Investor alert! Solid brick 4-unit property located in the heart of Downtown Montclair, just moments from major shopping centers, restaurants, and public transportation. Property also includes a private backyard, unfinished basement, driveway + garage, and a beautifully built foundation. Two units are currently rented through Section 8 housing assistance, providing built-in income. Don't miss this rare multifamily opportunity in one of Montclair's most desirable locations! A little TLC and cosmetic updates can go a long way in boosting value and maximizing returns. This is a fantastic opportunity for investors or buyers looking to customize and add value.
Active
Price cut: $200K (5/8)
$999,969
20 Monroe Pl, Montclair Twp., NJ 07042
1beds
2,856sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$350/sqft
$-- HOA
What's special
Private backyard
- 326 days |
- 596 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
James Debrosse 973-377-7377,
Lone Eagle Management
Source: GSMLS,MLS#: 3980013
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard - Electric, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Water Heater (See Remarks)
Features
- See Remarks, Bedrooms, Kitchen, Living Room, Living/Dining Room
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,856
- Total interior livable area: 2,856 sqft
Property
Parking
- Total spaces: 5
- Parking features: 1 Car Width, Additional Parking, Driveway-Exclusive, See Remarks, Detached Garage, Garage
- Has garage: Yes
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
- Fencing: Partial
Lot
- Size: 4,791 Square Feet
- Dimensions: 50 x 100
Details
- Parcel number: 1613041050000000460000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: See Remarks
Condition
- Year built: 1924
Utilities & green energy
- Gas: Gas-Natural
- Sewer: See Remarks
- Water: See Remarks
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Montclair
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $380,000
- Annual tax amount: $12,931
- Date on market: 8/7/2025
- Total actual rent: 19998
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Price change | $999,969-16.7%$350/sqft |
Source:  GSMLS #3980013 Report a problem | ||
| 10/22/2025 | Pending sale | $1,200,000$420/sqft |
Source: GSMLS #3980013 Report a problem | ||
| 8/7/2025 | Listed for sale | $1,200,000$420/sqft |
Source: GSMLS #3980013 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,361 +3.3% | $380,000 |
| 2024 | $12,931 +2% | $380,000 |
| 2023 | $12,673 | $380,000 |
| 2022 | $12,673 | $380,000 |
| 2021 | $12,673 +6% | $380,000 |
| 2020 | $11,955 +32.1% | $380,000 |
| 2019 | $9,047 | $380,000 |
| 2018 | $9,047 -26.6% | $380,000 +12% |
| 2017 | $12,334 +3.1% | $339,400 |
| 2016 | $11,967 +3.5% | $339,400 |
| 2015 | $11,567 +3.2% | $339,400 |
| 2014 | $11,204 -2.8% | $339,400 |
| 2012 | $11,525 -22.4% | $339,400 -24.6% |
| 2011 | $14,855 +5.5% | $450,000 -23.7% |
| 2010 | $14,076 +3.7% | $589,700 |
| 2009 | $13,569 +7% | $589,700 |
| 2008 | $12,679 +42.1% | $589,700 |
| 2007 | $8,924 | $589,700 +254.2% |
| 2006 | -- | $166,500 |
| 2005 | -- | $166,500 |
| 2004 | $8,175 | $166,500 |
| 2003 | -- | $166,500 |
| 2002 | -- | $166,500 |
| 2001 | -- | $166,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 07042
Nearby schools
GreatSchools rating
- NANishuane Elementary SchoolGrades: PK-2Distance: 0.5 mi
- 7/10Glenfield Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Montclair High SchoolGrades: 9-12Distance: 1.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Essex County
- Montclair
- 07042
- 20 Monroe Pl
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