34 Oakwood Ave
Montclair Twp, NJ 07043
Price: $1,499,000
GSMLS: 4023304Type: Multi-Family
Style: 3-Three Story, Under/Over
Total Units: 2
Beds: 7
Baths: 3 Full
Garage: 2-Car
Year Built: 1923
Acres: 0.22
Property Tax: $28,286
Description
Open House Saturday 12PM–3:30PM.
Well-maintained 2 family investment opportunity in the heart of Upper Montclair, offering strong in-place income and long-term value. This is a legal non-conforming multi-family in a single-family zone, creating a rare, supply-constrained asset with highly reliable rental demand and limited direct competition. Located on a picturesque, tree-lined street just one block to NYC train and bus. The property generates $9,256/month in gross rental income, with current rents of $5,200 and $4,056 across two well-appointed units. Each unit features hardwood floors, high ceilings, extra spacious layouts, and classic architectural details including fireplaces, built-ins, and formal dining rooms. Updated kitchens include stainless steel appliances. The upper unit offers central air, while the first-floor unit is equipped with ductless mini-split AC. The property also includes a large unfinished basement, 2-car garage, additional parking, and a yard, supporting tenant appeal and long-term flexibility. Major updates include a new roof (2023), split system (2024), water heaters (2025/26), and new washer/dryer and refrigerator (2026).A unique opportunity to own a stable, income-producing asset in a high-demand market with strong appreciation and liquidity. Close to shops, parks, and restaurants. Tenant-occupied; showings coordinated with notice. Photos reflect prior occupancy.General Info
Style:
3-Three Story, Under/Over
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Brick,CedarSid
Lot Size:
65X150
Lot Desc:
Level Lot
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
Blacktop
Spaces Available:
4
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
2
Total Rooms:
8
Room Description:
Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Central Air, Ductless Split AC
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
MAGNET
Middle:
MAGNET
High School:
MONTCLAIR
Community Information
County:
Essex
Town:
Montclair Twp.
Neighborhood:
Upper Montclair
Financial Considerations
List Price:
$1,499,000
Tax Amount:
$28,286
Land Assessment:
$399,100
Build. Assessment:
$405,400
Total Assessment:
$804,500
Tax Rate:
3.52
Tax Year:
2025
Listing Information
MLS ID:
4023304
List Date:
04-26-2026
Days On Market:
1
Listing Broker:
KELLER WILLIAMS - NJ METRO GROUP
Listing Agent:
Heather Kandawire
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: TownsquareVillageLiving.com
