Two-Family Duplex With Separate
For Sale
$930,000
16 Rosedale Ave, Montclair, NJ 07042
MULTI_FAMILY - Montclair Twp., NJ
Property Size2,408 SF
Price / SF$386.21
Days on Market13
Property Features for 16 Rosedale Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bedroom 5, Bathroom 1
Parking
4
Directions
Orange Rd to Rosedale Ave
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
Other (Heating), Steam
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
Changed: Aug 2
Last Checked: Aug 5 at 7:06PM
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 duplex offers separate utilities and hardwood floors throughout. The first-floor unit has been stripped down to the studs and is ready for renovation, originally configured with two bedrooms, one full bath, a living room, dining room, office space, and kitchen.
The second unit spans the second and third floors and includes three bedrooms, a sunroom, living room, dining room, a full bath, and a modern kitchen with sliding doors to a private deck overlooking the backyard. The finished basement includes a full bathroom, three additional rooms, and a separate entrance to the utility room with two water heaters and two separate heating systems.
The home sits on a serene outdoor setting with a koi pond and patio, plus a detached two-car garage and a driveway that accommodates up to four vehicles. Additional core systems include public water, public sewer, and a shingle roof. Built in 1929, the property is heated by steam and another heating system and features a finished basement.
The second unit spans the second and third floors and includes three bedrooms, a sunroom, living room, dining room, a full bath, and a modern kitchen with sliding doors to a private deck overlooking the backyard. The finished basement includes a full bathroom, three additional rooms, and a separate entrance to the utility room with two water heaters and two separate heating systems.
The home sits on a serene outdoor setting with a koi pond and patio, plus a detached two-car garage and a driveway that accommodates up to four vehicles. Additional core systems include public water, public sewer, and a shingle roof. Built in 1929, the property is heated by steam and another heating system and features a finished basement.
Key Highlights
- Separate utilities for the two‑family layout
- First‑floor unit stripped to the studs for renovation
- Second unit spans two levels with deck off the kitchen
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex featuring separate utilities, hardwood floors, and a finished basement with additional bathroom and rooms.
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: Separate utilities for the two‑family layout; First‑floor unit stripped to the studs for renovation; Second unit spans two levels with deck off the kitchen
