Prime Montclair Multi-Family Investment Opportunity!
9 Wheeler Street, Montclair, NJ
Welcome to 9 Wheeler Street, Montclair, a centrally located, fully updated 3-family income-generating property perfect for an investor looking for rental income.
Boasting 16 rooms, 5 bedrooms, 4 full bathrooms, and Central Air, this home is
just 0.4 miles from the Bay Street Train Station and 0.5 miles from the Glen Ridge Train Station for a direct commute to NYC.
Enjoy ultimate convenience being just 1 mile from Bloomfield shops and restaurants, and moments away from local schools and parks.
Unit Breakdown
Unit 1 (First Floor)
A beautifully updated space with high-end finishes and direct yard access.
Living Area: Bright living room with durable vinyl flooring.
Chef’s Kitchen: Eat-in kitchen with tile flooring, custom cabinetry, quartz countertops, a large pantry, and recessed lighting. Equipped with premium stainless steel appliances including a Bosch dishwasher, gas oven, and microwave.
Bedrooms: Two spacious bedrooms, each featuring ample closet space.
Bathroom: Full bath featuring a tub and shower setup.
Bonus Features: Back door leads to the rear stairs, storage, and the shared fenced-in yard/patio.
Unit 2 (Second Floor)
A flexible and spacious layout fwith natural light.
Eat-In Kitchen: Features custom cabinets, quartz countertops, a tile backsplash, tile flooring, stainless steel appliances, and recessed lighting. Offers access to the back stairs and storage.
Living Space: Cozy central living room.
Bedrooms: Features 2 bedrooms and an office.
Bathroom: Modern full bath with a tub and shower.
Unit 3 (Third Floor)
A private top-floor retreat.
Eat-In Kitchen: Fully updated with custom cabinets, quartz countertops, a tile backsplash, tile flooring, stainless steel appliances, and recessed lighting. Includes access to the back stairs and storage.
Living & Sleeping: Separate, comfortable living room and a private bedroom.
Bathroom: Full bath with a tub and shower.
Lower Level (Renovated 2025/2026)
The newly renovated lower level adds massive value to the property with separate access directly to the street.
Shared Amenities: Common laundry area. This area could also function as an office.
Conveniences: Equipped with a slop sink, a full bathroom, and independent split ductless AC.
Mechanicals: Houses the separate utility systems.
Property Updates
Renovated (2023–2026): Brand new kitchens, bathrooms, windows, and a fully finished basement.
· December 2023 - January 2024: Unit 1 Kitchen (new cabinets and countertops, dishwasher installation), basement (one washer/dryer installation, mini-split installation, all floors redone).
· March 2025: Pest control sealing (around house base and roof).
· December 2025 - January 2026: Basement staircase landing epoxy, mechanical room finishing, laundry room, closure of front storage space.
· January 2026: Unit 2 bathroom (new toilet, vanity, window), kitchen / hallway flooring.
· August 2026: Roof around chimney and ceiling repairs in Units 2 and 3.
Other Details:
· Separate Utilities: Tenants pay individual gas and electric; landlord covers water and sewer.
· Outdoor Living: Shared, wood-fenced backyard featuring a spacious patio, and a grassy area for play and entertainment.
· Property Type: Multi-Family (3 Units)
· Cooling: Central Air / Split Ductless
· Renovation Year: 2023–2026
· Parking/Yard: On-Street overnight parking permits available from the town for $50/mo. Link: https://www.montclairnjusa.org/Government/Departments/Parking-Utility/Parking-Permits