Properties

Description

This is an outstanding investment opportunity in the heart of Belleville! 220 Passaic Avenue is a 6-Unit Multifamily Property, located on a high-visibility corner lot and in a high-demand rental market. This 5,700 SqFt building sits on corner lot and features a desirable mix unit of two 2-bedroom units and four 1-bedroom units. The property was comprehensively renovated approximately two years ago, with updated interiors, modern finishes, and security system. Each unit includes in-unit laundry and private storage, offering comfort and convenience for tenants. Additional upgrades include security system covering hallways and exterior areas. Tenants benefit from 9 assigned parking spaces and access to a fully finished basement that adds functional space and long-term potential. The property is 100% occupied, delivering reliable income, strong tenant retention, and low vacancy rate. Located near Route 21, the Garden State Parkway, and NJ Transit. Just minutes from Newark, Bloomfield, and major employment centers this asset is also within walking distance of shopping, schools, and a public park. This is a rare chance to acquire a fully stabilized, recently upgraded multifamily asset in a sought-after Essex County submarket.

Features

  • Heating System : Forced Hot Air, See Remarks
  • Cooling System : Central Air
  • Basement : Full, Storage, Finished
  • Roof Deck : See Remarks
  • Tax Assessed Valuation: 500100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: UNITED REAL ESTATE
  • Office MLS ID: 4738
  • Agent ID: 301226
  • Tax: 20169
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Residential

Commercial For Sale

For Sale
$2,300,000

220 Passaic Ave, Belleville Twp., *

  • SQFT 52 Acre
  • Built Year 1928

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5365806
  • Price: $2,300,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1928
  • Year Built Description: Approximate, Renovated
  • Lot Area: 52 Acre
  • Status: Active
  • Days On Market: 27

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Belleville Twp.
  • Zipcode *
  • Street: Passaic Ave
  • Street Number: 220
  • Street Direction: Harrison Ave to Passaic Ave
  • Floor Number: 0
  • Longitude: W75° 50' 27.2''
  • Latitude: N40° 48' 27.1''
  • Internet Display Address: No
Property