Renovated Two-Family
For Sale
$1,495,000
30 Irving St, Montclair, NJ 07042
Two separate residences offer the option to occupy one home while generating rental income from the other.
Property Size5,050 SF
Price / SF$296.04
Days on Market8
Property Features for 30 Irving St
General Information
Standard status
Active
Size
5,050 SF
Property subtype
Residential Income
Units
Unit Mix
3BR/3BA, 4BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,738
Amenities
Central Air
Electric, Forced Air, Heat Pump, Natural Gas
Finished, Full
Electric Water Heater
Walk-In Closet(s)
Shared Driveway, Off Street, On Street
Under/Over
Building Details
Year Built
1917
Buildings
1
Listing Agency:
Compass New Jersey, LLC-Montclair
Listed By:
Cynthia Lubin · License #300635
(551) 200-7590
Source:
Evrealestate
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 6:09AM
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 Compass New Jersey, LLC-Montclair
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated two-family property in Montclair contains two residences with a combined 7 bedrooms and 6 full bathrooms. The first-floor home has 3 bedrooms, 3 full baths, hardwood floors, an open living and dining area, a sunroom, and a primary suite with a private bath. Its finished lower level includes a full bath, a second laundry closet, and space for a kitchenette or wet bar.
The upper residence spans the second and third floors. Its main level includes 3 bedrooms, 2 full baths, an updated kitchen, living and dining areas, and in-unit laundry. The top floor adds a fourth bedroom, a full bath, a great room, and space for a wet bar or kitchenette. The two homes can be used separately, including occupying one while renting the other.
The upper residence spans the second and third floors. Its main level includes 3 bedrooms, 2 full baths, an updated kitchen, living and dining areas, and in-unit laundry. The top floor adds a fourth bedroom, a full bath, a great room, and space for a wet bar or kitchenette. The two homes can be used separately, including occupying one while renting the other.
Key Highlights
- Two residences with 7 bedrooms and 6 full bathrooms combined
- First‑floor residence: 3 bedrooms and 3 full baths
- Upper residence spans the second and third floors, with 4 bedrooms and 3 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,518
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,690,360
$1.7M
Cap Rate 7%
$1,207,400
$1.2M
Cap Rate 9%
$939,089
$939.1K
Market Conditions
NOI Build-Up for 5,050 SF
Gross rent
$129.1K $25.56/SF
− Vacancy
−$8.3K −$1.65/SF
EGI
$120.7K $23.91/SF
− OpEx
−$36.2K −$7.17/SF
NOI
$84.5K $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%
$1,690,360
Cap Rate 7%
$1,207,400
Cap Rate 9%
$939,089
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,518 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$1.11M
$970.7K – $1.29M
NOI $77,659 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,306 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer the option to occupy one home while generating rental income from the other.
Where is this duplex located?
The property is located at 30 Irving St Montclair, NJ.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two residences with 7 bedrooms and 6 full bathrooms combined; First‑floor residence: 3 bedrooms and 3 full baths; Upper residence spans the second and third floors, with 4 bedrooms and 3 full baths
