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Updated Triplex
For Lease
$925,000

9 Wheeler St, Montclair, NJ 07042

Three apartments offer a mix of two- and one-bedroom layouts, with shared laundry and storage areas.

Space SizeContact for details
Days on Market8

Property Features for 9 Wheeler St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $21,046
Listing Agency: Keller Williams Realty - NJ Metro Group
Listed By: Tamima Friedman ()
Source: Fortuneluxuryrealty
Added: Sep 29 Last Checked: Oct 5 at 6:16PM

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 Keller Williams Realty - NJ Metro Group

Investment Insights

Based on property information with market context.

This three-family property contains 16 rooms, five bedrooms, and four full bathrooms, with central air. The first-floor apartment has two bedrooms and opens to a shared fenced yard and patio. The second-floor unit includes two bedrooms and an office, while the third-floor apartment has one bedroom. Each residence has an eat-in kitchen with quartz counters and stainless appliances; select kitchens also feature custom cabinetry. Rear stairs provide access to storage for all three units.

A renovated lower level, completed in 2025/2026, has separate street access, a common laundry and office area, a slop sink, and a full bathroom. It also has independent split ductless AC and separate utility systems. Bay St Station is 0.4 miles away, and Glen Ridge Station is 0.5 miles away, with direct service to NYC. Shops, dining, schools, and parks in Bloomfield are within 1 mile.

Key Highlights

  • Three‑family property with 16 rooms, 5 bedrooms, and 4 full baths
  • Apartment layouts include 2 bedrooms, 2 bedrooms plus an office, and 1 bedroom
  • Lower level renovated 2025/2026, with separate street access, laundry, office area, and full bath

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Locksmith Butcher Carpet & Flooring Store Fish Market

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,573
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three apartments offer a mix of two- and one-bedroom layouts, with shared laundry and storage areas.
Where is this triplex located?
The property is located at 9 Wheeler St Montclair, NJ.
What is the lease rate?
The lease rate is $925,000.
What are key features of this property?
This property features: Three‑family property with 16 rooms, 5 bedrooms, and 4 full baths; Apartment layouts include 2 bedrooms, 2 bedrooms plus an office, and 1 bedroom; Lower level renovated 2025/2026, with separate street access, laundry, office area, and full bath
More about this property
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