222 Claremont Ave Verona Twp., NJ 07044
Listing Courtesy of: GARDEN STATE MLS - IDX / Century 21 The Crossing / Christopher HIll - Contact:  973-227-7000

  222 Claremont Ave Verona Twp., NJ 07044

Pending (18 Days)
$800,000 (USD)
4
BED
2
BATH

Description

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.

MLS #:
4017437
Taxes
$12,133(2025)
Lot Size
8,712 SQFT
Type
Multifamily
Year Built
1911
County
Essex County

Listed By

Christopher HIll, Century 21 The Crossing, Contact: 973-227-7000
Source
GARDEN STATE MLS - IDX
Last checked Apr 17 2026 at 8:15 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Heating and Cooling
  • 1 Unit
  • Window A/C(s)
Basement Information
  • Unfinished
Exterior Features
  • Vinyl Siding
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Gas-Natural, Public Water, Electric
  • Sewer: Public Sewer
  • Fuel: Gas-Natural, Electric
Garage
  • Detached Garage
Parking
  • Additional Parking
  • 1 Car Width
Additional Information: The Crossing | 973-227-7000
Location
   
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