NJ
Essex
Montclair Twp.
07043
422 Valley Rd
422 Valley Rd, Montclair Twp., NJ 07043
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Listing Type
Multi Family
Listing Status
active
45
$1,499,999

Home Details for 422 Valley Rd

Price
$1,499,999
Type
Residential Income
Bedrooms
7
Bathrooms
3.0
Square feet
3480
Year built
1922
Lot size acres
0.17
County
Essex
Total rooms
17
Garage
3
Basement
Full, Walk-Out Access
Days on site
114
MLS Listing#
3966513
Property Description

Are you looking for an investment to super-size your wallet? Look at this, a projected gross annual income of $103,500 and an est. net of $77,900, resulting in a 4.6% cap rate. This pristine multi-family gem on a corner lot in highly sought-after Upper Montclair features 3 impressive rental units with low fixed costs and strong net returns, making it an ideal opportunity for both investors and owner-occupants.Perfectly situated just blocks from the Watchung train station, with a direct line to NYC and easy access to Montclair schools. The 1st and 2nd floors exude charm with hardwood floors, fireplaces, French doors, and private porches. The 3rd floor unit is a fully town-compliant 1 bedroom rental showcasing a modern open layout with vaulted ceilings, skylights, hardwood floors and a sun-drenched living space. Additional highlights include separate utilities for each unit, two laundry rooms, five storage areas in a sparkling clean basement, and a bonus three-car garage with a total of six off-street parking spaces. The property has been extensively upgraded with a roof featuring 40-year Timberline shingles and plywood, a new driveway, thermal windows, updated siding and insulation, a new sewer line, and auto-feeding boilers. There's no oil tank or asbestos on the property. This is a rare, turn-key opportunity to own a well-maintained, income-producing property in one of Montclair's most desirable neighborhoods. Property is being sold as is.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Parking
    • Off Street
    • Detached
  • Basement
    • Full
    • Walk-Out Access
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • House Interior
    • Cathedral Ceiling(s)
  • Utilities
    • Natural Gas Available
School Information
School Information for 422 Valley Rd, Montclair Twp., NJ 07043
Elementary School
N/A
Middle School
N/A
High School
MONTCLAIR
Listing Courtesy: FOURTE INTERNATIONAL - 973-380-0580
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided 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. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2025 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.
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Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Erica Campbell
Franchisee
Office
973 746 4777
Agent
973 277 3965
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