Twitter
Facebook
Email|
Listed with , Century 21 The Crossing
|
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 fundamentals that support low vacancy and durable cash flow year over year.With both 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.
| DAYS ON MARKET | 2 | LAST UPDATED | 3/30/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 100 |
| COUNTY | ESSEX | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | 100 |
|---|---|
| STYLE | 2 Family |
| TAXES | 12133 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Water Connected |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Josh
Baris to contact you even if your name is on a Federal or State
"Do not call List".
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Sotheby's are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 4/1/26 4:53 AM PDT Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.
