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4-Unit Quadplex with Separate Utilities
For Sale
$899,000

137 Valley Rd, Montclair, NJ 07042

All four one-bedroom units are occupied with separate utilities and tenant-paid heat, hot water, electric, water, and sewer.

Property SizeContact for details
Days on Market121

Property Features for 137 Valley Rd

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $15,955

Building Details

Tenancy Multi
Listing Agency: Prominent Properties Sotheby's International Realty-Montclair
Listed By: Sibel Oz
Source: Exprealty
Added: Apr 13 Changed: Aug 8 Last Checked: Aug 10 at 7:25AM

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 Prominent Properties Sotheby's International Realty-Montclair

Investment Insights

Based on property information with market context.

137 Valley Rd in Montclair, NJ is a well maintained, updated 4-unit quadplex investment property. The building contains four one-bedroom units, and all four units are currently occupied.

A key operational feature is separate utilities. Tenants pay for heat, hot water, electric, water, and sewer, which can simplify utility management and budgeting for the property.

The location is described as close to shopping and restaurants, with NYC transportation nearby, supporting tenant convenience for day-to-day needs.

Key Highlights

  • Four one‑bedroom units, all currently occupied
  • Separate utilities for the units
  • Tenants pay heat, hot water, electric, water, and sewer

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Mobile Phone Store Storage Facility Tanning Salon 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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,544
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
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Frequently Asked Questions

What type of property is this?
Quadplex - All four one-bedroom units are occupied with separate utilities and tenant-paid heat, hot water, electric, water, and sewer.
Where is this quadplex located?
The property is located at 137 Valley Rd Montclair, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four one‑bedroom units, all currently occupied; Separate utilities for the units; Tenants pay heat, hot water, electric, water, and sewer
More about this property
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