NJ > Montclair Twp. > Upper
Montclair Twp., NJ 07043,422 Valley Rd
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Salvatore Settepani

Salvatore Settepani

+1(917) 559-9158
$ 1,660,000
Est. payment | /mo

7 Beds

3 Baths

3,480 SqFt

Save
$ 1,660,000
Est. payment | /mo
Save

7 Beds

3 Baths

3,480 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,480 sqft

Price per Sqft $477

Subdivision Upper

MLS Listing ID 3966513

Style 3-Three Story

Bedrooms 7

Full Baths 3

Year Built 1922

Annual Tax Amount $22,663

Tax Year 2024

Lot Size 7,405 Sqft

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.

Location

State NJ

County Essex

Zoning R2

Rooms

Basement Full, Walkout

Interior

Interior Features Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, See Remarks, Shades, Smoke Detector, Tile Floors, Wood Floors

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage, Garage Parking

Garage Spaces 3.0

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner, Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

High Schools Montclair

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by FOURTE INTERNATIONAL
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+1(917) 559-9158

salvatore.settepani@exprealty.com

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422 Valley Rd