Quadplex With Bonus
For Sale
$850,000
24 Montrose St, Newark, NJ 07106
The property includes varied apartment layouts and additional space with a kitchen, bedroom, and bathroom.
Property SizeContact for details
Days on Market14
Property Features for 24 Montrose St
General Information
Standard status
Active
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Units
Unit Mix
3 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,392
Building Details
Year Built
1910
Units
4
Listing Agency:
(908) 233-9292
Listed By:
AZIZA ARNETTE
Source:
Elliman
Added: Aug 16
Changed: Aug 25
Last Checked: Aug 28 at 1:03PM
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 AZIZA ARNETTE
Investment Insights
Based on property information with market context.
This 1910-built quadplex contains four residential apartments arranged as three three-bedroom, one-bath units and one two-bedroom, one-bath unit. Separate bonus space adds a bedroom, bathroom, and kitchen, expanding the property’s existing configuration. The building is being offered strictly as-is, with the buyer responsible for inspections and the seller making no repairs.
Located at 24 Montrose St in Newark, the property has a Walk Score of 68, a Bike Score of 50, and a Transit Score of 55. The combination of multiple apartment layouts and additional interior space provides a substantial residential income property footprint for an investor evaluating renovation requirements and future operations.
Located at 24 Montrose St in Newark, the property has a Walk Score of 68, a Bike Score of 50, and a Transit Score of 55. The combination of multiple apartment layouts and additional interior space provides a substantial residential income property footprint for an investor evaluating renovation requirements and future operations.
Key Highlights
- Four‑family property with three 3‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath apartment
- Bonus space includes a bedroom, bathroom, and kitchen
- Built in 1910
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - The property includes varied apartment layouts and additional space with a kitchen, bedroom, and bathroom.
Where is this quadplex located?
The property is located at 24 Montrose St Newark, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑family property with three 3‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath apartment; Bonus space includes a bedroom, bathroom, and kitchen; Built in 1910
