Active

163 Park Street

Montclair NJ, 07042

$1,600,000


$323.56 per sqft

Active

4,945 sqft

Commercial

Built in 1887

Listed by Susan Lovit with Compass New Jersey, LLC-Montclair 9734777252

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.

24027931

MLS ID

August 29, 2024

Listed

December 17, 2024

Updated

Map

163 Park Street
Montclair NJ, 07042

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Architectual Style

Industrial

Other Property Details

Taxes

$29,520


Tax Frequency

Annually


Garage

No


View

No


County

ESSEX


Pool

No

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS.  Real estate listings held by brokerage firms other than Christie's International Real Estate are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.  Some properties listed with the participating brokers do not appear on this website at the request of the seller.  Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed.  Last date updated:  12/17/2024 

Source:  New Jersey Multiple Listing Service, Inc.

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