Passed a bank inspection with no issues! 3 rents, separate utilities, 3 car garage. Meticulously maintained property offers a projected gross annual income of $103,500 and an estimated net of $77,900, resulting in a 4.6% cap rate. This rare gem sits on a corner lot in highly sought-after Upper Montclair, just blocks from the Watchung train station with a direct line to NYC. Low fixed costs and strong net returns make it an ideal opportunity for both investors and owner-occupants. The 1st and 2nd floors exude charm with hardwood floors, fireplaces, French doors, and private porches. The 3rd floor unit is a fully town-compliant 1 bedroom boarder unit showcasing a modern open layout with vaulted ceilings, skylights, hardwood floors and a sun-drenched living space. Additional highlights include separate utilities for each unit, two laundry rooms, five storage areas in a sparkling clean basement, and a bonus three-car garage with a total of six off-street parking spaces. The property has been extensively upgraded with a roof featuring 40-year Timberline shingles and plywood, a new driveway, thermal windows, updated siding and insulation, a new sewer line, and auto-feeding boilers. There's no oil tank or asbestos on the property. This is a rare, turn-key opportunity to own a well-maintained, income-producing property in one of Montclair's most desirable neighborhoods. Property is being sold as is
Under contract
$1,399,999
422 Valley Rd, Montclair Twp., NJ 07043
7beds
3,480sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$402/sqft
$-- HOA
What's special
Vaulted ceilingsNew drivewayFrench doorsHardwood floorsPrivate porchesThermal windowsBonus three-car garage
- 52 days |
- 112 |
- 0 |
Zillow last checked: 13 hours ago
Listing updated: November 19, 2025 at 05:44am
Listed by:
Mary Fourte 973-380-0580,
Fourte International
Source: GSMLS,MLS#: 3996114
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard - Electric, Radiators - Steam, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Range/Oven - Gas, Refrigerator
Features
- Cathedral Ceiling(s), See Remarks, Bedrooms, Den, Dining Room, Kitchen, Living Room, Storage, Ceiling Fan(s)
- Flooring: Tile, Wood
- Windows: Shades
- Basement: Yes,Full,Walk-Out Access
- Number of fireplaces: 2
Interior area
- Total structure area: 3,480
- Total interior livable area: 3,480 sqft
Property
Parking
- Total spaces: 3
- Parking features: Off Street, Detached Garage, Garage
- Garage spaces: 3
- Uncovered spaces: 3
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Enclosed Porch(es), Porch
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 50 x 150
- Features: Corner Lot, Level
Details
- Parcel number: 1613017040000000080000
- Zoning description: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1922
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
- Subdivision: Upper
Location
- Region: Montclair
Financial & listing details
- Price per square foot: $402/sqft
- Tax assessed value: $666,000
- Annual tax amount: $22,663
- Date on market: 11/4/2025
- Exclusions: 4 AC window units
- Total actual rent: 8625
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Pending sale | $1,399,999$402/sqft |
Source:  GSMLS #3996114 Report a problem | ||
| 11/4/2025 | Listed for sale | $1,399,999$402/sqft |
Source: GSMLS #3996114 Report a problem | ||
| 10/24/2025 | Listing removed | $1,399,999$402/sqft |
Source:  NJMLS #25018787 Report a problem | ||
| 10/1/2025 | Price change | $1,399,999-6.7%$402/sqft |
Source: GSMLS #3966513 Report a problem | ||
| 8/26/2025 | Price change | $1,499,999+7.1%$431/sqft |
Source: GSMLS #3966513 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,664 | $666,000 |
| 2024 | $22,664 +3.5% | $666,000 |
| 2023 | $21,898 +1.8% | $666,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$9,889/mo
Principal & interest
$7042
Property taxes
$2357
Home insurance
$490
Climate risks
Neighborhood: Upper Montclair
Nearby schools
GreatSchools rating
- 8/10Edgemont Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Mt Hebron Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Montclair High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- High: Montclair
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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