Two-Unit Duplex with Private
For Sale
$799,000
16 Rosedale Ave #2, Montclair, NJ 07042
A second-floor residence includes a sunroom and opens onto a private deck above the backyard.
Property Size2,408 SF
Price / SF$331.81
Days on Market95
Property Features for 16 Rosedale Ave #2
General Information
Standard status
Active
Size
2,408 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Net Operating Income
$1.00
Property Condition
Severity
Repairs Needed
Evidence
stripped down to the studs
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Public Transit
Yes
Amenities
sunroom
private deck
koi pond
patio
Building Details
Building Size
2,408 SF
Year Built
1929
Units
2
Listing Agency:
Realty One Group Legend
Listed By:
Luis Cruz · License #394135
(973) 772-0660
Source:
Culturaunitedrealty
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 23 at 5:19PM
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 Realty One Group Legend
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Investment Insights
Based on property information with market context.
This 1929 duplex in Montclair has two residential units and a finished basement. The first-floor unit has been taken back to the studs; its original layout included two bedrooms, a full bath, living and dining rooms, an office, and a kitchen. The upper unit spans the second and third floors, with three bedrooms, a sunroom, living and dining rooms, a full bath, and a modern kitchen. Sliding doors connect the kitchen to a private deck overlooking the backyard.
The basement contains a full bathroom and three additional rooms. A separate entrance leads to a utility room with two water heaters and two heating systems. Outside, the property has a koi pond, patio, detached two-car garage, and driveway space for up to four vehicles. Shops, parks, schools, a public pool, and public transportation are within walking distance.
The basement contains a full bathroom and three additional rooms. A separate entrance leads to a utility room with two water heaters and two heating systems. Outside, the property has a koi pond, patio, detached two-car garage, and driveway space for up to four vehicles. Shops, parks, schools, a public pool, and public transportation are within walking distance.
Key Highlights
- Two‑unit property built in 1929
- First‑floor unit is stripped to the studs; original plan had 2 bedrooms and 1 full bath
- Upper unit spans the second and third floors and has 3 bedrooms and a private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,301
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,020
$806.0K
Cap Rate 7%
$575,729
$575.7K
Cap Rate 9%
$447,789
$447.8K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$61.5K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.6K $23.91/SF
− OpEx
−$17.3K −$7.17/SF
NOI
$40.3K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,020
Cap Rate 7%
$575,729
Cap Rate 9%
$447,789
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.8K – $671.7K
NOI $40,301 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,030 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$628.8K
$550.2K – $733.6K
NOI $44,014 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A second-floor residence includes a sunroom and opens onto a private deck above the backyard.
Where is this duplex located?
The property is located at 16 Rosedale Ave #2 Montclair, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit property built in 1929; First‑floor unit is stripped to the studs; original plan had 2 bedrooms and 1 full bath; Upper unit spans the second and third floors and has 3 bedrooms and a private deck
