Home for Sale at 163 Park St in Montclair Twp., NJ for $1,600,000

Listing data updated September 8, 2024 - 4:42pm
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163 Park St | Montclair Twp.

$1,600,000 | 10 Beds | 5 Baths (5 Full) | 4,945 Sq. Ft.

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. All units are currently being rented.Bring your architects and/or your contractors! GSMLS 3921108

Directions to property: Between Chestnut and Watchung Ave

MLS Listing ID: 
GSMLS 3921108
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,600,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Detached
Primary Market Area: 
Montclair Twp.
Address: 
163 Park St, Montclair Twp., NJ 07042-3918, U.S.A.
County: 
Essex
Latitude: 
40.8254400
Longitude: 
-74.2099300
Directions: 
Between Chestnut and Watchung Ave
Public Remarks: 
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. All units are currently being rented.Bring your architects and/or your contractors!
Community Information
Elementary: 
MAGNET
Middle: 
MAGNET
High: 
MONTCLAIR
Building Details
Details about the building on a property.
Architectural Style: 
See Remarks
Year Built: 
1887
New Construction: 
0
Living Area: 
4,945
Basement: 
Unfinished, Walkout
Interior: 
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Fireplaces: 
Yes
Construction
Roof: 
Asphalt Shingle
Exterior: 
Aluminum Siding
Exterior Features: 
Open Porch(es)
Energy Information: 
Electric, Gas-Natural, See Remarks
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
20
Total Bedrooms: 
10
Total Bathrooms: 
5
Total Full-Bathrooms: 
5
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit
Heating System Fuel: 
Gas-Natural
Water Heating System: 
Gas
Water Source: 
Public Water
Sewer: 
Public Sewer, Sewer Charge Extra
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.8
Lot Size (Dimensions): 
34950SF
Waterfront: 
0
Lot Features
Driveway: 
Blacktop, Driveway-Exclusive, Off-Street Parking, See Remarks
Parking Type: 
Blacktop, Driveway-Exclusive, Off-Street Parking, See Remarks
Total Parking Spaces: 
0
Garage: 
Detached Garage, See Remarks
Fence: 
No
Public Record
Parcel Number: 
1613-02408-0000-00022-0000-
Lot Number: 
22
Annual Tax: 
$29,520.00
Property Zoning: 
R1
Contract Details
Details about the listing contract.
Exclusions: 
A/C units and any personal property of tenants.
Possession: 
TBD
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COMPASS NEW JERSEY LLC

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