Two-Family Residential Income
19 Montrose Street South Orange, NJ 07079
New
19 Montrose Street, South Orange, NJ, 07079
$825,000
For Sale
$825,000
MULTI_FAMILY - South Orange Village, NJ
Property Size3,268 SF
Price / SF$252.45
Days on Market4
Property Features for 19 Montrose Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Basement, Bedroom 8, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7
- Standard status
- Active
Listing Agency
RE/MAX SELECT - Morristown
(973) 539-6300
Westfield, NJ
Listed by
Nicholas Walsh
(908) 233-9292
Added: Jul 16 Checked: Jul 19 at 11:06 am
MLS# 26026436
Listing URL
Copyright © 2026 New Jersey MLS Inc. 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.
Well-maintained two-family residential income property at 19 Montrose Street in South Orange Village. The building contains a total of 8 bedrooms and 3 full bathrooms across 3,268 square feet of living space. Both primary units are currently occupied. Unit 1 includes a finished basement with two bonus bedrooms and additional baths. There is also a 2-bedroom, 1-bath vacant bonus unit on the third floor.
The property is conveniently located about 1.5 miles from the South Orange Train Station, offering access to NYC transportation, and it is close to shopping, dining, parks, and major roadways.
The property is conveniently located about 1.5 miles from the South Orange Train Station, offering access to NYC transportation, and it is close to shopping, dining, parks, and major roadways.
Key Highlights
- Well‑maintained 2‑family property at 19 Montrose Street in South Orange
- Total of 8 bedrooms and 3 full bathrooms across 3,268 sq ft of living space
- 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 |
3,268 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$781.3K
$683.7K – $911.6K
NOI $54,694 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$717.9K
$628.2K – $837.6K
NOI $50,255 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$853.3K
$746.7K – $995.6K
NOI $59,734 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family property with multiple bedroom/bath configurations, including an in-unit finished basement and a vacant third-floor unit.
Where is this duplex located?
The property is located at 19 Montrose Street South Orange, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Well‑maintained 2‑family property at 19 Montrose Street in South Orange; Total of 8 bedrooms and 3 full bathrooms across 3,268 sq ft of living space; Both units are currently occupied
