14 Walden Pl - Apartments FOR SALE


Montclair, NJ 07042
$3,850,000 USD
908-696-2351
14 Walden Pl, Montclair, NJ for Sale
$3,850,000 USD
Apartments - FOR SALE
1/22
null | 4% Cap Rate

14 Walden Pl
Montclair, NJ 07042


HIGHLIGHTS

  • Quiet suburban location
  • Close to I-280 and commuting transportation
  • Property is in excellent condition

OVERVIEW

Walden Apartments is a well-maintained multifamily community ideally situated in the heart of Montclair, one of Essex County’s most desirable suburban markets known for its vibrant restaurant scene, boutique retail, and local arts and theater. The property offers residents exceptional connectivity to New York City via both bus (within walking distance) and train service from Montclair’s town center (~10 min drive), making it highly attractive to commuters. Walden Apartments offers a balanced mix of 6 one-bedroom apartments, 8 two-bedroom apartments, and 1 three-bedroom townhouse. The complex features well-designed floor plans for an older building and abundant closet space. Units have been updated with granite countertops in kitchens and baths, hardwood floors throughout, and individually controlled heat and air conditioning. On-site amenities such as laundry facilities, professional landscaping, and 24-hour maintenance support enhance resident satisfaction and retention. Residents further benefit from ample on-premise parking and 9 available garages. The property is in excellent condition, with no investment needed in the next several years. Walden Apartments represents a compelling opportunity to acquire an apartment complex in a high-demand, commuter-friendly market. The Property is being offered directly to investors, and the Owner does not intend to list the Property with, or sell the Property through, a real estate broker or intermediary. Any party choosing to engage a broker shall be solely responsible for any commission or fees owed to such broker.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

15

PRICE/UNIT

$256,667

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,884 SF

ZONING

R3

APN/PARCEL ID

13-00304-0000-00012

ASK ABOUT THIS PROPERTY

Lucille PlumsteadCurbo, LLCMore Info
908-696-2351

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Lucille PlumsteadCurbo, LLCMore Info
908-696-2351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.