Date
Details
Price
Change
Source
9/18/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$1,600,000
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1/25
Property Description
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily 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. The house and garage are being sold in strictly AS IS condition. 4 units are currently being rented.month to month. Bring your architects and/or your contractors!
Full Property Details
Full Property Details for 163 Park St
General
- Price: $1,600,000
- Taxes: $29,520 (2023)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 3987649
- Updated: 9/18/2025
- Added to Site: 120 day(s) ago
Business
- Includes: Building & Land, See Remarks
Interior
- Flooring: Carpeting, Laminate, Tile, Vinyl-Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Restrooms: 5
Additional Information
- Equipment: Appliances, Kitchen Area, Smoke Detector, Storage Area(s)
Parking
- Garage Spaces: 10
- Parking: Blacktop, Off-Street Parking, See Remarks
Location
- County: Essex
- Driving Directions: Between Watchung and Chestnut
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: No Cool
- Heating Type: 1 Unit, Radiators - Steam
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, Garbage Included, Internet Available
Structural Information
- Construction: See Remarks
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Storage, Unfinished, Walk-Out
- Roof: Asphalt Shingles
- Stories in Building: 3
- Square Feet: 4,945
- Aprox. Leasable: 4,945 Sq. Ft.
- Year Built: 1887
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 4
- Units w/Full Bath: 5
Lot Features
- Lot Size (Acres): 0.8
- Lot Size: 34950SF
- Permitted Use: Single Family, 5, 4, 3, or 2 family
- Zoning: R1
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $873,400
- Land Assmt: $350,000
- Tax Amount: $29,520
- Tax Year: 2023
- Owner Pays: Heat, Hot Water, Maintenance-Common Area, Repairs, Sewer, Snow Removal, Water
- Tenant Pays: Cable T.V., Electric, Gas
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, Leases
- Disclosures: Yes
- APN: 1613-02408-0000-00022-0000-
- Block: 2408
- Lot Number: 22
Listed by Compass New Jersey Llc
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Listing agent
— 163 Park St —
Compass New Jersey Llc
973-477-7252
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 163 Park St
School District:Montclair Town School District
| Name | Grades | Distance |
|---|---|---|
Watchung Elementary School, Montclair, NJ 14 Garden Street, Montclair, NJ 07042 | K-5 | 0.3 mi |
Edgemont Elementary School 20 Edgemont Road, Montclair, NJ 07042 | K-5 | 0.4 mi |
Hillside Elementary School, Montclair, NJ 54 Orange Road, Montclair, NJ 07042 | 3-5 | 1 mi |
Montclair High School 100 Chestnut Street, Montclair, NJ 07042 | 9-12 | 0.2 mi |
Charles H Bullock School 55 Washington Street, Montclair, NJ 07042 | K-5 | 1.2 mi |
Northeast Elementary School, Montclair, NJ 603 Grove St, Montclair, NJ 07042 | K-5 | 1.7 mi |
Nishuane Elementary School 32 Cedar Avenue, Montclair, NJ 07042 | PK-2 | 1.9 mi |
Bradford School 87 Mt Hebron Rd, Montclair, NJ 07042 | K-5 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 163 Park St
Tax History
Tax History for 163 Park St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$29,722
3%
$873,400
—
2022
$28,717
2%
$873,400
—
2021
$28,219
4%
$873,400
—
2018
$27,023
-15%
$873,400
3%
2017
$31,739
3%
$850,000
—
2016
$30,889
3%
$850,000
—
2015
$29,971
9%
$850,000
-3%
2019
$27,477
-26%
$873,400
3%
2013
$37,153
—
$850,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 163 Park St
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163 Park St, Montclair, NJ 07042 (MLS# 3987649) is a Commercial property. 163 Park St is currently listed for $1,600,000 and was received on September 18, 2025. Want to learn more about 163 Park St? Do you have questions about finding other Commercial real estate for sale in Montclair? You can browse all Montclair real estate or contact a Coldwell Banker agent to request more information.