About 129 Maple Avenue
Don't miss this rare investment opportunity in the heart of Montclair! Fully renovated in 2024, this turnkey 7-unit mixed-use property on Maple Ave features 6 residential apartments and 1 commercial unit, currently leased to a well-established hair salon. The residential mix includes five spacious 2-bedroom units and one studio, each with its own designated parking space in a brand new, exclusive blacktop lot. The building has been completely overhauled with all-new electrical and plumbing systems, brand-new tankless water heaters for every unit, a new roof, and a renovated common area. Four of the six apartments feature brand new HVAC systems. The basement includes dedicated storage for each unit and individual washers/dryers for tenant convenience. The building is stabilized with market rents in 6 of the 7 units, with the final unit offering strong upside and easy lease-up potential in this high-demand rental market. Ideally located just blocks from Bay Street Station (with Midtown Direct service) and the newly re-developed Glenfield Park, this is a prime, income-generating asset in one of Montclair's most sought-after neighborhoods!
Features of 129 Maple Avenue
| MLS® # | 25013013 |
|---|---|
| Price | $2,749,999 |
| Bathrooms | 0.00 |
| Type | Commercial Sale/Lease |
| Sub-Type | Retail |
| Style | Other |
| Status | Active |
Community Information
| Address | 129 Maple Avenue |
|---|---|
| City | Montclair |
| County | ESSEX |
| State | NJ |
| Zip Code | 07042 |
Amenities
| Utilities | Sep Elec, Sep Gas, Sep Water |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas, Hot Air, Zoned |
|---|---|
| Cooling | Gas, Zoned |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | April 22nd, 2025 |
|---|---|
| Foreclosure | Yes |
| RE / Bank Owned | No |
Listing Details
| Agent | David E. Arteaga |
|---|---|
| Office | Keller Williams Prosperity Realty |