montclair
Frequently Asked Questions
What type of property is this?
Residential income property - Formal living and dining rooms complement updated kitchen finishes and shared outdoor space.
Where is this residential income property located?
The property is located at 10 Warman St Montclair, NJ.
What are key features of this property?
This property features: Two‑bedroom layout with formal living and dining rooms; Enclosed three‑season porch; Kitchen features updated cabinetry, flooring, and countertops
