#3921209, Listing Office: COMPASS NEW JERSEY LLC

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
Summary
- Full Bathrooms: 5
- Total Bedroom Count: 10
- Garage Space: 4 spaces
- List Price: $1,600,000
- Annual Tax Amount: $29,520
- Tax Year: 2024
- MLS Number: 24027935
- Office Name: Compass New Jersey, LLC-Montclair
- Office Phone: (973) 477-7252
- Listing Agent: Susan Lovit
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Last updated on: 4/29/2025, 2:20:53 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. Residents of Montclair, NJ typically earn $200k+ each year. Most families are married, with kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
Living in Montclair, NJ
Montclair's transport infrastructure is well-developed, with a focus on both private and public transit options. The town features a network of bus routes that facilitate local and regional travel, and the train service provides a direct link to New York City, appealing to commuters. The community is also bike-friendly, with designated lanes and trails. Roadways are well-maintained, ensuring smooth travel within and outside the town, and ongoing initiatives aim to further improve transport efficiency and accessibility.
The community is served by a comprehensive educational system, including several public and private schools that cater to a range of educational needs. Montclair is home to a number of healthcare facilities, offering residents access to quality medical care. The town also boasts a public library system that serves as a hub for learning and community engagement. Retail and dining options reflect the local culture, with a mix of independent shops and restaurants that showcase the town's diverse culinary landscape.
Montclair is celebrated for its vibrant arts scene and cultural richness, with numerous galleries, theaters, and live music venues dotting the landscape. The community prides itself on a strong sense of local identity, with annual events like the Montclair Film Festival drawing residents and visitors alike. The town's character is further enhanced by its lush parks and commitment to preserving green spaces, providing a scenic backdrop to the bustling town activities.
Montclair's housing market is diverse, offering a range of options from stately Victorian homes to modern condominiums and everything in between. Single-family homes are prevalent, with a mix of historic charm and contemporary amenities. The area also features a selection of multi-family dwellings and apartments, accommodating various lifestyle needs. The homeownership rate in Montclair is robust, reflecting the community's commitment to long-term residency and neighborhood stability.
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.
In March 2025 more than 5 listings in Montclair, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below. The number of homes for sale in Montclair, NJ increased by 81.3% between February and March 2025. In March 2025, listings were on the market for 13 days. During the same period, the median list price in this real estate market was $1,315,000.