20 Monroe Pl, Montclair Twp., NJ 07042
Essex County
Key Facts
Description
Investor alert! Solid brick 4-unit property located in the heart of Downtown Montclair, just moments from major shopping centers, restaurants, and public transportation. Property also includes a private backyard, unfinished basement, driveway + garage, and a beautifully built foundation. Two units are currently rented through Section 8 housing assistance, providing built-in income. Don't miss this rare multifamily opportunity in one of Montclair's most desirable locations! A little TLC and cosmetic updates can go a long way in boosting value and maximizing returns. This is a fantastic opportunity for investors or buyers looking to customize and add value.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
2-Two Story
Year Built
1924
Stories
2
Living Area
2,856 sq ft
Lot Size
0.11 acres
Days on Market
274
MLS® Listing#
3980013
Property Features
Heating
Basement
Parking
Construction
Utilities
Financial Details
Annual Taxes
$12,931
Tax year 2024
Assessed Value
$380,000
Parcel Number
1613-04105-0000-00046-0000-
Directions
Off of Maple Avenue.
Affordability Calculator
$199,994
Estimated monthly payment
$5,322/mo
Principal $799,975 · Est. interest $1,116,037 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montclair Twp., NJ
- $661,877
- Median Listing Price
- 38
- Median Days on Market
- 2,266
- Median Sq Ft
- $321
- Median Price / Sq Ft
- 3,788
- Active Listings
- This home’s price is 51% above the area median.
- Its price per sq ft is 9% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montclair Twp., NJ.
Location
Points of Interest in Montclair Twp., NJ
Showing the Montclair Twp. area map.
Nearby Schools
Glenfield Middle School
Secondary · 0.3 mi away
Glen Ridge High School
Secondary · 0.4 mi away
Charles H. Bullock School
Elementary · 0.5 mi away
Nishuane School
School · 0.5 mi away
Glen Ridge Borough of
Secondary · 0.5 mi away
Ridgewood Avenue School
Elementary · 0.6 mi away
Glen Ridge Ras Middle School
School · 0.6 mi away
Glen Ridge Board of Education
School · 0.6 mi away
Linden Avenue School
Elementary · 0.7 mi away
MLC Stem Center
Elementary · 0.8 mi away
Fusion Academy Montclair
School · 0.8 mi away
Bloomfield High School
Secondary · 0.9 mi away
Watchung Cooperative Preschool
School · 0.9 mi away
Immaculate Conception Church
School · 0.9 mi away
Early Explorers Preschool
School · 1.0 mi away
Renaissance Middle School
School · 1.0 mi away
Montclair Community Pre-K
School · 1.0 mi away
Deron School II
Secondary · 1.0 mi away
Montclair Public Schools
School · 1.0 mi away
Hillside Elementary School
Elementary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1604 Yarrow Cir, South Brunswick Twp., NJ | $699,990 | 3 | 3 | 1,842 |
| 31 Pulaski Rd, Readington Twp., NJ | $699,990 | 4 | 3 | — |
| 242 Prospect St, Nutley Twp., NJ | $699,999 | 3 | 3 | 1,577 |
| 159 Church St, South Orange Village Twp., NJ | $699,999 | 4 | 2 | 19,998 |
| 627 Thoreau Ter, Union Twp., NJ | $699,999 | 5 | 3 | 1,495 |
| 16 Headley Ter, Irvington Twp., NJ | $699,999 | 8 | 3 | 2,503 |
Moving Cost Estimate
EXIT Agents in Montclair Twp.
Listing Courtesy: LONE EAGLE MANAGEMENT - 9733777377