Six-Unit Multifamily
For Sale
$1,990,000
44 Gates Ave, Montclair, NJ 07042
Six-unit residential income building with four garage bays and on-site laundry hook ups.
Property SizeContact for details
Days on Market83
Property Features for 44 Gates Ave
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$22,196
Amenities
Asphalt Shingle Roof
4+ Units Heating
Off-Street Parking
Parking Lot-Exclusive
Building Details
Year Built
1907
Tenancy
Multi
Listing Agency:
PROMINENT PROPERTIES SIR
(973) 783-6900
Listed By:
SIBEL OZ
Source:
Corcoran
Added: Jun 1
Changed: Aug 10
Last Checked: Aug 21 at 9:06AM
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 PROMINENT PROPERTIES SIR
Investment Insights
Based on property information with market context.
This six-unit multifamily property features a mix of unit sizes and bath configurations. There are two units with 2 bedrooms and 2 full bathrooms, two units with 2 bedrooms and 1 full bathroom, and two units with 1 bedroom and 1 bathroom. The building also includes four garage bays, providing dedicated off-street parking capacity, plus an unfinished basement with laundry hook ups.
Located on Gates Ave in Montclair Township, the property sits within the heart of the area’s newly redeveloped business district. The public remarks note proximity to NYC bus/train service, as well as nearby dining and shopping options.
As a residential income asset, the property offers a straightforward unit mix across one- and two-bedroom layouts, supported by garage bays and ample parking for residents. For buyers seeking a compact multifamily with multiple unit configurations and basic shared-support infrastructure in place, this building presents a practical option in Montclair.
Located on Gates Ave in Montclair Township, the property sits within the heart of the area’s newly redeveloped business district. The public remarks note proximity to NYC bus/train service, as well as nearby dining and shopping options.
As a residential income asset, the property offers a straightforward unit mix across one- and two-bedroom layouts, supported by garage bays and ample parking for residents. For buyers seeking a compact multifamily with multiple unit configurations and basic shared-support infrastructure in place, this building presents a practical option in Montclair.
Key Highlights
- 6‑unit residential income building in Montclair’s redeveloped business district
- Unit mix: two 2BR/2BA, two 2BR/1BA, and two 1BR/1BA
- 4 garage bays and ample on‑site parking
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,245
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit residential income building with four garage bays and on-site laundry hook ups.
Where is this apartment building located?
The property is located at 44 Gates Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 6‑unit residential income building in Montclair’s redeveloped business district; Unit mix: two 2BR/2BA, two 2BR/1BA, and two 1BR/1BA; 4 garage bays and ample on‑site parking
