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76 Grove St,Montclair Twp., NJ 07042-3723 | Wright Home Realty

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+01-123-4567

Listing Details

76 Grove St,Montclair Twp., NJ 07042-3723

  • January 8, 2026

Description

A rare Montclair multi-family opportunity offering timeless architecture, strong income, and a location that’s second to none. This fully leased four-unit Colonial delivers approximately a 5.8% cap rate with consistent, low-maintenance income and includes two spacious 2-bedroom apartments, one 1-bedroom, and a studio. Updated systems furnace, electric panels, and water heater along with underground oil tank removal provide peace of mind, while a detached 4-car garage and additional parking for 4″6 vehicles offer added convenience and income potential. Ideally situated between two NYC-direct train stations and just steps from Montclair’s vibrant downtown restaurants, boutiques, caf s, and the Wellmont Theater, this is a compelling opportunity for the savvy investor or owner seeking long-term stability in one of New Jersey’s most desirable rental markets.

Details

Last Updated On: January 8th, 2026 at 11:26 am
Property ID:PT-26737220-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 1,450,000 $
Bedrooms:6
Year Built:1890

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 63X200 IRR
Lot Identifier: 29
Lot Description: Level Lot
Lot Identifier: 29

Home Details

Open Parking: 8
Basement: Yes
Renovated: 9999
Basmnt/Desc: Yes - Full, Unfinished, Walkout
Acreage: 0.29
Total Baths: 4.00
Unit Style: 3-Three Story
Number of Units: 4
Rooms: 16
Easement/Desc: Unknown
Roof Description: Composition Shingle
Possesion: 45-60 Days
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Electric, Refrigerator, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 5
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Fireplaces: 1
Unit 1 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Unit 1 Handicap: No
Unit 1 Lease Expire: 2026-06-30
Unit 1 Rent: 2535
Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
Unit 1 Security Deposit: 3700
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Levels: 1
Unit 2 Rooms: 2
Unit 2 Beds: 1
Unit 2 Baths: 1.0
Unit 2 Fireplaces: 1
Unit 2 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Unit 2 Handicap: No
Unit 2 Lease Expire: 2026-06-30
Unit 2 Rent: 1250
Unit 2 Room Description: Bedrooms, Kitchen
Unit 2 Security Deposit: 1875
Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Levels: 2
Unit 3 Rooms: 4
Unit 3 Beds: 1
Unit 3 Baths: 1.0
Unit 3 Fireplaces: 1
Unit 3 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Unit 3 Handicap: No
Unit 3 Lease Expire: 2026-06-30
Unit 3 Rent: 1330
Unit 3 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector
Unit 4 Levels: 4
Unit 4 Rooms: 4
Unit 4 Beds: 2
Unit 4 Baths: 1.0
Unit 4 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Unit 4 Handicap: No
Unit 4 Lease Expire: 2026-09-30
Unit 4 Rent: 1870
Unit 4 Room Description: Bedrooms, Kitchen, Living Room, Storage
Unit 4 Security Deposit: 2800
Garage Description: Detached Garage
Number of Garage Spaces: 4
Block Identifier: 3212
County Number: 16
Town Number: 1613
YB/Desc: 1890 - Approximate
Easement: Unknown
Parking/Driveway Description: Crushed Stone, Off-Street Parking
Block Identifier: 3212
County Number: 16
Town Number: 1613
Possession: 45-60 Days

Taxes, Fees & Assessments

Gross Operating Income: 84780
Net Operating Income: 58123
Expense Include: Insurance, Maintenance, Taxes
Warranty: No
Tax ID For Property: 1613-03212-0000-00029-0000-
Tax Amount: $16,320.00
Tax Year: 2024
Tax Rate: 3.403%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $170,000.00
Building Assessment: $309,600.00
Total Assessment: $479,600.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 1 Unit, Baseboard - Hotwater, Radiators - Hot Water
Cool System: None,SeeRem
Water: Public Water
Sewer: Public Sewer, Sewer Charge Extra

Schools

Grade School: MAGNET
Middle School: MAGNET
High School: MONTCLAIR

Other

Zoning: Residential

Features

  • High Ceilings
  • Partially Fenced
  • See Remarks
  • Stain Glass Windows
  • Tile Floors
  • Vinyl-Linoleum Floors
  • Walk-In Closet
  • Wood Floors

Statistics

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