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$ 1,295,000
Est. payment /mo
New
26 Orange Rd Montclair Twp., NJ 07042
5 Beds
4.5 Baths
4,650 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,650 sqft
Price per Sqft $278
MLS Listing ID 3955309
Style 3-Three Story
Bedrooms 5
Full Baths 4
Half Baths 1
Year Built 1920
Annual Tax Amount $28,915
Tax Year 2024
Property Description
Prime Mixed-Use Investment Opportunity. Nestled just off the bustling Bloomfield Avenue, this exceptional mixed-use property offers a strategic location directly across from The MC Hotel. Located in the heart of Montclair's thriving artistic community, attracting a steady stream of visitors and locals alike. Three pristine and fully renovated residential apartments currently generate a monthly income of $6,500. Ground floor office space tenant just vacated which was paying $3500 per month. This property is perfect for an owner occupant to move into the commercial space on the ground floor and collect rent from the three residential apartments above. A new owner may also convert the bottom floor to residential space to live in or rent out (see below). The ground-floor commercial space, recently enhanced with comprehensive interior improvements, stands ready for occupancy or offers the potential for residential conversion, with APPROVALS secured for the next three years. Recent Upgrades: Significant capital improvements include a new roof installed in 2018 at a cost of $30,000 and a brand-new boilers added in 2025 for $17,000, ensuring reduced maintenance concerns for the foreseeable future. The owner has invested an additional $160,000 in upgrading the interiors and mechanical elements of all units for the residential units (3) and commercial space on the ground floor (office 2019). Parking is available in the municipal lot across the street.
Location
State NJ
County Essex
Zoning R2
Rooms
Basement Finished-Partially, French Drain
Interior
Interior Features Carbon Monoxide Detector, Smoke Detector
Heating Gas-Natural
Cooling 4+ Units
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available All Underground
Roof Type Rubberized
Building
Lot Description Irregular Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by KELLER WILLIAMS CITY LIFE REALTY