Duplex with Two-Car
540 Upper Mountain Avenue, Montclair, NJ 07043
For Sale
$1,275,000
Separate utilities and basement laundry support the property's two residential units.
Property Size3,100 SF
Lot Size0.25 Acres
Price / SF$411.29
Days on Market25
Property Features for 540 Upper Mountain Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Net Operating Income
Additional Details
Public Transit
Multifamily Units
Amenities
private outdoor space
basement laundry
storage
Carbon Monoxide Detector
Window Treatments
Wood Floors
Building Details
Year Built
Units
Listing Agency:
Corcoran Sawyer Smith
(201) 653-8000
Listed By:
Laura Dougherty-Drago · License #1642812 (NJ)
(908) 685-8200
Source:
Arcadiarealtors
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
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 Corcoran Sawyer Smith
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 1925 duplex contains approximately 3,100 square feet on an 80-by-135-foot lot. The first-floor unit has two bedrooms, a full bath, living and dining areas, and private outdoor space. The upper unit spans the second and third floors and includes a new kitchen, new flooring, an updated bathroom, office space, additional bedrooms, and a full bath on the third floor.
Separate utilities serve the units. The basement provides laundry and storage, while the two-car garage has one space for each unit, with two additional off-street parking spaces. Montclair Heights train station, Montclair State University, Iris Gardens, Mountainside Park, and Bradford Elementary School are one block away.
Separate utilities serve the units. The basement provides laundry and storage, while the two-car garage has one space for each unit, with two additional off-street parking spaces. Montclair Heights train station, Montclair State University, Iris Gardens, Mountainside Park, and Bradford Elementary School are one block away.
Key Highlights
- Approximately 3,100 square feet on an 80‑by‑135‑foot lot
- Two units with separate utilities
- First‑floor unit has 2 bedrooms, 1 full bath, living and dining areas, and private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,882
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,640
$1.0M
Cap Rate 7%
$741,171
$741.2K
Cap Rate 9%
$576,467
$576.5K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$79.2K $25.56/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$74.1K $23.91/SF
− OpEx
−$22.2K −$7.17/SF
NOI
$51.9K $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%
$1,037,640
Cap Rate 7%
$741,171
Cap Rate 9%
$576,467
Alternative Uses
Best Use
Multifamily LT 5
$741.2K
$648.5K – $864.7K
NOI $51,882 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$681.0K
$595.9K – $794.5K
NOI $47,672 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,663 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 07043, NJ
14,219
Population
4,499
Households
3.2
Avg Household Size
36
Median Age
84%
College-Educated
99%
High-School Grad
2.5 sq mi
ZIP Area
5,688
Density / Sq Mi
$250,001
Median Household Income
$102,273
Median Earnings
$2,287
Median Rent
$948,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Essex County, NJ
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and basement laundry support the property's two residential units.
Where is this duplex located?
The property is located at 540 Upper Mountain Avenue Montclair, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Approximately 3,100 square feet on an 80‑by‑135‑foot lot; Two units with separate utilities; First‑floor unit has 2 bedrooms, 1 full bath, living and dining areas, and private outdoor space
