Under contract

$1,200,000

20 Monroe Pl, Montclair Twp., NJ 07042

1beds

2,856sqft

Est.:

Multi Family

Built in 1924

-- sqft lot

$-- Zestimate^®

$420/sqft

$-- HOA

What's special

Private backyardUnfinished basementBeautifully built foundation

Investor alert! Solid brick 4-unit property located in the heart of Downtown Montclair, just moments from major shopping centers, restaurants, and public transportation. Property also includes a private backyard, unfinished basement, driveway + garage, and a beautifully built foundation. Two units are currently rented through Section 8 housing assistance, providing built-in income. Don't miss this rare multifamily opportunity in one of Montclair's most desirable locations! A little TLC and cosmetic updates can go a long way in boosting value and maximizing returns. This is a fantastic opportunity for investors or buyers looking to customize and add value.

247 days

23

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard - Electric, Natural Gas

Cooling

Has cooling: Yes

Appliances

Included: Water Heater (See Remarks)

Features

See Remarks, Bedrooms, Kitchen, Living Room, Living/Dining Room
Basement: Yes,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,856
Total interior livable area: 2,856 sqft

Property

Parking

Total spaces: 5
Parking features: 1 Car Width, Additional Parking, Driveway-Exclusive, See Remarks, Detached Garage, Garage
Has garage: Yes
Uncovered spaces: 5

Features

Levels: Two
Stories: 2
Fencing: Partial

Lot

Size: 4,791.6 Square Feet
Dimensions: 50 x 100

Details

Parcel number: 1613041050000000460000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: See Remarks

Condition

Year built: 1924

Utilities & green energy

Gas: Gas-Natural
Sewer: See Remarks
Water: See Remarks
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Location

Region: Montclair

Financial & listing details

Price per square foot: $420/sqft
Tax assessed value: $380,000
Annual tax amount: $12,931
Date on market: 8/7/2025
Total actual rent: 19998
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/22/2025	Pending sale	$1,200,000$420/sqft
Source: GSMLS #3980013 Report a problem
8/7/2025	Listed for sale	$1,200,000$420/sqft
Source: GSMLS #3980013 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,931	$380,000
2024	$12,931 +2%	$380,000
2023	$12,673	$380,000
2022	$12,673	$380,000
2021	$12,673 +6%	$380,000
2020	$11,955 +32.1%	$380,000
2019	$9,047	$380,000
2018	$9,047 -26.6%	$380,000 +12%
2017	$12,334 +3.1%	$339,400
2016	$11,967 +3.5%	$339,400
2015	$11,567 +3.2%	$339,400
2014	$11,204 -2.8%	$339,400
2012	$11,525 -22.4%	$339,400 -24.6%
2011	$14,855 +5.5%	$450,000 -23.7%
2010	$14,076 +3.7%	$589,700
2009	$13,569 +7%	$589,700
2008	$12,679 +42.1%	$589,700
2007	$8,924	$589,700 +254.2%
2006	--	$166,500
2005	--	$166,500
2004	$8,175	$166,500
2003	--	$166,500
2002	--	$166,500
2001	--	$166,500