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Legal Two-Family Residence
For Sale
$899,000

70 Elm St, Montclair, NJ 07042

Two separate units with in-unit stackable washer/dryers and separate utilities, plus off-street parking and a large backyard.

Property SizeContact for details
Days on Market20

Property Features for 70 Elm St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $12,045

Amenities

in-unit washer/dryer

Building Details

Year Built 1885
Units 2
Listing Agency:
Listed By: LAURENA WHITE
Source: Elliman
Added: Jul 21 Changed: Aug 8 Last Checked: Aug 9 at 8:01AM

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 LAURENA WHITE

Investment Insights

Based on property information with market context.

This legal two-family home offers two distinct living units with in-unit stackable washer/dryers and separate utilities. The first unit is configured with 2 bedrooms, 1 full bath, and 1 half bath, while the second unit features 3 bedrooms, 1 full bath, and 1 half bath.

The property includes a wide blacktop driveway providing off-street parking and an oversized backyard. A garage is not currently present.

The second unit’s additional bedroom, the separate utility setup, and the flexibility of the layout make the home suitable for use as a two-family property, and the structure can also be converted into a single-family residence.

Key Highlights

  • Legal two‑family home built in 1885 with two separate units
  • Unit mix: 2BD/1 full bath/1 half bath plus 3BD/1 full bath/1 half bath
  • Both units have in‑unit stackable washer/dryers and separate utilities

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Auto Parts Store Butcher Storage Facility Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,205
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate units with in-unit stackable washer/dryers and separate utilities, plus off-street parking and a large backyard.
Where is this duplex located?
The property is located at 70 Elm St Montclair, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal two‑family home built in 1885 with two separate units; Unit mix: 2BD/1 full bath/1 half bath plus 3BD/1 full bath/1 half bath; Both units have in‑unit stackable washer/dryers and separate utilities
More about this property
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