Multifamily Income Property with
11 N Mountain Ave Montclair, NJ 07042
New
11 N Mountain Ave, Montclair, NJ, 07042
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Montclair Twp., NJ
Property Size3,579 SF
Lot Size0.31 Acres
Price / SF$377.20
Days on Market7
Property Features for 11 N Mountain Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Basement, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 5
- Parking
- 8
- Patio and Porch features
- Deck, Porch
- Interior features
- Carbon Monoxide Detector, Chandelier, Smoke Detector, Wood Floors
- Exterior features
- Deck, Open Porch(es), Partially Fenced, Sidewalk, Storm Window(s)
- Fencing
- Partial
- Standard status
- Active
- Size
- 3,579 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 26215
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Steam
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1892
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
COMPASS NEW JERSEY, LLC
(973) 315-8180
Listed by
ERICA TRAVIS
(973) 315-8180
Added: Jul 16 Updated: Jul 22 at 3:20PM Checked: Jul 22 at 11:06PM
MLS# 4041044
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.
This center hall colonial offers a multifamily income configuration with newly painted interior and exterior finishes and hardwood floors. The home features original millwork, pocket doors, and four original fireplaces. A recently renovated eat-in kitchen serves as the focal point, supported by 7 bedrooms and 5 updated bathrooms.
A walk-out basement adds additional usable space, including its own bathroom, a convenient small kitchen, a new gas boiler, and ample storage. The third-floor apartment and spacious parking lot currently generate over $3,000 in monthly rental income.
Set in the heart of town, the property is moments from local shopping and restaurants, the Montclair Art Museum, and nearby parks. NYC transit is described as nearby as well, supporting convenient access for residents.
A walk-out basement adds additional usable space, including its own bathroom, a convenient small kitchen, a new gas boiler, and ample storage. The third-floor apartment and spacious parking lot currently generate over $3,000 in monthly rental income.
Set in the heart of town, the property is moments from local shopping and restaurants, the Montclair Art Museum, and nearby parks. NYC transit is described as nearby as well, supporting convenient access for residents.
Key Highlights
- Center hall colonial built in 1892 with 7 bedrooms and 5 bathrooms
- Recently renovated eat‑in kitchen plus hardwood/wood floors, original millwork, pocket doors, and 4 original fireplaces
- Walk‑out basement with its own bathroom, small kitchen, new gas boiler, and ample storage
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 | $91.5k | $25.56 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $85.6k | $23.91 |
| − OpEx | −$25.7k | −$7.17 |
| NOI | $59.9k | $16.74 |
3,579 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,899 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$786.3K
$688.0K – $917.3K
NOI $55,038 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$934.5K
$817.7K – $1.09M
NOI $65,418 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Center hall colonial with a third-floor apartment and parking lot generating over $3,000 monthly rental income.
Where is this duplex located?
The property is located at 11 N Mountain Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Center hall colonial built in 1892 with 7 bedrooms and 5 bathrooms; Recently renovated eat‑in kitchen plus hardwood/wood floors, original millwork, pocket doors, and 4 original fireplaces; Walk‑out basement with its own bathroom, small kitchen, new gas boiler, and ample storage
