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    76 Grove St, Unit 4 Montclair, NJ 07042

    For Sale
    $1,450,000

    Four-unit property in desirable location with consistent returns.

    Lot size:
    0.29 Acres

    Property Features for 76 Grove St

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1890

    Source: BROWN HARRIS STEVENS NEW JERSEY Agent BARBARA HUGHES

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Montclair Quadplex

    This fully leased four-unit Colonial is located in a desirable New Jersey town. The property includes two 2-bedroom units, one 1-bedroom unit, and one studio apartment. It is conveniently located between two NYC-direct train stations and near a farmers market, dining options, boutique shopping, the Wellmont Theater, Montclair Art Museum, and the Public Library. Recent updates include the water heater, electric panels, and furnace. The underground oil tank has been removed. A detached 4-car garage and additional parking for 4 to 6 vehicles are available, offering potential rental income. The property offers an approximate 5.8% cap rate.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2106136
    Latitude
    40.8127987

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in desirable location with consistent returns.
    Where is this quadplex located?
    The property is located at 76 Grove St, Unit 4 Montclair, NJ.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Fully leased four-unit building offering an approximate 5.8% cap rate.; - Prime Montclair location, steps from the farmers market, dining, shopping, Wellmont Theater, Montclair Art Museum, and Public Library.; - Convenient access to two NYC-direct train stations.
    (973) 744-6033
    Request Owner's contact information
    76 Grove St, Unit 4 Montclair, NJ 07042
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    Montclair, NJ 07042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    76 Grove St, Unit 4 Montclair, NJ 07042
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