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6-unit Portfolio + Retail & Office 73-75 Glenridge Ave 6 Unit Apartment Building $4,200,000 ($700,000/Unit) Montclair, NJ 07042
Executive Summary
Rare opportunity to buy a renovated investment portfolio for sale in Montclair, NJ only 1 block from Bay Street Train Station. Perfect for 1031 exchange buyers, investment property owners or an owner occupant who is looking live in one of the units and collect rental income to offset their mortgage. There is even the opportunity to start your own business or have a separate office on site. All the properties were fully renovated 2022.
75 Glenridge Ave: consists of a 3-family home, a single family home, a commercial retail space currently used for storage, 13 rentable parking spots, 3 rentable storage units in the basement.
(Apt #1: 3-bed, 1-bath. / Apt #2: 3-bed, 1-bath. / Apt #3: 1-bed, 1-bath. / House: 3-bed, 1.5-bath +retail)
73 Glenridge Ave: consists of a 2-family home, a finished office at basement level which was used by the owner, 6 rentable parking spots, 3 rentable storage units in the basement and conceptional renderings to convert the 2nd floor duplex to a 3-unit rental property.
(Apt #1: 4-bed, 2-bath. / Apt #2: 4-bed, 2-bath. + Office)
*All the apartments are currently occupied. The pictures were taken when the apartments were vacant.
For financials and additional information, please email roman.drukarov@foxroach.com
75 Glenridge Ave: consists of a 3-family home, a single family home, a commercial retail space currently used for storage, 13 rentable parking spots, 3 rentable storage units in the basement.
(Apt #1: 3-bed, 1-bath. / Apt #2: 3-bed, 1-bath. / Apt #3: 1-bed, 1-bath. / House: 3-bed, 1.5-bath +retail)
73 Glenridge Ave: consists of a 2-family home, a finished office at basement level which was used by the owner, 6 rentable parking spots, 3 rentable storage units in the basement and conceptional renderings to convert the 2nd floor duplex to a 3-unit rental property.
(Apt #1: 4-bed, 2-bath. / Apt #2: 4-bed, 2-bath. + Office)
*All the apartments are currently occupied. The pictures were taken when the apartments were vacant.
For financials and additional information, please email roman.drukarov@foxroach.com
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$244,217
|
$33.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$244,217
|
$33.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$50,093
|
$6.89
|
| Net Operating Income |
$194,124
|
$26.72
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $244,217 |
| Annual Per SF | $33.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $244,217 |
| Annual Per SF | $33.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $50,093 |
| Annual Per SF | $6.89 |
| Net Operating Income | |
|---|---|
| Annual | $194,124 |
| Annual Per SF | $26.72 |
Property Facts
| Price | $4,200,000 | Building Class | C |
| Price Per Unit | $700,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 7,266 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | R4 | ||
| Price | $4,200,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,266 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1902 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $658,500 | |
| Land Assessment | $343,300 | Total Assessment | $1,001,800 |
Property Taxes
Parcel Numbers
Land Assessment
$343,300
Improvements Assessment
$658,500
Total Assessment
$1,001,800
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6-unit Portfolio + Retail & Office | 73-75 Glenridge Ave
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