$10,000 Closing Credit¹
#25013844, Christine Lane, Listing office: Compass New Jersey, LLC-Montclair
#25021693·
Listing office: EXP Realty, LLC·
Listing agent: Matthew Gevirtz·
Listing office phone: 866-201-6210
$1,199,900 List price
55 Elm St Montclair, NJ 07042
$10,000
Closing credit¹
7 beds
4 full, 1 partial
Multi-Family
Property details
About 55 Elm St
Beautifully reimagined and thoughtfully updated, this exceptional two-family home in the heart of Montclair offers the perfect blend of modern living and high investment potential. The property features two spacious units across three levels. The first unit includes 2 bedrooms, 1 full bath, an open kitchen and dining area, a bright living space, and in-unit laundry hookups—ideal for consistent rental income. The second unit spans two floors and offers 5 bedrooms and 3.5 bathrooms, highlighted by a luxurious primary suite with a freestanding tub, walk-in rainfall shower with body sprays, flexible living areas, dedicated laundry, and zoned HVAC. A full renovation completed in 2018–2019 brought extensive upgrades: enhanced insulation, measures to reduce sound transfer between units, 300-amp electrical service, updated plumbing, HVAC, Andersen windows, and a composite two-story deck. Exterior improvements include full perimeter waterproofing, sump system, R5 insulation, new siding, and a new LVL beam. Additional highlights include a walkout basement, Cat6 wiring in every room, and structured media panels for modern connectivity. Just a 5-minute walk to the train and approximately 40 minutes to NYC Penn Station, this turnkey property is perfectly positioned for investors, with easy access to parks, schools, transit, and vibrant downtown Montclair.
Highlights
Home typeMulti Family
StatusActive
MLS #25021693
Garage3 spaces
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Total Bedroom Count: 7
- Garage Space: 3 spaces
- List Price: $1,199,900
- MLS Number: 25021693
- Office Name: EXP Realty, LLC
- Office Phone: (866) 201-6210
- Listing Agent: Matthew Gevirtz
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.
Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 4:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,199,900
55 Elm St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 14, 2017 | Home Sold | $460,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
5
Charles H. Bullock School
Public District KG-5
0.1 mi
•55 Washington St
8
Hillside Elementary School
Public District 3-5
0.7 mi
•54 Orange Rd
9
Ridgewood Avenue School
Public District 3-6
0.8 mi
•235 Ridgewood Ave
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 $30,851. The most common annual income of people living in Montclair, NJ is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
63%
<35k
26%
35k-100k
8%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
41%
Single, No Kids
30%
Single, with Kids
13%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
11%
12-17 yrs old
29%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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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 55 Elm St
The listing price of 55 Elm St property is $1,199,900.
The property 55 Elm St is a multi located in Montclair, New Jersey, 07042.
Active Listing: 55 Elm St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 55 Elm St are: Charles H. Bullock School (GreatSchools Rating 5/10), Hillside Elementary School (GreatSchools Rating 8/10), Ridgewood Avenue School (GreatSchools Rating 9/10), Glenfield Middle School (GreatSchools Rating 5/10), Renaissance Middle School at the Rand Building (GreatSchools Rating 5/10), Whitney E. Houston Academy (GreatSchools Rating 3/10), Glen Ridge High School (GreatSchools Rating 8/10), Montclair High School (GreatSchools Rating 5/10), Bloomfield High School (GreatSchools Rating 4/10).
The last sale was on August 14, 2017 for $460,000 (source: MLS/tax record).
This home is located at 55 Elm St in Montclair, NJ and zip code 07042. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 20, 2025 and is currently priced at $1,199,900.
While more than 7 listings in Montclair, NJ in May 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below. The number of homes for sale in Montclair, NJ increased by 40.2% between April and May 2025. Listings spent 10 days on the market in May 2025, and had a median list price of $1,330,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.