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Diana Kovler

kovlerdiana@gmail.com +1(646) 641-5129

$ 899,000

Est. payment -/mo

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70 Elm St Montclair Twp., NJ 07042

5 Beds

3 Baths

2,159 SqFt

Open House

Sat Jul 25, 2:00pm - 4:00pm

Sun Jul 26, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,159 sqft

Price per Sqft $416

MLS Listing ID 4040945

Style 3-Three Story, Under/Over

Bedrooms 5

Full Baths 2

Half Baths 2

Year Built 1885

Annual Tax Amount $12,045

Tax Year 2025

Lot Size 0.280 Acres

Property Description

Exceptional opportunity to own a legal two-family home in the heart of Montclair! Whether you're looking for a solid investment, an owner-occupied property, or a home with future potential, 70 Elm Street offers outstanding flexibility. One unit features 2 bedrooms, 1 full bath, and 1 half bath, while the second offers 3 bedrooms, 1 full bath, and 1 half bath. Both units include in-unit stackable washer/dryers and have separate utilities. Currently generating over $60,000 in annual net rental income, with both tenants expressing interest in staying, this property offers immediate cash flow for investors. The oversized backyard provides endless possibilities for expansion or the addition of a garage (currently no garage). The home can also be converted into a spacious single-family residence. Additional features include a wide blacktop driveway with ample off-street parking. Conveniently located near public transportation, parks, schools, shopping, and restaurants, this is a rare opportunity to own a versatile property in one of Montclair's most sought-after communities. Whether you're investing today or planning for tomorrow, this property is full of potential.

Location

State NJ

County Essex

Zoning R-2

Rooms

Basement Bilco-Style Door, Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Skylight, Smoke Detector, Stain Glass Windows, Vinyl-Linoleum Floors, Wood Floors

Heating Gas-Natural

Cooling Ceiling Fan, Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Clapboard

Parking Features None

Utilities Available All Underground

Roof Type Asphalt Shingle

Building

Lot Description Level Lot, Open Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story, Under/Over

Schools

Elementary Schools Magnet

Middle Schools Glenfield

High Schools Montclair

Others

Senior Community No

Virtual Tour https://listings.vmdpros.com/sites/u/enqdazla

Listed by PROMINENT PROPERTIES SIR

Diana Kovler

Agent | License ID: 2447270

+1(646) 641-5129

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Diana Kovler

70 Elm St Montclair Twp., NJ 07042

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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70 Elm St