76 Grove St, Montclair Twp., NJ 07042
Essex County
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story / See Remarks
Year Built
1890
Stories
3
Living Area
3,550 sq ft
Lot Size
0.29 acres
Garage Spaces
4
Days on Market
174
MLS® Listing#
4003954
Property Features
Interior
Appliances
Heating
Flooring
Basement
Parking
Lot Features
Roof
Sewer
Water Source
Schools
- Elementary:
- MAGNET
- Middle:
- MAGNET
- High:
- MONTCLAIR
Financial Details
Annual Taxes
$16,320
Tax year 2024
Assessed Value
$479,600
Parcel Number
1613-03212-0000-00029-0000-
Directions
Grove Street, between Glenridge and Claremont Avenues
Affordability Calculator
$265,000
Estimated monthly payment
$7,052/mo
Principal $1,060,000 · Est. interest $1,478,794 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montclair Twp., NJ
- $661,201
- Median Listing Price
- 39
- Median Days on Market
- 2,250
- Median Sq Ft
- $321
- Median Price / Sq Ft
- 3,840
- Active Listings
- This home’s price is 100% above the area median.
- Its price per sq ft is 16% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montclair Twp., NJ.
Location
- 76 Grove St, Montclair Twp., NJ 07042
Points of Interest in Montclair Twp., NJ
Showing the Montclair Twp. area map.
Nearby Schools
Deron School II
Secondary · 0.3 mi away
Fusion Academy Montclair
School · 0.3 mi away
Charles H. Bullock School
Elementary · 0.3 mi away
Immaculate Conception Church
School · 0.4 mi away
Watchung Cooperative Preschool
School · 0.4 mi away
Renaissance Middle School
School · 0.4 mi away
Glenfield Middle School
Secondary · 0.5 mi away
Park Street Academy
School · 0.5 mi away
Early Explorers Preschool
School · 0.5 mi away
Montclair Cooperative School
Secondary · 0.6 mi away
Renaissance at Rand Pta
Secondary · 0.6 mi away
Montclair Public Schools
School · 0.6 mi away
Montclair Community Pre-K
School · 0.6 mi away
Hillside Elementary School
Elementary · 0.7 mi away
Montclair High School
Secondary · 0.7 mi away
Glen Ridge Borough of
Secondary · 0.8 mi away
Ridgewood Avenue School
Elementary · 0.9 mi away
Glen Ridge Ras Middle School
School · 0.9 mi away
Forest Avenue School
Elementary · 0.9 mi away
Glen Ridge High School
Secondary · 1.0 mi away
Commute Calculator
Nearby Homes
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 123 Gibson Blvd, Clark Twp., NJ | $929,000 | 5 | 3 | — |
| 355 Chestnut Ave, South Hackensack Twp., NJ | $929,000 | 5 | 3 | 2,585 |
| 2097 Galloping Hill Rd, Union Twp., NJ | $929,000 | 6 | 3 | — |
| 121 Rolling Hill Drive, Long Hill Twp., NJ | $940,000 | 5 | 5 | — |
| 136 Lake Shore Dr, Parsippany-Troy Hills Twp., NJ | $945,000 | 5 | 3 | — |
| 190 Pine Brook Rd, Montville Twp., NJ | $945,999 | 5 | 4 | 3,500 |
Moving Cost Estimate
EXIT Agents in Montclair Twp.
Listing Courtesy: BROWN HARRIS STEVENS NEW JERSEY - 9737446033