163 Park St Montclair, NJ 07042
Property details
About 163 Park St
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.
Highlights
(Active Attorney Review)
Summary
- MLS Number: 24027935
- Office Name: Compass New Jersey, LLC-Montclair
- Office Phone: (973) 477-7252
- Listing Agent: Susan Lovit
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
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Last updated on: 3/1/2025, 5:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,600,000
163 Park St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $873,400 | $29,520 |
| 2022 | $873,400 | $28,219 |
| 2021 | $873,400 | $28,219 |
| 2020 | $873,400 | $27,477 |
| 2019 | $873,400 | $27,023 |
History based on county public records data.
Nearby schools
6
Watchung Elementary School
Public District KG-5
0.3 mi
•14 Garden St
6
Edgemont Elementary School
Public District KG-5
0.5 mi
•20 Edgemont Rd
8
Hillside Elementary School
Public District 3-5
1.0 mi
•54 Orange Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $182,589. The majority of Montclair, NJ residents have income $200k+ annually. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
Tennis- Men's Tennis
Where do the neighbors shop?
Nordstrom
Brooks Brothers
Bloomingdales
Where do the neighbors go to eat?
California Pizza Kitchen
Qdoba
Bonefish Grill
What do the neighbors drive?
BMW
Acura
Lexus
What do the neighbors listen to?
Talk/Personality
Sports
News
Frequently asked questions
Living in Montclair, NJ
About 163 Park St
This home is located at 163 Park St in Montclair, NJ and zip code 07042. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $1,600,000.
Over 5 listings were sold over their listed price in January 2025 in Montclair, NJ. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Montclair, NJ increased by 3.6% between December and January 2025. While the average time on the market in January 2025 was 66 days, the median list price was $1,309,413.