A solid performer in the heart of Montclair—this fully leased four-unit Colonial offers approximately a 5.8% cap rate and consistent, low-maintenance income. Featuring two large 2-bedroom apartments, one 1-bedroom, and a studio unit, the property has updated systems (furnace, electric panels, and water heater) and a removed underground oil tank for peace of mind. The detached 4-car garage and additional parking for 4–6 cars open the door to added revenue potential. Steps from downtown Montclair's vibrant restaurants, shops, and commuter trains to NYC, this is a rare chance to own a turnkey multi-family in one of New Jersey's most sought-after rental markets.
For sale
$1,450,000
76 Grove St, Montclair, NJ 07042
6beds
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated systemsRemoved underground oil tank
- 185 days |
- 504 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: October 07, 2025 at 03:20pm
Listed by:
Barbara Hughes 973-508-7363,
Brown Harris Stevens New Jersey
Source: NJMLS,MLS#: 25020466
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Laundry: In Basement, Coin/Card
Property
Parking
- Total spaces: 10
- Parking features: Garage
- Garage spaces: 4
Details
- Parcel number: 1303212000000029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: See Remarks, Electricity Connected
Community & HOA
Location
- Region: Montclair
Financial & listing details
- Tax assessed value: $479,600
- Annual tax amount: $16,320
- Date on market: 6/12/2025
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Listed for sale | $1,450,000 |
Source: | ||
| 11/8/2017 | Listing removed | $1,800 |
Source: RE/MAX VILLAGE SQUARE #3425227 Report a problem | ||
| 10/17/2017 | Listed for rent | $1,800+5.9% |
Source: RE/MAX Village Square - Upper Montclair #3425227 Report a problem | ||
| 2/12/2016 | Listing removed | $1,700 |
Source: RE/MAX Village Square - Upper Montclair #3269987 Report a problem | ||
| 12/9/2015 | Listed for rent | $1,700-24.4% |
Source: RE/MAX Village Square - Upper Montclair #3269987 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,321 | $479,600 |
| 2024 | $16,321 +3.5% | $479,600 |
| 2023 | $15,769 +1.8% | $479,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,297/mo
Principal & interest
$7348
Property taxes
$2441
Home insurance
$508
Climate risks
Neighborhood: 07042
Nearby schools
GreatSchools rating
- 8/10Charles H Bullock SchoolGrades: K-5Distance: 0.3 mi
- 6/10Glenfield Middle SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Montclair High SchoolGrades: 9-12Distance: 0.7 mi
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