222 Claremont Ave | Image 1
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$800,000

Other

22 days ago

222 Claremont Ave, Verona

House

MLS® 4017437

4 Bed

2 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage Yes
Taxes $12,133
Days Active 22
Lot Size 
Approx. Age 1911
MLS® Number 4017437

Property Address: 222 Claremont Ave, Verona, NJ, 07044-2547

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

Description

Rarely available side-by-side duplex delivering immediate income with significant upside potential. 222-224 Claremont Avenue presents a true buy-and-hold opportunity in one of Essex County's most consistently strong rental markets. Both units are currently occupied under lease through May 31, 2026, generating a combined $4, 066/month ($48, 792 annually) with room to grow. At lease expiration, market rents for comparable 2-bedroom units in Verona support $2, 300/month per unit, pushing gross annual income to $55, 200 and meaningfully improving returns for the next owner. Each unit offers a well-proportioned 2-bedroom, 1-bath layout with separate utilities, keeping operating expenses predictable and landlord exposure low. A detached 3-car garage adds a valuable additional income stream or tenant amenity, and in-basement washer/dryer provides added convenience that supports tenant retention. Private driveways for each unit further enhance the property's appeal to quality, long-term renters.Verona continues to attract strong rental demand driven by its top-rated schools, walkable downtown, and easy access to NYC via direct bus and rail connections. Leases rolling simultaneously in May 2026, an investor steps in with stabilized income today and a clean opportunity to reset both rents to market at turnover.
MLS® Number4017437
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1911
BasementUnfinished
Driveway1 Car Width, Additional Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Mar 30, 2026List Date
$800,000List Price
  • Commute

Commute

Starting Address
Destination Address
222 Claremont Ave, Verona,

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