Two-Unit Residential Income
16 Rosedale Ave Montclair, NJ 07042
New
For Sale
$930,000
MULTI_FAMILY - Montclair Twp., NJ
Property Size2,408 SF
Price / SF$386.21
Days on Market1
Property Features for 16 Rosedale Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Basement
- Parking
- 4
- Standard status
- Active
- Size
- 2,408 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14468
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1929
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
LUIS CRUZ · License #394135
(973) 686-7777
Added: Jul 24
Last Checked: Jul 24 at 5:06PM
MLS# 4042812
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate living units within a single home, each with its own utilities. The first-floor unit includes two bedrooms, one full bathroom, a living room, dining room, office space, and kitchen. The second unit spans the second and third floors and features three bedrooms, a sunroom, living room, dining room, a full bathroom, and a modern kitchen with sliding doors to a private deck overlooking the backyard.
A finished basement adds flexible space and includes a full bathroom and three additional rooms, along with a separate entrance to the utility room. The utility room is set up with two water heaters and two house heating systems.
Outside, the property includes a serene backyard with a koi pond and patio, plus a two-car detached garage and a driveway that fits four cars. The home is described as being within walking distance to shops, parks, schools, a public pool, and transportation.
A finished basement adds flexible space and includes a full bathroom and three additional rooms, along with a separate entrance to the utility room. The utility room is set up with two water heaters and two house heating systems.
Outside, the property includes a serene backyard with a koi pond and patio, plus a two-car detached garage and a driveway that fits four cars. The home is described as being within walking distance to shops, parks, schools, a public pool, and transportation.
Key Highlights
- Two‑family home built in 1929 with a finished basement and separate entrances
- First‑floor unit: 2 bedrooms, 1 full bath, living room, dining room, office, and kitchen
- Second unit: 3 bedrooms spanning 2nd and 3rd floors plus sunroom, living room, dining room, full bath, and modern kitchen with sliding doors to a private deck
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.5k | $25.56 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $57.6k | $23.91 |
| − OpEx | −$17.3k | −$7.17 |
| NOI | $40.3k | $16.74 |
2,408 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.8K – $671.7K
NOI $40,301 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,030 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$628.8K
$550.2K – $733.6K
NOI $44,014 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home in Montclair with hardwood floors, separate utilities, and a finished basement with a separate utility entrance.
Where is this duplex located?
The property is located at 16 Rosedale Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Two‑family home built in 1929 with a finished basement and separate entrances; First‑floor unit: 2 bedrooms, 1 full bath, living room, dining room, office, and kitchen; Second unit: 3 bedrooms spanning 2nd and 3rd floors plus sunroom, living room, dining room, full bath, and modern kitchen with sliding doors to a private deck
