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$1,600,000
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Property Description
Exceptional investment opportunity in the heart of Montclair! 41 & 43 Mission Street are being offered together, presenting two adjacent lots. 41 Mission featuring a grandfathered three-unit property and 43 Mission along with a shared gravel parking area. All four units are currently tenant-occupied, generating approximately $107,000 in annual income, making this an ideal turnkey investment with immediate cash flow. The three-family at 41 Mission was fully gut renovated in 2022 and showcases modern upgrades throughout, including vinyl plank flooring, updated kitchen appliances, new plumbing and electrical systems, new windows, furnaces, hot water heaters, and the added convenience of a washer and dryer in the basement. The single-family home at 43 Mission offers additional income potential or future redevelopment flexibility. Zoned R2, this unique offering provides multiple paths for value creation. Investors may choose to maintain the current income stream by extending tenant leases or explore redevelopment opportunities, including converting the single-family to a two-family or reimagining both lots once leases expire. Ideally located near NYC direct train access, Glenfield School and Park, and Montclair's vibrant restaurant and shopping scene, this property combines strong income with long-term upside in a prime location. A 3D Matterport tour is available for virtual preview. Detailed expense information will be provided to qualified buyers upon request.
Full Property Details
Full Property Details for 41-43 Mission St
General
- Price: $1,600,000
- Taxes: $27,320 (2026)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4023097
- Updated: 4/30/2026
- Added to Site: 46 day(s) ago
Interior
- Number of Rooms: 21
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, See Remarks, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Exterior
- Exterior Features: Curbs, Open Porch(es), Sidewalk, Thermal Windows/Doors, Wood Fence
- Color: Tan
Location
- County: Essex
- Driving Directions: Maple avenue or Elm Street to Elmwood Ave to Mission Street. Both houses on the left side of the street 3/4 of the way down.
School Information
- Elementary School: MAGNET
- Middle School: GLENFIELD
- High School: MONTCLAIR
Heating & Cooling
- Cooling Type: 4+ Units, Ceiling Fan
- Heating Type: 4+ Units, Baseboard - Hotwater
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground, Electric, Natural Gas, Cable TV Available, Fiber Optic Available, Garbage Included
Structural Information
- Architectural Style: 1-One Story, 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Full, Unfinished
- Roof: Asphalt Shingles, Flat
- Year Built: 1887
- Remodeled/Updated: 2022
Unit Information
Unit 1
- Unit Description: Bedrooms, Den, Dining Room, Kitchen, Living Room, Porch
- Square Feet: 820
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Den, Dining Room, Kitchen, Living Room, Pantry
- Square Feet: 820
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Bedrooms, Den, Dining Room, Kitchen, Living Room, Pantry
- Square Feet: 820
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Kitchen, Living/Dining Room, Porch, Storage
- Square Feet: 402
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Dimensions: 85 x 90 IRR
- Driveway/Sidewalk: 2 Car Width, Assigned, Gravel, Lighting, Off-Street Parking, Parking Lot-Exclusive
- Zoning: R2
- Lot Description: Irregular Lot, Level Lot, Possible Subdivision
Financial Considerations
- Expenses: Cold Water, Electricity, Maintenance, Taxes
- Assessment Amount: $536,100
- Land Assmt: $240,900
- Tax Amount: $27,320
- Tax Year: 2026
Disclosures and Reports
- Exclusions: Tenant's possessions
- Block: 3111
- Lot Number: 10&11
Listed by Prominent Properties Sir
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Schools
Schools serving 41-43 Mission St
School District:Montclair Town School District
| Name | Grades | Distance |
|---|---|---|
Charles H Bullock School 55 Washington Street, Montclair, NJ 07042 | K-5 | 0.2 mi |
Nishuane Elementary School 32 Cedar Avenue, Montclair, NJ 07042 | PK-2 | 0.7 mi |
Hillside Elementary School, Montclair, NJ 54 Orange Road, Montclair, NJ 07042 | 3-5 | 0.9 mi |
Glenfield Middle School 25 Maple Avenue, Montclair, NJ 07042 | 6-8 | 0.1 mi |
Renaissance Middle School 176 North Fullerton Avenue, Montclair, NJ 07042 | 6-8 | 1 mi |
Mt Hebron Middle School 173 Bellevue Ave, Montclair, NJ 07042 | 6-8 | 2.4 mi |
Montclair High School 100 Chestnut Street, Montclair, NJ 07042 | 9-12 | 1.1 mi |
Watchung Elementary School, Montclair, NJ 14 Garden Street, Montclair, NJ 07042 | K-5 | 1.5 mi |
Edgemont Elementary School 20 Edgemont Road, Montclair, NJ 07042 | K-5 | 1.6 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 41-43 Mission St
Date
Details
Price
Change
Source
4/30/2026
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.
Tax History
Tax History for 41-43 Mission St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,483
1%
$601,900
—
2023
$20,344
272%
$601,900
262%
2022
$5,468
-58%
$166,300
—
2021
$13,021
—
$166,300
-59%
2021
$13,021
4%
$403,000
—
2018
$12,469
33%
$403,000
60%
2017
$9,391
3%
$251,500
—
2016
$9,140
3%
$251,500
—
2015
$8,868
-30%
$251,500
-38%
2019
$12,678
53%
$403,000
60%
2013
$8,302
—
$251,500
—
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 41-43 Mission St
41-43 Mission St, Montclair, NJ 07042 (MLS# 4023097) is a Multi-Family property with 4 units containing 7 bedrooms and 4 full bathrooms. 41-43 Mission St is currently listed for $1,600,000 and was received on April 30, 2026. Want to learn more about 41-43 Mission St? Do you have questions about finding other Multi-Family real estate for sale in Montclair? You can browse all Montclair real estate or contact a Coldwell Banker agent to request more information.

