About 163 Park St
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily (commercial) residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. 4 Units (1st and 2nd fls) are currently month to month and the third floor is vacant. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.Bring your architects and/or your contractors!
Features of 163 Park St
| MLS® # | 3987647 |
|---|---|
| Price | $1,600,000 |
| Bedrooms | 9 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 4,945 |
| Acres | 0.80 |
| Year Built | 1887 |
| Type | Residential |
| Sub-Type | Single Family |
| Style | See Remarks, Colonial |
| Status | Active |
Community Information
| Address | 163 Park St |
|---|---|
| City | Montclair Twp. |
| County | Essex |
| State | NJ |
| Zip Code | 07042-3918 |
Amenities
| Utilities | Electric, Gas-Natural, See Remarks |
|---|---|
| Parking | Blacktop, Driveway-Exclusive, Off-Street Parking, See Remarks |
| # of Garages | 4 |
| Garages | Detached Garage, See Remarks |
Interior
| Interior | Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector |
|---|---|
| Appliances | Carbon Monoxide Detector, Cooktop - Electric, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, See Remarks, Wall Oven(s) - Electric, Washer |
| Heating | Gas-Natural |
| Cooling | No Cooling |
| Fireplace | Yes |
| # of Fireplaces | 4 |
| Fireplaces | Non-Functional |
| Has Basement | Yes |
| Basement | Unfinished, Walkout |
Exterior
| Exterior | Aluminum Siding |
|---|---|
| Exterior Features | Open Porch(es) |
| Lot Description | Level Lot |
| Roof | Asphalt Shingle |
School Information
| Elementary | MAGNET |
|---|---|
| Middle | MAGNET |
| High | MONTCLAIR |
Additional Information
| Date Listed | September 18th, 2025 |
|---|---|
| Zoning | R1 |
| HOA Fees | 0.00 |
Listing Details
| Office | COMPASS NEW JERSEY LLC |
|---|---|
| Contact Info | 973-477-7252 |