22
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$2,200,000
Est. payment /mo
5,500 SqFt
New
381 Bloomfield Ave Montclair Twp., NJ 07042
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $400
MLS Listing ID 4025220
Year Built 1902
Annual Tax Amount $32,709
Tax Year 2025
Lot Size 3,049 Sqft
Property Sub-Type Mixed Use
Property Description
Mixed use investment opportunity located in the heart of Montclair, New Jersey. The property consists of five total units, including a ground floor restaurant and four residential apartments, comprised of two three bedroom units and two one bedroom units, totaling approximately 5,500 square feet.The asset currently generates approximately $143,000 in gross income and approximately $85,000 in net operating income, providing stable in place cash flow. The residential component offers leasing flexibility with three of four units currently on a month to month basis, allowing for potential income growth over time.The retail space is occupied by a restaurant tenant with a lease in place through September 2028 and annual rent increases. Tenant contributes to utilities and certain operating expenses.Located along Bloomfield Avenue, one of Montclair?s primary retail corridors, the property is surrounded by restaurants, shops, and neighborhood amenities. The property is within walking distance to the Bay Street Train Station, providing direct access to New York City. Montclair is a well established market known for strong rental demand and limited supply. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with additional residential, retail, and grocery components.
Location
State NJ
County Essex
Zoning C1
Rooms
Basement Storage, Walkout
Interior
Heating Gas-Natural
Cooling 1 Unit, Central Air
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS - NJ METRO GROUP
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