For Multi Family

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

January 7, 2026

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.

Property ID:PT-23676296-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,450,000 $

Bedrooms:6

Year Built:1890

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

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Listing Details

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

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