381 Bloomfield Ave, Montclair, NJ 07042 - Photo 1

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Property Description

Mixed use investment opportunity located in the heart of Montclair, New Jersey. The property consists of five total units, including a ground floor restaurant and four residential apartments, comprised of two three bedroom units and two one bedroom units, totaling approximately 5,500 square feet.The asset currently generates approximately $143,000 in gross income and approximately $85,000 in net operating income, providing stable in place cash flow. The residential component offers leasing flexibility with three of four units currently on a month to month basis, allowing for potential income growth over time.The retail space is occupied by a restaurant tenant with a lease in place through September 2028 and annual rent increases. Tenant contributes to utilities and certain operating expenses.Located along Bloomfield Avenue, one of Montclair?s primary retail corridors, the property is surrounded by restaurants, shops, and neighborhood amenities. The property is within walking distance to the Bay Street Train Station, providing direct access to New York City. Montclair is a well established market known for strong rental demand and limited supply. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with additional residential, retail, and grocery components.

Full Property Details

Full Property Details for 381 Bloomfield Ave

General

Price: $2,200,000
Taxes: $32,709 (2025)
Status: Active
Type: Business
Source: Garden_State
MLS ID: 4025220
Updated: 5/4/2026
Added to Site: 2 day(s) ago

Business

Includes: Building Only

Rooms

Bathrooms

Total Bathrooms: 5
Restrooms: 5

Additional Information

Equipment: See Remarks

Exterior

Color: Tan/Beige

Parking

Parking: None, Off-Street Parking, On-Street Parking

Location

County: Essex
Driving Directions: Bloomfield Ave in Montclair near Bay St Train Station. Property located between Grove St and Park St.
Location Details: Business District, Residential Area, See Remarks

Heating & Cooling

Cooling Type: 1 Unit, Central Air Conditioning
Heating Type: 1 Unit, Forced Hot Air
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas

Structural Information

Construction: Brick/Block
Exterior Const.: Brick/Block
Basement: Yes
Basement Desc.: Storage, Walk-Out
Roof: Flat
Stories in Building: 3
Square Feet: 5,500
Aprox. Leasable: 5,500 Sq. Ft.
Year Built: 1902

Unit Information

1 Bedroom Units: 2
3 Bedroom Units: 2
Units w/Full Bath: 5

Lot Features

Lot Size (Acres): 0.07
Lot Size: 25X120
Permitted Use: Commercial/Residential Mixed-Use
Zoning: C1

Financial Considerations

Price Per Sq. Ft.: $400
Operating Expenses: $58,592
Assessment Amount: $930,300
Land Assmt: $281,300
Tax Amount: $32,709
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Financial Statement, Income & Expenses, Leases, Pro Forma
APN: 1613-03205-0000-00016-0000-
Block: 3205
Lot Number: 16

Listed by Keller Williams - Nj Metro Group

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— 381 Bloomfield Ave —

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Schools

Schools serving 381 Bloomfield Ave

School District:Montclair Town School District

Name	Grades	Distance
Charles H Bullock School 55 Washington Street, Montclair, NJ 07042	K-5	0.3 mi
Hillside Elementary School, Montclair, NJ 54 Orange Road, Montclair, NJ 07042	3-5	0.5 mi
Nishuane Elementary School 32 Cedar Avenue, Montclair, NJ 07042	PK-2	1 mi
Glenfield Middle School 25 Maple Avenue, Montclair, NJ 07042	6-8	0.5 mi
Renaissance Middle School 176 North Fullerton Avenue, Montclair, NJ 07042	6-8	0.6 mi
Mt Hebron Middle School 173 Bellevue Ave, Montclair, NJ 07042	6-8	2 mi
Montclair High School 100 Chestnut Street, Montclair, NJ 07042	9-12	0.7 mi
Edgemont Elementary School 20 Edgemont Road, Montclair, NJ 07042	K-5	1.2 mi
Watchung Elementary School, Montclair, NJ 14 Garden Street, Montclair, NJ 07042	K-5	1.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 381 Bloomfield Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/04/2026

Listed

$2,200,000

100%

MLS

2/08/2006

Sold

$1,100,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 381 Bloomfield Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$31,658

-6%

$930,300

—

2023

$33,733

$930,300

—

2022

$32,756

$930,300

—

2021

$31,751

$930,300

—

2018

$30,318

-2%

$930,300

—

2019

$30,858

$930,300

22%

2017

$29,896

$761,500

—

2016

$29,348

$761,500

—

2015

$26,850

$761,500

—

2013

$25,137

—

$761,500

—

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 381 Bloomfield Ave

381 Bloomfield Ave, Montclair, NJ 07042 (MLS# 4025220) is a Business property. 381 Bloomfield Ave is currently listed for $2,200,000 and was received on May 04, 2026. Want to learn more about 381 Bloomfield Ave? Do you have questions about finding other Business real estate for sale in Montclair? You can browse all Montclair real estate or contact a Coldwell Banker agent to request more information.

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381 Bloomfield Ave Montclair, NJ 07042