$10,000 Closing Credit¹
#24027935, Susan Lovit, Listing office: Compass New Jersey, LLC-Montclair
$1,660,000 List price
422 Valley Rd Montclair Twp, NJ 07043
$10,000
Closing credit¹
7 beds
3 full
0.2 acres
Multi-Family
Property details
About 422 Valley Rd
Are you looking for an investment to super-size your wallet? Look no further than this pristine multi-family gem on a corner lot in highly sought-after Upper Montclair. This property features three impressive rental units with low fixed costs and strong net returns, with the potential for a gross operating income of $8,625/mo (4.6% cap rate) making it an ideal opportunity for both investors and owner-occupants. Perfectly situated just blocks from the Watchung train station, with a direct line to NYC and easy access to Montclair schools. The 1st and 2nd floors exude charm with hardwood floors, fireplaces, French doors, and private porches. The 3rd floor unit is a fully town-compliant 1 bedroom rental showcasing a modern open layout with vaulted ceilings, skylights, hardwood floors and a sun-drenched living space. Additional highlights include separate utilities for each unit, two laundry rooms, five storage areas in a sparkling clean basement, and a bonus three-car garage with a total of six off-street parking spaces. The property has been extensively upgraded with a roof featuring 40-year Timberline shingles and plywood, a new driveway, thermal windows, updated siding and insulation, a new sewer line, and auto-feeding boilers. There's no oil tank or asbestos on the property. This is a rare, turn-key opportunity to own a well-maintained, income-producing property in one of Montclair's most desirable neighborhoods. Property is being sold as is.
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas
StatusActive
BasementYes
Lot size0.17 Acres
Year built1922
ParkingOff-Street Parking, Detached Garage, Garage Parking
MLS #3966513
Garage3 spaces
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Refrigerator
- Basement: Yes
- Interior: Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, See Remarks, Shades, Smoke Detector, Tile Floors, Wood Floors
- Total Bedroom Count: 7
- Garage Space: 3 spaces
- Attached Garage: No
- Parking: Off-Street Parking, Detached Garage, Garage Parking
- Exterior: Enclosed Porch(es)
- Architectural Style: 3-Three Story
- Heating: Baseboard, Natural Gas
- List Price: $1,660,000
- Lot: Corner Lot, Level
- Directions: On Valley, 1 block north of Watchung
- Year Built: 1922
- Lot Size: 0.17 Acres
- MLS Number: 3966513
- Office Name: FOURTE INTERNATIONAL
- Office Phone: (973) 380-0580
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$1,660,000
422 Valley Rd
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
Edgemont Elementary School
Public District KG-5
0.4 mi
•20 Edgemont Rd
6
Watchung Elementary School
Public District KG-5
0.4 mi
•14 Garden St
6
Northeast Elementary School
Public District KG-5
1.2 mi
•603 Grove St
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 $166,429. Typical income of Montclair Twp, NJ residents is $200k+ annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
6%
<35k
25%
35k-100k
27%
100k-200k
42%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
7%
Single, with Kids
26%
Married, No Kids
33%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
12%
18-34 yrs old
49%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis
Soccer
Where do the neighbors shop?
Nordstrom
Bloomingdales
The Container Store
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Starbucks
What do the neighbors drive?
BMW
Lexus
Acura
What do the neighbors listen to?
Talk/Personality
News
Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 422 Valley Rd
The listing price of 422 Valley Rd property is $1,660,000.
The property 422 Valley Rd is a multi located in Montclair Twp, New Jersey, 07043.
Active Listing: 422 Valley Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 422 Valley Rd are: Edgemont Elementary School (GreatSchools Rating 6/10), Watchung Elementary School (GreatSchools Rating 6/10), Northeast Elementary School (GreatSchools Rating 6/10), Buzz Aldrin Middle School (GreatSchools Rating 6/10), Renaissance Middle School at the Rand Building (GreatSchools Rating 5/10), Bloomfield Middle School (GreatSchools Rating 5/10), Montclair High School (GreatSchools Rating 5/10), Cedar Grove High School (GreatSchools Rating 6/10), Verona High School (GreatSchools Rating 7/10).
The year of construction for 422 Valley Rd is 1922.
This home is located at 422 Valley Rd in Montclair Twp, NJ and zip code 07043. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 1, 2025 and is currently priced at $1,660,000.
In May 2025, from all listings sold in Montclair Twp, NJ there were more than 8 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. In May 2025 in Montclair Twp, NJ there were 39.8% more homes for sale than in April. The median list price of listings available in May 2025 was $1,322,500, while the average time on the real estate market was 10 days.
From Rocket Homes Real Estate and based on county public records data.