381 BLOOMFIELD AVE Unit 381, Montclair, NJ 07042
Five-unit property combines a leased ground-floor restaurant with four apartments, offering stable income and flexible residential leasing.
- Added:
- Apr 26, 2026
- Days on Market:
- 57
- Last Refresh:
- Jun 15 at 6:52 am
Property Features for 381 BLOOMFIELD AVE Unit 381
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1902
Listing agent CHERYL DARMANIN License #111786,NEWJERSEY
Listing office KELLER WILLIAMS - NJ METRO GROUP (973) 783-7400
Listing date Apr 26, 2026
Source Xome
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 KELLER WILLIAMS - NJ METRO GROUP
HighLights
- Five‑unit mixed‑use property with a ground‑floor restaurant and four residential apartments
- Approx. 5,500 SF total: two 3‑bedroom units and two 1‑bedroom units
- Approx. $143,000 gross income and approx. $85,000 net operating income reported
- Restaurant tenant has a lease through September 2028 with annual rent increases and contributes to utilities and certain operating expenses
- 3 of 4 residential units currently on a month‑to‑month basis, providing leasing flexibility
- Zoned C1 and located in the Central Business District along Bloomfield Avenue near Bay Street Train Station
Overview
The property is located along Bloomfield Avenue, a primary retail corridor in Montclair, New Jersey, with nearby restaurants, shops, and neighborhood amenities. The restaurant tenant is in place with a lease through September 2028, and annual rent increases are noted. The tenant also contributes to utilities and certain operating expenses. Three of the four residential units are on a month-to-month basis, supporting leasing flexibility.
For an owner-operator or investor seeking a combined income stream, this configuration provides ongoing restaurant occupancy while keeping residential terms adaptable. The four-apartment structure offers diversified unit sizes, with two three-bedroom layouts and two one-bedroom layouts, which can be useful when matching leasing needs to different household types.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Montclair
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2156566
- Latitude
- 40.8125903
