163 Park St Montclair, NJ 07042
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
Location Insight
- Map
- Local Demand
- City
- Montclair
- County
- Essex
- State
- New Jersey
- Longitude
- -74.20977
- Latitude
- 40.8253687
Nearby Similar for Sale
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.