163 Park St Montclair, NJ $ 1,600,000
163 Park St
$ 1,600,000
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163 Park St

Montclair, NJ, 07042
$ 1,600,000
Bedrooms-- Baths-- Sq 4,945

Monthly Estimate*

$ 9,851

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Commercial Property for sale in Montclair, NJ

for $1,600,000 with 5 half baths. This 4,945 square foot building was built in 1887 on a lot size of 0.8.

Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. 4 units are currently being rented.month to month. Bring your architects and/or your contractors!

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Commercial Active

Price

$ 1,600,000

Half Bath

5

Property Type

Commercial

Taxes

$ 29,520

Style

Lot Size

0.8

Year Built

1887

Town/City

Montclair

County/Region

Essex

MLS | Web ID

3987649

Features
General
Sewer Public Sewer
Construction See Remarks
Heating 1 Unit Radiators - Steam
Cooling No Cool
Utilities Electric Gas-Natural
Possession TBD
Roof Asphalt Shingle
Zoning R1
Garage Spaces 10
Year Built 1887
Tenant Pays Cable T.V. Electric Gas
Township Montclair Twp.
Property Type See Remarks See Remarks
Tax Year 2023
Ownership Fee Simple
Location Residential Area
County Essex
Status Active
Directions Between Watchung and Chestnut
Number Of Units Total 5
Tax Annual Amount 29520
Drive Blacktop Off-Street Parking See Remarks
Leasable Area 0
Standard Status Active
Tax Assessed Value 873400
Town # 1613
Tax Lot 22
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Interior
Basement Full Storage Unfinished Walkout
Flooring Carpeting Laminate Tile Vinyl-Linoleum Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 5
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Aluminum
Building Area Total 4945
Lot Dimensions 34950SF
Lot Size Acres 0.80
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* Excluded Features
List By
SUSAN LOVIT

Listing Agent

Compass New Jersey Llc

Broker

suelovit@icloud.com

Email

Affordability Calculator

$12,311
Per Month
80%
20%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
$2,460
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2025$1,600,000 Listed Price

Map


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163 Park St, Montclair, NJ, 07042 is a Commercial Property for sale at $1,600,000 with 4,945 sqft and a lot size of 0.8. 163 Park St was built in 1887. The property's zip code is 07042 which is in Montclair, NJ