163 Park Street Montclair, NJ 07042
Listing Courtesy of: NJMLS / Compass New Jersey, LLC-Montclair

  163 Park Street Montclair, NJ 07042

Active (254 Days)
$1,600,000
10
BED
5
BATH

Description

Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.

MLS #:
24027935
Taxes
$29,520
Lot Size
0.8 acres
Type
Multifamily
Style
Mixedflr
County
Essex County

Listed By

Susan Lovit, Compass New Jersey, LLC-Montclair
Source
NJMLS
Last checked May 9 2025 at 5:36 PM EDT
Bathroom Details
  • Full Bathrooms: 5
Utility Information
  • Utilities: Electricity Connected, Natural Gas Connected
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by C21 Cedarcrest Realty, Inc. and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 NJMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/9/25 10:36