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16 Rosedale Ave #2, Montclair, NJ, 07042

5beds
3baths
2,408sqft
$930,000
$386price/sqft
$6,818/moest. monthly cost
$272,720/yrincome needed

About This Home

Beautiful and spacious two-family home with bonus living space located in Montclair, NJ, featuring hardwood floors throughout and separate utilities. The first-floor unit has been stripped down to the studs, offering a blank canvas for the next owner to customize and renovate to their own taste. Originally configured with 2 bedrooms, 1 full bath, a living room, dining room, office space, and kitchen, it presents an excellent opportunity for renovation. The second unit spans the second and third floors and features 3 bedrooms, a sunroom, living room, dining room, a full bath, and a modern kitchen with sliding doors leading to a private deck overlooking the backyard. The finished basement includes a full bathroom, three additional rooms, and a separate entrance to the utility room with two water heaters and two separate heating systems. Enjoy the serene backyard with a koi pond, patio, a detached two-car garage, and a driveway that accommodates up to four vehicles. Conveniently located within walking distance to shops, parks, schools, the public pool, and public transportation.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

--
7/10
Glenfield Middle SchoolGrades 6-81.1 mi
6/10
Montclair High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1929

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Water Heater (See Remarks)

Basement

  • Has basement: Yes
  • Basement: Yes,Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Dining Room,Kitchen,Living Room,Sunroom

Heating & Cooling

  • Heating features: Radiators - Steam,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,408
  • Total interior livable area: 2,408 sqft

Property

Details

  • Parcel number: 1613039040000000030000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3,760 sqft
  • Lot size dimensions: 40 x 94 IRR

Parking

  • Total spaces: 4
  • Parking features: Driveway-Exclusive,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,702$56,424
Home Insurance *$224$2,688
Property Taxes $1,627$19,524
Electricity $265$3,185
Total$6,818$81,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$233,760/yr
40% on housing$204,540/yr
45% on housing$181,813/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$386This listing

vs Other Active Listings

Avg $/sqft

ZIP 07042$547
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07042$538
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-11Price change$899,999
2026-07-24Listed for sale$930,000

For Sale by Agent

AgentLuis Cruz
BrokerageRealty One Group Legend

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