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$899,000
5 Beds 2.2 Baths 4040945 MLS
Exceptional opportunity to own a legal two-family home in the heart of Montclair! Whether you're looking for a solid investment, an owner-occupied property, or a home with future potential, 70 Elm Street offers outstanding flexibility. One unit features 2 bedrooms, 1 full bath, and 1 half bath, while the second offers 3 bedrooms, 1 full bath, and 1 half bath. Both units include in-unit stackable washer/dryers and have separate utilities. Currently generating over $60,000 in annual net rental income, with both tenants expressing interest in staying, this property offers immediate cash flow for investors. The oversized backyard provides endless possibilities for expansion or the addition of a garage (currently no garage). The home can also be converted into a spacious single-family residence. Additional features include a wide blacktop driveway with ample off-street parking. Conveniently located near public transportation, parks, schools, shopping, and restaurants, this is a rare opportunity to own a versatile property in one of Montclair's most sought-after communities. Whether you're investing today or planning for tomorrow, this property is full of potential. Chimney flue and fireplace "as is?. The underground oil tank has been removed before coming on the market.

70 Elm St, Montclair Twp.

$899,900
4018433 MLS
Exceptional mixed-use opportunity in the heart of downtown Montclair! The first floor offers approximately 2,500 SF of retail space with a full basement, one bathroom, and direct access to the backyard. Currently rented on a month-to-month basis, the tenant is open to negotiating a new lease with the new owner, or the space can be delivered vacant, providing immediate flexibility for retail, restaurant, or service use. Estimated rental income for the retail space is approximately $5,000 per month.The property presents a strong cap rate of 7% or higher, with additional income potential from basement storage. A dedicated loading area with direct basement access further enhances its functionality for a variety of business uses.The second floor features two one bedroom, one bath apartments, leased through the end of February 2027, generating $3,333 per month in rental income. Ideally located in a high-traffic area near shops, restaurants, and public transit, this property is well suited for investors or owner users seeking a versatile asset with stable income and long-term growth potential.

220 Bloomfield Ave, Montclair Twp.

$849,900
5 Beds 3 Baths 4018268 MLS
Welcome to this well-maintained two-family home nestled on a quiet dead-end street in the highly desirable town of Montclair. This property offers a fantastic opportunity for both investors and owner-occupants alike.Each unit provides comfortable living space, while recent updates including new furnaces and a new water heater offer added peace of mind and efficiency. The home also features a detached two-car garage, providing ample parking and storage.Conveniently located just minutes from public transportation, this property is ideal for commuters. Enjoy easy access to Montclair's vibrant shopping districts, dining, and local restaurants, all while coming home to a peaceful, low-traffic setting.Don't miss your chance to own a versatile, income-producing property in one of Essex County's most sought-after communities.

29 Warman St, Montclair Twp.

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