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Niraj Parikh

parikhrealty@gmail.com +1(848) 565-5006

$1,600,000

Est. payment - /mo

7 Beds

4 Baths

2,862 SqFt

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Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,862 sqft

Price per Sqft $559

MLS Listing ID 4023097

Style 1-One Story, 3-Three Story

Bedrooms 7

Full Baths 4

Year Built 1887

Annual Tax Amount $27,320

Tax Year 2026

Property Description

Exceptional investment opportunity in the heart of Montclair! 41 & 43 Mission Street are being offered together, presenting two adjacent lots. 41 Mission featuring a grandfathered three-unit property and 43 Mission along with a shared gravel parking area. All four units are currently tenant-occupied, generating approximately $107,000 in annual income, making this an ideal turnkey investment with immediate cash flow. The three-family at 41 Mission was fully gut renovated in 2022 and showcases modern upgrades throughout, including vinyl plank flooring, updated kitchen appliances, new plumbing and electrical systems, new windows, furnaces, hot water heaters, and the added convenience of a washer and dryer in the basement. The single-family home at 43 Mission offers additional income potential or future redevelopment flexibility. Zoned R2, this unique offering provides multiple paths for value creation. Investors may choose to maintain the current income stream by extending tenant leases or explore redevelopment opportunities, including converting the single-family to a two-family or reimagining both lots once leases expire. Ideally located near NYC direct train access, Glenfield School and Park, and Montclair's vibrant restaurant and shopping scene, this property combines strong income with long-term upside in a prime location. A 3D Matterport tour is available for virtual preview. Detailed expense information will be provided to qualified buyers upon request.

Location

State NJ

County Essex

Zoning R2

Rooms

Basement Bilco-Style Door, Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, See Remarks, Smoke Detector

Heating Gas-Natural

Cooling 4+ Units, Ceiling Fan

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground, Electric, Gas-Natural

Roof Type Asphalt Shingle, Flat

Building

Lot Description Irregular Lot, Level Lot, Possible Subdivision

Sewer Public Sewer

Water Public Water

Architectural Style 1-One Story, 3-Three Story

Schools

Elementary Schools Magnet

Middle Schools Glenfield

High Schools Montclair

Others

Senior Community No

Virtual Tour https://listings.vmdpros.com/sites/u/rojvqaxd

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Listed by PROMINENT PROPERTIES SIR

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(848) 565-5006

parikhrealty@gmail.com

New Jersey, United States

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41-43 Mission St Montclair Twp., NJ 07042