19 Montrose St South Orange, NJ 07079
MULTI_FAMILY - South Orange Village Twp., NJ
Property Features for 19 Montrose St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Basement, Bedroom 3, Bedroom 6
- Standard status
- Active
- Size
- 3,268 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16798
Utilities
- Heating system
- Other (Heating), Hot Water(Heating), Baseboard, Steam
- Water source
- Public
Building Details
- Year built
- 1923
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent NICHOLAS WALSH (973) 539-6300
Listing office RE/MAX SELECT ONE MADISON AVE, Morristown, NJ (973) 539-6300
Listing date Jul 14, 2026
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.
The property is located in South Orange Village Township, Essex County. It is approximately 1.5 miles from the South Orange Train Station, with shopping, dining, parks, and major roadways in close proximity.
The layout includes occupied units and additional bonus space that can support flexible use within the building. Both units are currently occupied, and the third-floor bonus unit is vacant.
Key Highlights
- Well‑maintained 2‑family property with 3,268 sq ft of living space
- Total of 8 bedrooms and 3 full bathrooms across the building
- Both units are currently occupied
Local 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 | $83.5k | $25.56 |
| − Vacancy | −$5.4k | −$1.65 |
| EGI | $78.1k | $23.91 |
| − OpEx | −$23.4k | −$7.17 |
| NOI | $54.7k | $16.74 |
