Three-Story Residential Income
For Sale
$1,350,000
11 N Mountain Ave, Montclair, NJ 07042
Built in 1892 with natural gas, ceiling fans, and walk-out access.
Property Size3,579 SF
Price / SF$245.41
Days on Market21
Property Features for 11 N Mountain Ave
General Information
Standard status
Active
Size
3,579 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$26,215
Amenities
Ceiling Fan(s)
Natural Gas
Walk-Out Access
3-Three Story
Building Details
Building Size
3,579 SF
Year Built
1892
Stories
3
Listing Agency:
(908) 370-8695
Listed By:
ERICA TRAVIS
(908) 370-8695
Source:
Evrealestate
Added: Jul 16
Changed: Aug 5
Last Checked: Aug 5 at 6:53AM
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 ERICA TRAVIS
Investment Insights
Based on property information with market context.
This residential income property at 11 N Mountain Ave in Montclair Township, New Jersey, dates to 1892 and extends across three stories. Interior features include ceiling fans, natural gas service, and walk-out access.
The property is located in Essex County, with access reached via Bloomfield Ave to N Mountain. Its established construction date and multi-story configuration provide the primary physical characteristics for evaluating the property.
The property is located in Essex County, with access reached via Bloomfield Ave to N Mountain. Its established construction date and multi-story configuration provide the primary physical characteristics for evaluating the property.
Key Highlights
- Three‑story residential income property
- Built in 1892
- Natural gas service
Financial Insights For Apartment 5plus
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 | $165.0k | $30.00 |
| − Vacancy | −$11.2k | −$2.04 |
| EGI | $153.8k | $27.96 |
| − OpEx | −$69.2k | −$12.58 |
| NOI | $84.6k | $15.38 |
5,501 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,594 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,549 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,148
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1892 with natural gas, ceiling fans, and walk-out access.
Where is this residential income property 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: Three‑story residential income property; Built in 1892; Natural gas service
