222 Claremont Ave

Verona Twp, NJ 07044


 

Price: $800,000

GSMLS:  4017437
Type: Multi-Family
Style: Duplex-Side by Side
Total Units: 2
Beds: 4
Baths: 2 Full
Garage: 3-Car
Year Built: 1911
Acres: 0.20
Property Tax: $12,133
Description
Open House Thursday 11AM–1PM.
Rarely available side-by-side duplex delivering immediate income with significant upside potential. 222-224 Claremont Avenue presents a true buy-and-hold opportunity in one of Essex County's most consistently strong rental markets. Both units are currently occupied under lease through May 31, 2026, generating a combined $4,066/month ($48,792 annually) with room to grow. At lease expiration, market rents for comparable 2-bedroom units in Verona support $2,300/month per unit, pushing gross annual income to $55,200 and meaningfully improving returns for the next owner. Each unit offers a well-proportioned 2-bedroom, 1-bath layout with separate utilities, keeping operating expenses predictable and landlord exposure low. A detached 3-car garage adds a valuable additional income stream or tenant amenity, and in-basement washer/dryer provides added convenience that supports tenant retention. Private driveways for each unit further enhance the property's appeal to quality, long-term renters.Verona continues to attract strong rental demand driven by its top-rated schools, walkable downtown, and easy access to NYC via direct bus and rail connections. Leases rolling simultaneously in May 2026, an investor steps in with stabilized income today and a clean opportunity to reset both rents to market at turnover.
General Info
Style:
Duplex-Side by Side
SqFt Building:
n/a
Total Rooms:
11
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
58X148-4X148TRI
Lot Desc:
n/a
Parking
Garage Capacity:
3-Car
Description:
Detached Garage
Parking:
1 Car Width, Additional Parking
Spaces Available:
5
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Attic, Bedrooms, Den, Dining Room, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Den, Dining Room, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit
Heating Fuel:
Electric, Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Electric
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Verona Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$800,000
Tax Amount:
$12,133
Land Assessment:
$352,800
Build. Assessment:
$370,400
Total Assessment:
$723,200
Tax Rate:
3.17
Tax Year:
2025
Listing Information
MLS ID:
4017437
List Date:
03-30-2026
Days On Market:
0
Listing Broker:
CENTURY 21 THE CROSSING
Listing Agent:
Christopher Hill
 

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