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390 Orange Rd 5 Unit Apartment Building $1,607,264 CAD ($321,453 CAD/Unit) 5.93% Cap Rate Montclair, NJ 07042
Executive Summary
Tremendous investment opportunity. Legal 5-unit multi family. The five units are comprised of three 1 bedroom units, a 2 bedroom apartment & a 3-bedroom duplex. The apartments are separately metered for gas, electric and heat. Apartment #4 & #5 has been totally remodeled and updated and can serve as the model unit for future renovations. Welcoming front entry halls and staircase have been beautifully redone including intercom & mailboxes. Complete electrical upgrade to the whole building in 2022. Separate entrance to basement. Plenty of onsite parking. Large corner property with plenty of upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$139,445
|
$36.12
|
| Other Income |
$361
|
$0.09
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$139,806
|
$36.21
|
| Taxes |
$24,862
|
$6.44
|
| Operating Expenses |
$19,573
|
$5.07
|
| Total Expenses |
$44,435
|
$11.51
|
| Net Operating Income |
$95,371
|
$24.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $139,445 |
| Annual Per SF | $36.12 |
| Other Income (CAD) | |
|---|---|
| Annual | $361 |
| Annual Per SF | $0.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $139,806 |
| Annual Per SF | $36.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,862 |
| Annual Per SF | $6.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,573 |
| Annual Per SF | $5.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,435 |
| Annual Per SF | $11.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $95,371 |
| Annual Per SF | $24.70 |
Property Facts
| Price | $1,607,264 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $321,453 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 5.93% | Building Size | 3,861 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1884 |
| Property Subtype | Apartment | ||
| Zoning | R1 | ||
| Price | $1,607,264 CAD |
| Price Per Unit | $321,453 CAD |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 3,861 SF |
| No. Stories | 2 |
| Year Built | 1884 |
| Zoning | R1 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-02904-0000-00042 | Total Assessment | $688,040 CAD |
| Land Assessment | $309,618 CAD | Annual Taxes | $24,862 CAD ($6.44 CAD/SF) |
| Improvements Assessment | $378,422 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
13-02904-0000-00042
Land Assessment
$309,618 CAD
Improvements Assessment
$378,422 CAD
Total Assessment
$688,040 CAD
Annual Taxes
$24,862 CAD ($6.44 CAD/SF)
Tax Year
2025
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390 Orange Rd
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