53 Portland Place

Montclair, NJ 07042

$975,000
Price
6
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome Investors and Home Buyers! This multifamily home is perfect for an owner-occupied investor! This charming two-family multifamily home features a vacant second-floor unit, providing an excellent opportunity to live in one unit while generating rental income from the other. Don't miss out on this fantastic investment potential. Discover this stunning late 19th-century wood-framed multifamily unit in the heart of the Bloomfield Ave downtown area of Montclair Township. Perfectly located near...Welcome Investors and Home Buyers! This multifamily home is perfect for an owner-occupied investor! This charming two-family multifamily home features a vacant second-floor unit, providing an excellent opportunity to live in one unit while generating rental income from the other. Don't miss out on this fantastic investment potential. Discover this stunning late 19th-century wood-framed multifamily unit in the heart of the Bloomfield Ave downtown area of Montclair Township. Perfectly located near NYC bus and NJ Transit for easy commuting, this property features: Two Spacious Units: Each with 3 bedrooms and 1 bathroom. Common Access: Basement and attic accessed via a shared front hall. Charming Enclosed Porches: Enjoy both front and back porches for added living space. Fenced Backyard: A shared, fenced-in backyard offers outdoor relaxation. This property fully rented, brings in $6,220 per month. Newly renovated in 2015, it boasts a modern kitchen, hardwood floors, and updated bathrooms. Each unit has its own private washer/dryer and an allocated enclosed storage cage in the basement.
  1. Listed by SAMANTHA TREMATORE • HOWARD HANNA RAND REALTY

Property Details for 53 Portland Place

Directions
From I-280 W take exit 8B. Merge onto Prospect Ave and turn left onto Bloomfield Avenue. Follow Bloomfield Avenue, then turn right onto Portland Place
Days On Market
7
Section/Subdiv/Development
Downtown
LISTING UPDATED: 11/13/2024 01:29 PM

Property Details for 53 Portland Place

StatusActive
MLS #3933285
Days on Market11
Taxes$14,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1892
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Building Information for 53 Portland Place

Stories-Residences2Year Built1892Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 53 Portland Place

Summary
Location and General Information
  • Zoning: R-2
  • Active Days on Market: 7
  • Renovated Year: 2015
  • County #: Essex
  • Town Name: Montclair Twp.
  • Block Identifier: 2214
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Beige
  • Town #: 1613.0
  • Street # Display: 53.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Portland Pl
  • Zip Code: 07042-2821
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $14,152
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 418700.0
  • Tax ID For Property: 1613-02214-0000-00022-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 22
  • Approximate Lot Size: 30X130
  • Total Acres: 0.09
  • Construction Date/Year Built: 1892
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 249200.0
  • Assessment Land: 169500.0
  • Farm Assessment: No
Utilities
  • Cooling: Central Air
  • Utilities: Electric
  • Water: Public Water
  • Heating: Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Open Porch(es), Sidewalk, Vinyl Fence
Interior Features
  • Interior Features: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Walk-In Closet, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CeilFan, CookGas, Dishwshr, RgOvGas, Refrig
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 3220.0
  • Unit 1 Room Description: Bedrooms, Family Room, Kitchen
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 4575.0
  • Unit 1 Sq Ft: 1081.0
Unit 2 Information
  • Unit 2 Appl/Equip: CarbMDet, CeilFan, CookGas, Dishwshr, RgOvGas, Refrig
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • 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: 3000.0
  • Unit 2 Room Description: Bedrooms, Family Room, Kitchen
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1000.0
  • Unit 2 Sq Ft: 1081.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $20,320.00
  • Expenses Include: Insurance, Maintenance, See Remarks, Taxes
  • Net Operating Income: $53,720.00
  • Gross Operating Income: $74,040.00

Property History for 53 Portland Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 53 Portland Place

Taxable ValueLand$169,500Additions$249,200Total$418,700
Tax Record2023$14,152 ($1,179 / month)
Home Facts
Beds0Total Finished SqFt2,834 SqFtAbove Grade Finished SqFt2,834 SqFtStories2Lot Size3,899 SqFtStyleSingle Family ResidenceYear Built1892ZoningR2CountyESSEXAPN13 02214-0000-00022

Schools near 53 Portland Place

This home is within Montclair Public School District.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Hillside Elementary School
Public3 to 5

Renaissance Middle School
Public6 to 8

Montclair High School
Public9 to 12

Charles H Bullock 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.

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53 Portland Place is a multi-family home for sale in Montclair, NJ 07042. This property was listed for sale on November 7, 2024 by HOWARD HANNA RAND REALTY, it's currently listed at $975,000. This listing's school district is Montclair Public School District. Nearby schools include Hillside Elementary School, Renaissance Middle School and Montclair High School. 53 Portland Place is a 6-bed, 2-bath, multi-family home built in 1892.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HOWARD HANNA RAND REALTY, SAMANTHA TREMATORE

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. 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. Last date updated: 11/17/2024 08:25 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. 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: 11/17/2024 08:25 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.