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179 Walnut St Montclair, NJ $ 2,295,000
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$ 2,295,000 Get more info
179 Walnut St
$ 2,295,000
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Share Save

179 Walnut St

Montclair, NJ, 07042
$ 2,295,000
Baths0.12 Sq 4,600

Monthly Estimate*

$ 15,253

179 Walnut St, Montclair, NJ 07042 - Image 1
179 Walnut St, Montclair, NJ 07042 - Image 2
Studio

Commercial Property for sale in Montclair, NJ

for $2,295,000 with 12 half baths. This 4,600 square foot building was built in 1920.

Potential, potential, potential are the 3 words to describe this property that has not been on the market for 30 plus years. This is an 11 unit building that rooming house designation. This property has rooming house designation so is not subject to rent control. There are many possibilities for this building. It can be made into specialized housing. The type of specialized housing is usual leased through a government agency This property has great location as we are close to Mid-town direct and close to downtown. It has been well cared for and is ready to go.

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Commercial Active

Price

$ 2,295,000

Bedrooms

Studio

Half Bath

12

Property Type

Commercial

Taxes

$ 16,923

Style

Apartment Complex

Year Built

1920

Town/City

Montclair

County/Region

Essex

MLS | Web ID

3823346
Features
General
Sewer Public Sewer
Construction Wood
Heating 1 Unit
Cooling Window A/C(s)
Utilities Gas-Natural
Possession At Once
Roof Asphalt Shingle
Zoning R-2
Garage Spaces 11
Year Built 1920
Township Montclair Twp.
Property Type Apartment Complex See Remarks Apartment Complex
Tax Year 2022
Percent Ownership Fee Simple
Location Residential Area
Gross Income 171500
County Essex
Net Operating Income 145300
Operating Expense 26200
Status Active
Directions Walnut St just north of Park st.
Total Units 11
Street Name Walnut St
Tax Annual Amount 16923
Drive 2 Car Width Parking Lot-Shared
Leasable Area 0
Days on Market 448
Standard Status Active
Tax Assessed Value 514700
Town # 1613
Tax Lot 2
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Interior
Basement Finished-Partially
Flooring Carpeting Laminate Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 12
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Exterior
Lot Features Level Lot
Water Source Public Water
Total Parking 11
Exterior Description Vinyl Siding
Building Area Total 4600
Lot Dimensions 60X120 IRR
Lot Size Acres 0.00
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* Excluded Features
List By
JEROME SAHLMAN

Listing Agent

Village Square Realtors

Broker

jerrysahlman@comcast.net

Email

Affordability Calculator

$16,664
Per Month
92%
8%
0%
Monthly Principal & Interest
$15,253
Monthly Property Taxes
$1,410
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/28/2024$2,295,000 -11.56% Price Down
1/2/2024$2,595,000 -12.77% Price Down
1/6/2023$2,975,000 Listed Price

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179 Walnut St, Montclair, NJ, 07042 is a Commercial Property for sale at $2,295,000 with 4,600 sqft. 179 Walnut St is a studio with 0.12 baths and was built in 1920. The property's zip code is 07042 which is in Montclair, NJ

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