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    64 Montclair Ave Newark, NJ 07104

    For Sale
    $919,000

    Impeccable, renovated three-family property near Downtown Newark.

    Lot size:
    0.12 Acres

    Property Features for 64 Montclair Ave

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    2002

    Source: RE/MAX PROFESSIONALS I Agent CESAR GONZALEZ

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

    Overview

    Newark Three-Family Income Property

    Located in North Newark, this three-family property presents an income-producing opportunity. Constructed relatively recently, the building features a two-car garage and an expansive lot with parking space for 5 to 6 additional vehicles. The property underwent a complete renovation in 2017 and features hardwood floors throughout. The location provides convenient access to Downtown Newark and EWR Airport, with an easy commute to NYC.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1579999
    Latitude
    40.776862

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    FAQs

    What type of property is this?
    Triplex - Impeccable, renovated three-family property near Downtown Newark.
    Where is this triplex located?
    The property is located at 64 Montclair Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $919,000.
    What are key features of this property?
    This property features: - Income-producing three-family property.; - Newer construction (built in 2002) with complete renovation in 2017.; - Two-car garage plus parking for 5-6 additional cars.
    (973) 450-4000
    Request Owner's contact information
    64 Montclair Ave Newark, NJ 07104
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    Newark, NJ 07104
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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
    64 Montclair Ave Newark, NJ 07104
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