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11-Unit Apartment Building
For Sale
Contact for pricing
Pending

179 Walnut St, Montclair, NJ 07042

Rooming house designation and rent-control status shape the property's operating framework.

Property SizeContact for details
Days on Market143

Property Features for 179 Walnut St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 11

Building Details

Buildings 1
Listing Agency: Village Square Realtors
Listed By: Jerome Sahlman · License #NJ 0018380
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Village Square Realtors

Investment Insights

Based on property information with market context.

This 11-unit apartment property carries a rooming house designation and is subject to rent control. The building has been well cared for and is presented as ready for continued use or further planning within its existing regulatory framework.

The property is located at 179 Walnut St in Montclair, with access to Mid-town Direct and proximity to downtown. Its existing designation and unit count provide a clear basis for evaluating the building's housing configuration and operating requirements.

Key Highlights

  • 11‑unit apartment building
  • Rooming house designation
  • Subject to rent control

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Supermarket Fish Market Carpet & Flooring Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

3,921
Businesses Nearby

Demographics for 07042, NJ

27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Rooming house designation and rent-control status shape the property's operating framework.
Where is this apartment building located?
The property is located at 179 Walnut St Montclair, NJ.
What are key features of this property?
This property features: 11‑unit apartment building; Rooming house designation; Subject to rent control
(973) 509-2222 Call to check price and availability
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