167 Harrison Ave - Multi-Family FOR SALE


Montclair, NJ 07042
$1,299,000 USD
973-590-8205
167 Harrison Ave, Montclair, NJ for Sale
$1,299,000 USD
Multi-Family - FOR SALE
1/38
null | 7.5% Cap Rate

167 Harrison Ave
Montclair, NJ 07042


HIGHLIGHTS

  • 2025 gut renovation built to a high spec
  • Multiple parking spaces in rear of property
  • Residential area of town

OVERVIEW

Prime Mixed-Use Property with Modern Renovations & High Rental Potential. This prime west-facing corner lot is a standout mixed-use property, seamlessly combining modern residential living with a reliable commercial lease in a sought-after location. The first floor features an income-generating retail space, currently occupied by a family-run convenience store with five years remaining on the lease. Above, two fully gut-renovated residential units showcase high-end finishes, spacious layouts, gleaming hardwood floors, oversized windows, private porches, stackable washer/dryer hookups, and dedicated parking for each unit. The second-floor unit is a bright and elegant 2-bedroom, 1-bath layout spanning 966 square feet, offering an open-concept design and a stylish kitchen filled with natural light. The third-floor unit is a refined 1-bedroom, 1-bath retreat at 867 square feet, featuring an oversized kitchen and a spa-inspired bathroom. With strong rental potential, contemporary upgrades, and an ideal blend of commercial and residential use, this property is a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

3

PRICE/UNIT

$433,000

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,689 SF

ZONING

-

APN/PARCEL ID

13-01907-0000-00004,13-01907-0000-00005

ASK ABOUT THIS PROPERTY

Brett SikoraThe Sikora Group-eXp RealtyMore Info
973-590-8205

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Brett SikoraThe Sikora Group-eXp RealtyMore Info
973-590-8205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.