Are you looking for an investment to super-size your wallet? Look at this, a projected gross annual income of $103,500 and an est. net of $77,900, resulting in a 4.6% cap rate. This pristine multi-family gem on a corner lot in highly sought-after Upper Montclair features 3 impressive rental units with low fixed costs and strong net returns, making it an ideal opportunity for both investors and owner-occupants.Perfectly situated just blocks from the Watchung train station, with a direct line to NYC and easy access to Montclair schools. 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 rental 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
Price cut: $260K (6/30)
$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
- 65 days
- on Zillow |
- 1,150 |
- 47 |
Zillow last checked: August 04, 2025 at 11:58pm
Listing updated: July 22, 2025 at 07:08am
Listed by:
Mary Fourte 973-380-0580,
Fourte International
Source: GSMLS,MLS#: 3966513

Travel times
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: 6/6/2025
- 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
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