137 Valley Road

Montclair, NJ 07042

$875,000
Price
4
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Spacious 4-unit investment property in a fabulous location. Well maintained, updated apartments. All 4 one-bedroom units are occupied. Close to shopping, restaurants, NYC transportation. Separate utilities. Tenants pay heat, hot water, electric, water, sewer.Spacious 4-unit investment property in a fabulous location. Well maintained, updated apartments. All 4 one-bedroom units are occupied. Close to shopping, restaurants, NYC transportation. Separate utilities. Tenants pay heat, hot water, electric, water, sewer.
  1. Listed by SIBEL OZ • PROMINENT PROPERTIES SIR

Property Details for 137 Valley Road

Directions
Valley Rd between Walnut and Chestnut
Days On Market
38

Location

Listing Courtesy of PROMINENT PROPERTIES SIR, SIBEL OZ
Add your commute
LISTING UPDATED: 04/25/2024 02:50 PM

Property Details for 137 Valley Road

StatusActive
MLS #3891412
Days on Market42
Taxes$15,338 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeFourplex
MLS TypeMulti Family / Fourplex
Year Built1930
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Location

Listing Courtesy of PROMINENT PROPERTIES SIR, SIBEL OZ
Add your commute

Building Information for 137 Valley Road

Stories-Residences4Year Built1930Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$6,053 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$1,278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 137 Valley Road

Summary
Location and General Information
  • Middle/Jr High School: MAGNET
  • Grade School: MAGNET
  • High School: MONTCLAIR
  • Active Days on Market: 38
  • County #: Essex
  • Town Name: Montclair Twp.
  • Block Identifier: 1509
  • Listing Type: Exclusive Right to Sell
  • Town #: 1613.0
  • Street # Display: 137.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Valley Rd
  • Zip Code: 07042-2371
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $15,338
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 453800.0
  • Tax ID For Property: 1613-01509-0000-00045-0000-
  • Tax Rate Amount: $3
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: None
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 45
  • Approximate Lot Size: 30X125
  • Total Acres: 0.09
  • Construction Date/Year Built: 1930
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 256900.0
  • Assessment Land: 196900.0
  • Attorney Review in Progress: *
  • Farm Assessment: No
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 4 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick
Interior Features
  • Interior Features: Tile Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 07-31-2024
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 1286.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 1125.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 11-30-2024
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1572.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 2300.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Lease Expiration: 05-31-2024
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 3 Rent: 1615.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 2025.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 1
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Lease Expiration: 12-31-2024
  • Unit 4 Levels: 2.0
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 4 Rent: 1495.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 4 Rooms: 3.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: Fourplex
Income & Expenses Information
  • Total Operating Expense: $18,488.00
  • Expenses Include: Insurance, Maintenance, Taxes
  • Net Operating Income: $53,130.00
  • Gross Operating Income: $71,619.00
Rental
Rental Information
  • Home Warranty: false

Property History for 137 Valley Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 137 Valley Road

Taxable ValueLand$196,900Additions$256,900Total$453,800
Tax Record2022$14,921 ($1,243 / month)
Home Facts
Beds0Total Finished SqFt2,494 SqFtAbove Grade Finished SqFt2,494 SqFtStories2Lot Size3,751 SqFtStyleSingle Family ResidenceYear Built1913ZoningNCCountyESSEXAPN13 01509-0000-00045

Schools near 137 Valley Road

This home is within Montclair Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Hillside Elementary School
PublicPK to 5

Renaissance Middle School
Public6 to 8

Montclair High School
Public9 to 12

Edgemont Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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137 Valley Road is for sale in Montclair, NJ 07042. This property was listed for sale on March 18, 2024 by PROMINENT PROPERTIES SIR, it's currently listed at $875,000. It has been on the market for a total of 42 days and was last sold on October 22, 2019. This listing's school district is Montclair Public School District. Nearby schools include Hillside Elementary School, Renaissance Middle School and Montclair High School. 137 Valley Road is a 4-bed, 4-bath, built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PROMINENT PROPERTIES SIR, SIBEL OZ

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/29/2024 01:33 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.