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390 Orange Rd 5 Unit Apartment Building $1,623,340 CAD ($324,668 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 |
$140,839
|
$36.48
|
| Other Income |
$365
|
$0.09
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,204
|
$36.57
|
| Taxes |
$25,110
|
$6.50
|
| Operating Expenses |
$19,769
|
$5.12
|
| Total Expenses |
$44,879
|
$11.62
|
| Net Operating Income |
$96,325
|
$24.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $140,839 |
| Annual Per SF | $36.48 |
| Other Income (CAD) | |
|---|---|
| Annual | $365 |
| Annual Per SF | $0.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $141,204 |
| Annual Per SF | $36.57 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,110 |
| Annual Per SF | $6.50 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,769 |
| Annual Per SF | $5.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,879 |
| Annual Per SF | $11.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,325 |
| Annual Per SF | $24.95 |
Property Facts
| Price | $1,623,340 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $324,668 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 | $1,623,340 CAD |
| Price Per Unit | $324,668 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 | $697,040 CAD (2026) |
| Land Assessment | $313,668 CAD (2026) | Annual Taxes | $25,110 CAD ($6.50 CAD/SF) |
| Improvements Assessment | $383,372 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
13-02904-0000-00042
Land Assessment
$313,668 CAD (2026)
Improvements Assessment
$383,372 CAD (2026)
Total Assessment
$697,040 CAD (2026)
Annual Taxes
$25,110 CAD ($6.50 CAD/SF)
Tax Year
2025
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390 Orange Rd
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