August 27, 2025 – Michael Agrifolio of Horvath & Tremblay has arranged the sale of an eight (8) unit multi-family property in Montclair, New Jersey. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $1,575,000.
The multi-family Property is located at 136 Walnut Street in Montclair, New Jersey. The Property consists of a two-story building containing eight (8) residential units comprised of four (4), 1-Bedroom/1-Bathroom units, and four (4) Studio units on a 0.28-acre parcel. The Property includes an on-site laundry facility and ample parking at the rear of the Property. The current rents are below market offering significant upside by achieving market rates upon lease renewal or re-tenanting. The residential units offer spacious layouts and include heat and hot water in the rent. Five of the eight units have been renovated, and the Property offers an on-site laundry facility and ample on-site parking. The Property is well located along Walnut Street in a densely populated residential neighborhood in the heart of Montclair. 136 Walnut Street enjoys close proximity to the center of town and is 0.2 miles from the Walnut Street Train Station. The Property also offers convenient access to the Garden State Parkway and Interstate 280. 136 Walnut Street is close to area schools, municipal parks, restaurants, and retailers, and is approximately 6-miles from Downtown Newark. Montclair is an affluent suburb of Manhattan and is positioned 12 miles west of the city.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.