381 Bloomfield Ave, Montclair Twp., NJ, 07042

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$1,999,999
31 Days On Site

381 Bloomfield Ave
Montclair Twp., NJ 07042

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
5,500
SqFt
$364
/SqFt
1902
Built
County:
Essex

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381 Bloomfield Ave381 Bloomfield Ave381 Bloomfield Ave381 Bloomfield Ave
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Mixed use investment opportunity located in the heart of Montclair, New Jersey. The property consists of five total units, including a ground floor restaurant and four residential apartments, comprised of two three bedroom units and two one bedroom units, totaling approximately 5,500 square feet.The asset currently generates approximately $143,000 in gross income and approximately $85,000 in net operating income, providing stable in place cash flow. The residential component offers leasing flexibility with three of four units currently on a month to month basis, allowing for potential income growth over time.The retail space is occupied by a restaurant tenant with a lease in place through September 2028 and annual rent increases. Tenant contributes to utilities and certain operating expenses.Located along Bloomfield Avenue, one of Montclair's primary retail corridors, the property is surrounded by restaurants, shops, and neighborhood amenities. The property is within walking distance to the Bay Street Train Station, providing direct access to New York City. Montclair is a well established market known for strong rental demand and limited supply. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with additional residential, retail, and grocery components.

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Listing Snapshot
Price 
$1,999,999
Days On Site 
31 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,500 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.07 Acres
Year Built 
1902
MLS® Number 
4025220
Status 
Active
Property Tax 
$32,709
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
26 minutes agoPrice changed to $1,999,999
6 hours agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.07
Number Of Stories 
3
Parking 
Off StreetOn Street
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
SqFt Total 
5500
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
C1
Interior Features
Basement 
Walk-Out Access
Cooling 
Central Air
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
Brick
Listing courtesy of KELLER WILLIAMS - NJ METRO GROUP

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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