USANJMontclair381 Bloomfield Ave
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New
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$2,200,000

For Sale

6 hours ago

381 Bloomfield Ave, Montclair

House

MLS® 4025220

0 Bed

5 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $32,709
Days Active 0
Lot Size 
Approx. Age 1902
MLS® Number 4025220

Property Address: 381 Bloomfield Ave, Montclair, NJ, 07042-3585

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4025220
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1902
BasementStorage, Walkout
DrivewayNone, Off-Street Parking, On-Street Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 4, 2026List Date
$2,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
381 Bloomfield Ave, Montclair,

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