1. New Jersey
2. Montclair
3. 129 Maple Avenue

129 Maple Avenue, Montclair, NJ 07042

Property Description

Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2024, this turnkey 7-unit mixed-use property on Maple Ave features 6 residential apartments and 1 commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious 2-bedroom units and one studio, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience. The building is stabilized with market rents in 6 of the 7 units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly re-developed Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods!

Listing Status:

Active

Date Added:

April 22, 2025 at 05:00AM

Listing Office:

Keller Williams Prosperity Realty : 973-696-0077

Listing Agent:

David E Arteaga : (862) 621-5890

MLS ID:

25013013

Interior

• Heating: BaseboardGasHot AirMulti-Zone

Location

Utilities

Financial

This listing courtesy of David E Arteaga, Keller Williams Prosperity Realty