1. New Jersey
2. Montclair Twp.
3. 422 Valley Rd

422 Valley Rd, Montclair Twp., NJ 07043

• 7 beds |
• 3 baths

Property Description

This meticulously maintained three-unit property with separate utilities and a three-car garage offers a projected gross annual income of $103,500 and an estimated net of $77,900, resulting in a 4.6% cap rate. Recently bank inspected with no issues, this rare gem sits on a corner lot in highly sought-after Upper Montclair, just blocks from the Watchung train station with a direct line to NYC. Low fixed costs and strong net returns make it an ideal opportunity for both investors and owner-occupants. 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

Interior

• General: Carbon Monoxide DetectorCathedral CeilingFire ExtinguisherSee RemarksShadesSmoke DetectorTile FloorsWood Floors
• Basement: FullWalkout
• A/C: Window A/C(s)
• Heating: Baseboard - ElectricRadiators - SteamGas-Natural

Exterior

• General: Vinyl SidingEnclosed Porch(es)
• Parking: Parking spaces: 3

Construction

• Roofing: Asphalt Shingle

Location

• County: Essex

Lot

• Driveway: Off-Street Parking
• Zoning: R21613-01704-0000-00008-0000-

Utilities

• Utilities: Gas-Natural
• Water: Public Water
• Sewer: Public Sewer

Financial

• Exclusions: 4 AC window units

This listing courtesy of FOURTE INTERNATIONAL