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Two-Unit Victorian Duplex
For Sale
$999,000
Pending

157 Walnut St, Montclair, NJ 07042

Two residential units offer updated kitchens, flexible rooms, a deck, basement storage, and shared laundry.

Property SizeContact for details
Days on Market89

Property Features for 157 Walnut St

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $17,024

Building Details

Year Built 1892
Listing Agency: NJ Metro Group LLC
Listed By: NANCY E. SUSSMANN
Source: Elliman
Added: Jun 3 Changed: Aug 30 Last Checked: Aug 30 at 12:33AM

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 NJ Metro Group LLC

Investment Insights

Based on property information with market context.

Built in 1892, this two-family Victorian property includes approximately 2,900+ square feet across a flexible layout. The first-floor residence has one bedroom, a dining room, living room, updated eat-in kitchen, original woodwork, pocket doors, and access to a private deck. The second-floor unit includes three bedrooms, a living room, bath, and a newer kitchen. An additional third-floor level contains three rooms and a bathroom, providing added flexibility within the existing structure.

The property sits on a 0.22-acre parcel with a deep backyard and 4+ parking spaces. Shared laundry and storage are located in the basement. Building systems include three electric meters, hot water heaters for each floor, and two furnaces serving the first floor and second/third floors. Walnut Street shops, restaurants, a farmers market, and the NYC train station are two blocks away. The property is offered strictly as-is.

Key Highlights

  • Two‑family Victorian property built in 1892
  • Approximately 2,900+ square feet with flexible multi‑level layout
  • 0.22‑acre parcel with deep backyard and 4+ parking spaces

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tech Support Center Carpet & Flooring Store Auto Parts Store Mobile Phone 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.

Location Intelligence

Trade Area within ½ mile

4,211
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?
Duplex - Two residential units offer updated kitchens, flexible rooms, a deck, basement storage, and shared laundry.
Where is this duplex located?
The property is located at 157 Walnut St Montclair, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family Victorian property built in 1892; Approximately 2,900+ square feet with flexible multi‑level layout; 0.22‑acre parcel with deep backyard and 4+ parking spaces
More about this property
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