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    20 Monroe Pl Montclair, NJ 07042

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    For Sale
    $1,200,000

    Four-unit property in Downtown Montclair near shopping and transportation.

    Lot size:
    0.11 Acres

    Property Features for 20 Monroe Pl

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1924

    Source: LONE EAGLE MANAGEMENT Agent JAMES DEBROSSE

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

    Overview

    Montclair Four-Unit Multifamily Property

    This is a four-unit multifamily property constructed with solid brick. It is located in Downtown Montclair, New Jersey, near shopping centers, restaurants, and public transportation. The property features a private backyard, an unfinished basement, a driveway, and a garage. The building has a foundation. Two of the four units are currently rented through Section 8 housing assistance, providing existing income. The property is located in a desirable location.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2137668
    Latitude
    40.8020888

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Downtown Montclair near shopping and transportation.
    Where is this quadplex located?
    The property is located at 20 Monroe Pl Montclair, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime Downtown Montclair location: Close to shopping, restaurants, and public transportation.; - Income-generating property: Two units currently rented through Section 8.; - Solid brick 4-unit building: Durable construction with multifamily potential.
    (973) 377-7377
    Request Owner's contact information
    20 Monroe Pl 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
    20 Monroe Pl Montclair, NJ 07042
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