129 Maple Ave 7 Unit Apartment Building $2,749,999 ($392,857/Unit) 6.88% Cap Rate Montclair, NJ 07042

Don't miss this rare investment opportunity in the heart of Montclair, NJ. Fully renovated in 2024, this turnkey seven-unit, mixed-use property on Maple Avenue features six residential apartments and one commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious two-bedroom units and one studio, each with a designated parking space in a brand-new, exclusive blacktop lot.

The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand-new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience.

The building is stabilized with market rents in six of the seven units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly redeveloped Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods.