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53 Portland Pl

Montclair Twp., NJ 07042
  • $975,000
  • STATUS: Active Under Contract
  • ON SITE: 65 Days
  • MLS #: 3933285
Under Contract
UPDATED: 47 min ago
$975,000
  • 6
    BEDS
  • 0.09
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,162
    SQFT
  • $451
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1892
County:

School Ratings & Info

Description

Welcome Investors and Home Buyers! This multifamily home is perfect for an owner-occupied investor! This charming two-family multifamily home features a vacant second-floor unit, providing an excellent opportunity to live in one unit while generating rental income from the other. Don't miss out on this fantastic investment potential. Discover this stunning late 19th-century wood-framed multifamily unit in the heart of the Bloomfield Ave downtown area of Montclair Township. Perfectly located near NYC bus and NJ Transit for easy commuting, this property features: Two Spacious Units: Each with 3 bedrooms and 1 bathroom. Common Access: Basement and attic accessed via a shared front hall. Charming Enclosed Porches: Enjoy both front and back porches for added living space. Fenced Backyard: A shared, fenced-in backyard offers outdoor relaxation. This property fully rented, brings in $6,220 per month. Newly renovated in 2015, it boasts a modern kitchen, hardwood floors, and updated bathrooms. Each unit has its own private washer/dryer and an allocated enclosed storage cage in the basement.

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-01-12T15:46:25.55.
www.latestnjlistings.com/homes/157630207
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53 Portland Pl Montclair Twp., NJ 07042

  • Price: $975,000
  • Status: Active Under Contract
  • On Site: 65 Days
  • Updated: 47 min ago
  • MLS #: 3933285
6
Beds
2
Baths
0
½ Baths
0.09
Acres
2,162
SQFT
$451
$/SQFT
1892
Built
Neighborhood:
Downtown
County:
Essex
Area:
Montclair Twp.
Property Description
Welcome Investors and Home Buyers! This multifamily home is perfect for an owner-occupied investor! This charming two-family multifamily home features a vacant second-floor unit, providing an excellent opportunity to live in one unit while generating rental income from the other. Don't miss out on this fantastic investment potential. Discover this stunning late 19th-century wood-framed multifamily unit in the heart of the Bloomfield Ave downtown area of Montclair Township. Perfectly located near NYC bus and NJ Transit for easy commuting, this property features: Two Spacious Units: Each with 3 bedrooms and 1 bathroom. Common Access: Basement and attic accessed via a shared front hall. Charming Enclosed Porches: Enjoy both front and back porches for added living space. Fenced Backyard: A shared, fenced-in backyard offers outdoor relaxation. This property fully rented, brings in $6,220 per month. Newly renovated in 2015, it boasts a modern kitchen, hardwood floors, and updated bathrooms. Each unit has its own private washer/dryer and an allocated enclosed storage cage in the basement.
Exterior Features

Approximate Lot Size 30X130 Color Of Building Beige Exterior Description Aluminum Siding Exterior Features OpenPrchSidewalkFencVnyl Lot Description Level Lot Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Central Air Heating Forced Hot Air Interior Features BlindsCarbon Monoxide DetectorFire ExtinguisherSmoke DetectorWalk-In ClosetWood Floors Total Number Of Rooms 10 Unit1 Appliances Equipment CarbMDetCeilFanCookGasDishwshrRgOvGasRefrig Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsFamily RoomKitchen Unit1 Rooms 5 Unit1 Security Deposit 4575 Unit1 Sq Ft 1081 Unit2 Appliances Equipment CarbMDetCeilFanCookGasDishwshrRgOvGasRefrig Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsFamily RoomKitchen Unit2 Rooms 5 Unit2 Sq Ft 1081

Property Features

Assessment Total 418700 Building Assessment 249200 Easement No Exclusions None Expenses Include InsuranceMaintenanceSee RemarksTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 74040 Land Assessment 169500 Net Operating Income 52252 Renovated Year 2015 Sewer Public Sewer Tax Amount 14152 Tax Rate Amount 3.380 Tax Rate Year 2024 Tax Year 2023 Total Operating Expense 21788 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 3220 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 3000 Unit2 Security Deposit 1000 Utilities Electric Water Public Water Year Built Description Approximate Zoning R-2

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-740-1881.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-01-12T15:46:25.55.
 
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Short Hills NJ, 07078