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Residential Income For Sale

41 Mission Street, Montclair, NJ 07042

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Property Description

Exceptional investment opportunity in the heart of Montclair! 41 & 43 Mission Street are being offered together, presenting two adjacent lots. 41 Mission featuring a grandfathered three-unit property and 43 Mission along with a shared gravel parking area. All four units are currently tenant-occupied, generating approximately $107,000 in annual income, making this an ideal turnkey investment with immediate cash flow. The three-family at 41 Mission was fully gut renovated in 2022 and showcases modern upgrades throughout, including vinyl plank flooring, updated kitchen appliances, new plumbing and electrical systems, new windows, furnaces, hot water heaters, and the added convenience of a washer and dryer in the basement. The single-family home at 43 Mission offers additional income potential or future redevelopment flexibility. Zoned R2, this unique offering provides multiple paths for value creation. Investors may choose to maintain the current income stream by extending tenant leases or explore redevelopment opportunities, including converting the single-family to a two-family or reimagining both lots once leases expire. Ideally located near NYC direct train access, Glenfield School and Park, and Montclair’s vibrant restaurant and shopping scene, this property combines strong income with long-term upside in a prime location. A 3D Matterport tour is available for virtual preview. Detailed expense information will be provided to qualified buyers upon request

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26014551
Price:
$1,600,000
Status:
Active
Office Name:
Prominent Properties Sotheby's International Realty-Montclair
Agent Name:
Laurena
Features
Architectural Style:
4 Family
Laundry Features:
None
Utilities:
O/See Rmks
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Montclair
Zipcode:
07042
Street:
Mission
Street Number:
41
Street Suffix:
Street
Longitude:
W75° 47' 17.8''
Latitude:
N40° 48' 24.3''
Additional Information
Virtual Tour:
https://listings.vmdpros.com/sites/u/rojvqaxd
On Market Date:
2026-04-24
Financial
Tax Annual Amount:
27320
Listing Information
Co List Agent Mls Id:
489869
List Agent Mls Id:
8736
List Office Mls Id:
48002
Mls Status:
Active
Modification Timestamp:
2026-05-09T23:04:55Z
Originating System Name:
njmls
Status Change Timestamp:
2026-04-24
Residential Income For Sale
Listing ID:
26014551
$1,600,000
Agent info
Contact Agent

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At Mission Realty, our mission is defined by your success. As a premier real estate company in NJ, we go beyond the standard search to provide a sophisticated, data-driven approach to the New Jersey real estate market.
Contact Us
Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com