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Stabilized Three-Unit Multifamily Property
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100 Claremont Ave, Verona, NJ 07044

Fully leased residential asset with separate utility metering, basement laundry, assigned parking, and a separately rented garage.

Property SizeContact for details
Days on Market146

Property Features for 100 Claremont Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Net Operating Income $36,046

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Gross Income $61,410
Public Transit Yes

Amenities

in-basement laundry
assigned parking

Building Details

Units 3
Listing Agency: CENTURY 21 The Crossing
Listed By: Christopher HIll · License #2670758
Source: Crexi
Added: Apr 7 Changed: Aug 30 Last Checked: Aug 30 at 8:30AM

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 CENTURY 21 The Crossing

Investment Insights

Based on property information with market context.

This three-unit multifamily property at 100 Claremont Ave includes two 2BR/1BA apartments and one 1BR/1BA apartment. Every unit is leased, and each is separately metered so residents pay their own utilities. The property also provides basement laundry, assigned parking for each apartment, and a garage leased independently from the residential units.

Lease expirations extend through 2026, creating a staggered schedule for future rent reviews while maintaining current occupancy. The property is located in Verona, with access to a walkable downtown, local schools, and direct transit service to New York City. The configuration combines established residential tenancy with clearly defined unit layouts and supporting amenities.

Key Highlights

  • Three‑unit property with two 2BR/1BA apartments and one 1BR/1BA apartment
  • All units are leased; lease expirations are staggered through 2026
  • Separate utility metering places utility responsibility with each residential tenant

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Big Box & Wholesale Store Carpet & Flooring Store Storage Facility Catering Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,040
Businesses Nearby

Demographics for 07044, NJ

14,572
Population
5,997
Households
2.4
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
5,204
Density / Sq Mi
$159,044
Median Household Income
$85,852
Median Earnings
$2,125
Median Rent
$595,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully leased residential asset with separate utility metering, basement laundry, assigned parking, and a separately rented garage.
Where is this triplex located?
The property is located at 100 Claremont Ave Verona, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑unit property with two 2BR/1BA apartments and one 1BR/1BA apartment; All units are leased; lease expirations are staggered through 2026; Separate utility metering places utility responsibility with each residential tenant
(973) 495-4093 Call to check price and availability
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