Three-Unit Residential Income
19 Montrose St, South Orange, NJ 07079
Triplex, Multi-Family - South Orange Village Twp., NJ
Property size:
3,268 SFLot size:
0.06 AcresPrice / SF:
$259/SF- Added:
- Apr 21, 2026
- Days on Market:
- 64
- Last Refresh:
- Jun 23 at 11:06 pm
Property Features for 19 Montrose St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
- Fireplace
- 1
- Basement Y/N
- 1
- Appliances
- Dishwasher, Oven - Gas, Range, Refrigerator, Washer
- 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
- Baseboard, Fireplace(s), Hot Water (Heating), Other (Heating), Steam
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1923
- Number of units
- 2
- Building materials
- Brick, Stucco
- Roof type
- Asphalt, 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 Apr 21, 2026
MLS# 4022139
Listing URL
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.
HighLights
- 2‑family property at 19 Montrose Street with 8 bedrooms and 3 full bathrooms in 3,268 SF total living space
- Bonus third‑floor unit is vacant; both primary units are currently occupied
- Convenient to South Orange Train Station, about 1.5 miles for NYC transportation access
- 1923 construction with brick and stucco exterior; asphalt/shingle roof
- Basement included; fireplace present; heating includes baseboard, steam, hot water (heating), and other heating
- Appliances included: dishwasher, gas oven, range, refrigerator, and washer
Overview
The property at 19 Montrose St, South Orange Village Township is a well-maintained three-unit residential income building. The overall configuration provides 8 bedrooms and 3 full bathrooms across 3,268 square feet of living space. Both primary units are currently occupied, and there is also a bonus unit on the third floor that is vacant, offering flexibility for an owner-operator or an incoming renter.
The building is positioned for everyday convenience, with access to shopping, dining, parks, and major roadways. It is also about 1.5 miles from the South Orange Train Station, supporting straightforward commuter access to NYC transportation.
For prospective owners, the current mix of occupied units and a vacant third-floor unit may be appealing for maintaining immediate rental income while preparing the third unit for occupancy. The building’s straightforward duplex-and-bonus arrangement can also fit buyers seeking a manageable, multi-unit setup in a well-kept residential structure.
The building is positioned for everyday convenience, with access to shopping, dining, parks, and major roadways. It is also about 1.5 miles from the South Orange Train Station, supporting straightforward commuter access to NYC transportation.
For prospective owners, the current mix of occupied units and a vacant third-floor unit may be appealing for maintaining immediate rental income while preparing the third unit for occupancy. The building’s straightforward duplex-and-bonus arrangement can also fit buyers seeking a manageable, multi-unit setup in a well-kept residential structure.
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 6.44%
Second Best
Apartment 5plus
$717.9K
$628.2K – $837.6K
NOI $50,255 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$853.3K
$746.7K – $995.6K
NOI $59,734 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- South Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.25173
- Latitude
- 40.75507
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained three-unit property with two occupied units and a vacant third-floor bonus unit.
Where is this duplex located?
The property is located at 19 Montrose St South Orange, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2‑family property at 19 Montrose Street with 8 bedrooms and 3 full bathrooms in 3,268 SF total living space; Bonus third‑floor unit is vacant; both primary units are currently occupied; Convenient to South Orange Train Station, about 1.5 miles for NYC transportation access
