Investor opportunity or perfect for an owner-occupant seeking rental income! Located in the desirable community of Montclair, this property offers strong potential for investors or buyers looking to offset their mortgage with rental income, with projected annual income potential of approximately $80,000/year. Timeless character, flexible living space, and an unbeatable location come together at 125 Alexander Ave. This spacious two-family home offers 15 total rooms across three finished levels, featuring 7 bedrooms and 2 full baths with beautifully preserved charm throughout. Built in 1904, the home showcases classic architectural details, wood flooring, generous room sizes, and abundant natural light. The first-floor unit features 3 bedrooms, a sunroom, formal dining room, and inviting living spaces, while the upper unit spans two levels with 4 bedrooms plus additional flexible living space including a family room and finished attic area. Ideal for owner-occupants, multi-generational living, or investors seeking strong long-term value. Additional highlights include a full unfinished basement, attached 2-car garage, blacktop driveway, level backyard, deck, vinyl fencing, public utilities, and separate living areas with excellent functionality. Conveniently located near parks, schools, shopping, dining, and NYC transportation. This is a rare opportunity to own a classic multi-family property in one of Essex County's most sought-after communities and schools.