526 Highland Ave - The Skyline Colonial at Mills Reservation 2,021 SF Specialty Building Offered at $1,785,030 CAD at a 10.80% Cap Rate in Montclair, NJ 07043

WELL-BOOKED SHORT-TERM RENTAL PROPERTY! Turnkey, fully furnished income-producing Airbnb 4.79 rating & VRBO with a proven 6+ year track record. Cozy Colonial offers 3 bedrooms hosting 6 guests, 1 full and 3 half baths, and is ideally located in sought-after Upper Montclair, just 3 blocks to the NYC direct train and minutes to major 2026 “once-in-a-lifetime” events including MetLife Stadium FIFA World Cup (15 min), US Open, July 4th/Macy’s Fireworks, Sail4th 250 driving strong yr-round & peak demand rates creating meaningful upside in annual revenue.
Exceptional opportunity with consistent income, high occupancy, and minimal overhead. The property generates approximately $169K in annual gross revenue from Airbnb, VRBO, and private bookings. Approximate 80% occupancy (40+ weeks) and a $587/day average rate, it delivers a strong Net Operating Income (NOI) of ~$140,244.
Home features modern updates including hardwood floors, wood fireplace, updated kitchen, 3-season Florida room, leading to a gorgeous, private backyard. Direct access to Mills Reservation (157-acre park) offers scenic trails and NYC skyline views—a major guest draw.
Ideal for investors seeking immediate cash flow and long-term upside in NJ’s most desirable location.
This income-generating property is a rare and valuable find in one of New Jersey's most desirable rental markets
Major Investment Highlights:
Proven 6+ year Airbnb/VRBO track record
Consistent 80%+ occupancy rate
Strong NOI of ~$140K annually
Additional income from private events & film rentals
Low annual operating expenses (~$29K)
Significant tax advantages for short-term rental ownership
2026 Peak Demand Calendar Advantage:
Positioned to capitalize on major upcoming events, including the FIFA World Cup (June 11 – July 19) at MetLife Stadium just 15 minutes away, along with July 4th celebrations and the US Open. These high-demand periods drive premium rental rates and near-full occupancy, significantly boosting revenue potential. An added bonus for new owners: FIFA World Cup new host incentive (entire-home listing) eligibile for Airbnb’s $750 bonus.
This is more than just a home—it’s a fully stabilized, income-generating asset in one of New Jersey’s most sought-after rental markets. Perfect for investors seeking immediate cash flow with future upside tied to global events and continued demand growth.
2026 Peak Demand Calendar
Dates Primary Event Local Strategy
June 11 – July 19 FIFA World Cup Peak tournament window. Expect high demand for the 8 match dates at MetLife.
July 3 – July 9 Sail4th 250 / July 4th & Macy’s Fireworks Huge influx of domestic and international tourists for the 250th birthday.
Aug 23 – Aug 29 US Open Fan Week "Early bird" tennis fans and families; high demand for larger homes.
Aug 30 – Sept 13 US Open Main Draw Two weeks of consistent high occupancy. Finals weekend (Sept 12–13) is the peak.