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163 Park St Montclair, NJ 07042

For Sale
$1,600,000

Five-unit investment property near Watchung Plaza and NYC train.

Source: Compass New Jersey, LLC-Montclair

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


Overview

Multifamily Residence in Prime Location

This expansive multifamily residence, currently configured as a 5-unit investment property, is situated in a single-family zone on a spacious, flat lot. The property includes ample parking, featuring 4 garage spaces (one currently rented for $125 per month) and space for each tenant to have 2 outdoor spots. Located approximately 0.3 miles from Watchung Plaza shops, cafes, and the NYC direct train, it is also near the Walnut St Farmer's Market. The property offers the flexibility to remain a 5-family residence or be converted into a single, 2, 3, or 4-family home. Each unit has separate utilities, and paid laundry is available in the basement. The property is surrounded by other homes, and the neighborhood would also welcome a single family conversion or new build.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Montclair
County
Essex
State
New Jersey
Longitude
-74.20977
Latitude
40.8253687

FAQs

What type of property is this?
Apartment building - Five-unit investment property near Watchung Plaza and NYC train.
Where is this apartment building located?
The property is located at 163 Park St Montclair, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Prime location: just .3 miles to Watchung Plaza shops, cafes, and NYC direct train.; - Multifamily residence with income potential or conversion options.; - Spacious flat lot with ample parking including 4 garage spaces.
More about this property
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