1. New Jersey
  2. Montclair Twp.
  3. 422 Valley Rd
$1,660,000

422 Valley Rd, Montclair Twp., NJ 07043

  • 7 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

Are you looking for an investment to super-size your wallet? Look no further than this pristine multi-family gem on a corner lot in highly sought-after Upper Montclair. This property features three impressive rental units with low fixed costs and strong net returns, with the potential for a gross operating income of $8,625/mo (4.6% cap rate) 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.

Listing Status:
Active
Date Added:
June 6, 2025 at 12:00AM
Listing Office:
FOURTE INTERNATIONAL : 973-380-0580
MLS ID:
3966513
  • General: Carbon Monoxide DetectorCathedral CeilingFire ExtinguisherSee RemarksShadesSmoke DetectorTile FloorsWood Floors
  • Basement: FullWalkout
  • A/C: Window A/C(s)
  • Heating: Baseboard - ElectricRadiators - SteamGas-Natural

This listing courtesy of FOURTE INTERNATIONAL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Edgemont Elementary School

20 Edgemont Rd, Montclair, NJ, 07042

Grades KG-5

0.37 miles away

B

Buzz Aldrin Middle School

173 Bellevue Ave, Montclair, NJ, 07043

Grades 6-8

0.59 miles away

M

Montclair High School

100 Chestnut St, Montclair, NJ, 07042

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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