163 Park St Montclair, NJ 07042
Five-unit multifamily property in prime location with conversion potential.
Lot size:
0.80 AcresProperty Features for 163 Park St
General Information
- Property type
- Commercial
- Standard status
- Pending
- Lot size
- 0.80 Acres
Building Details
- Year built
- 1887
Source:
Elliman
Listing Agent: Susan Lovit
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Property Opportunity
This multifamily residence, currently configured as a 5-unit investment property, is located within a single-family zone. The property is situated on a spacious, flat lot that includes ample parking, featuring four garage spaces (one currently rented for $125 per month) and outdoor spots for each tenant. The location is approximately 0.3 miles from Watchung Plaza shops, cafes, and the NYC direct train, and 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 surrounding neighborhood features beautiful homes, making it suitable for a single-family conversion or new construction. Four units are currently rented on a month-to-month basis. The house and garage are being sold in strictly AS IS condition, presenting an opportunity for architects and contractors.
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 multifamily property in prime location with conversion potential.
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 potential for conversion to single, 2, 3, or 4-family home.; - Generous parking: Includes 4 garage spaces (one rented for $125/month) and ample outdoor spots.
