For Multi Family

167 Harrison Ave,Montclair Twp., NJ 07042-2449

March 5, 2026

This exceptional mixed-use investment is located in the heart of Montclair and offers modern renovations, reliable income, and strong long-term rental potential. This corner property combines street level retail with two beautifully updated residential units (renovated 2025!) above, all in a highly desirable location.The ground floor features an income-producing retail space with less than five years remaining on its lease and strong upside potential, ensuring steady cash flow from day one and built in future rent growth. Above are two fully renovated apartments, each featuring hardwood floors, oversized windows, stackable washer/dryers, private decks, and dedicated parking.The second-floor apartment offers 2 bedrooms and 1 bath across almost 1,000 sq ft, with an open layout and a sun-drenched, modern kitchen. The third-floor 1 bedroom 1-bath unit spans close to 900 sq ft and includes an oversized kitchen and updated bath. Both units are stylish and offer modern amenities such as contemporary kitchens and baths, private outdoor spaces, and split ac/heating systems.With a quality tenants in place and low maintenance turn key spaces, this property presents an ideal opportunity for investors seeking stability, appreciation, and immediate income in one of Montclair’s most sought-after locations.

Property ID:PT-30726064-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,049,000 $

Bedrooms:3

Year Built:1885

Listing Details

Status: Active

Location

County: Essex

Lotsize: 30X79 IRR

Lot Identifier: 5

Lot Description: Corner

Lot Identifier: 5

Home Details

Open Parking: 3

Basement: Yes

Renovated: 2025

Basmnt/Desc: Yes - Unfinished

Total Baths: 2.10

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 13

Easement/Desc: No

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: upon closing

Unit 1 Levels: 1

Unit 1 Rooms: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Lease Expire: 2030-11-30

Unit 1 Rent: 1500

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer

Unit 2 Levels: 1

Unit 2 Rooms: 7

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Lease Expire: 2026-09-01

Unit 2 SqFt: 966

Unit 2 Rent: 3350

Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Laundry Room, Living Room, Porch

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer

Unit 3 Levels: 1

Unit 3 Rooms: 5

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Lease Expire: 2027-04-30

Unit 3 SqFt: 867

Unit 3 Rent: 1950

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Porch

Unit 3 Security Deposit: 2925

Color of Building: Light Blue

Block Identifier: 1907

County Number: 16

Town Number: 1613

YB/Desc: 1885 - Renovated

Color of Building: Light Blue

Easement: No

Parking/Driveway Description: Parking Lot-Exclusive

Block Identifier: 1907

County Number: 16

Town Number: 1613

Possession: upon closing

Taxes, Fees & Assessments

Gross Operating Income: 81600

Net Operating Income: 62982

Expense Include: Cold Water, Insurance, Taxes

Tax ID For Property: 1613-01907-0000-00005-0000-

Tax Amount: $11,444.00

Tax Year: 2025

Tax Rate: 3.516%

Tax Rate Year: 2025

Land Assessment: $80,300.00

Building Assessment: $319,600.00

Total Assessment: $399,900.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Electric

Heat System: 3 Units

Cool System: 3 Units, Ductless Split AC

Water: Public Water

Sewer: Public Sewer

Utilities: Electric

Other

Zoning: R2

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Listing Details

167 Harrison Ave,Montclair Twp., NJ 07042-2449

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