Larger Home
5,700 sqft, 855 sqft larger (18%) than nearby homes
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What makes this property special compared to others in the area
5,700 sqft, 855 sqft larger (18%) than nearby homes
Property values in Belleville have increased 7% in the last year
Belleville is a sought-after location with great amenities and accessibility
This is an outstanding investment opportunity in the heart of Belleville! 220 Passaic Avenue is a six-unit multifamily property, fully leased, located on a high-visibility corner lot and in a high-demand rental market. This 5,700 sqf building sits on a 5,484 sqf 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 a full building-wide fire alarm system and a comprehensive security camera 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. This asset is also within short 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.
Average home price in this area
0 new listings in the last 3 months
0 homes sold in the last 3 months
Market data is based on recent sales and listings in this area.
What makes this property special compared to others in the area
5,700 sqft, offering generous living space in Belleville
Belleville is currently a hot seller's market
Built in 1928 with contemporary features
Great value in a desirable Belleville location
This is an outstanding investment opportunity in the heart of Belleville! 220 Passaic Avenue is a six-unit multifamily property, fully leased, located on a high-visibility corner lot and in a high-demand rental market. This 5,700 sqf building sits on a 5,484 sqf 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 a full building-wide fire alarm system and a comprehensive security camera 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. This asset is also within short 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.
Go see 220 Passaic Avenue, Belleville NJ 07109
Pick a time to see the home and we'll coordinate a tour for you.
Average home price in this area
45 new listings in the last 3 months
68 homes sold in the last 3 months
Market data is based on recent sales and listings in this area.
Home prices in 07109 have decreased over the last 3 years while overall home prices in Belleville have been growing.
-1.4% per year
13.7% per year
Jun 2025
$2.4M
What makes this property special compared to others in the area
5,700 sqft, offering generous living space in Belleville
Belleville is currently a balanced market
Built in 1928 with contemporary features
Great value in a desirable Belleville location
This is an outstanding investment opportunity in the heart of Belleville! 220 Passaic Avenue is a six-unit multifamily property, fully leased, located on a high-visibility corner lot and in a high-demand rental market. This 5,700 sqf building sits on a 5,484 sqf 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 a full building-wide fire alarm system and a comprehensive security camera 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. This asset is also within short 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.
Go see 220 Passaic Avenue, Belleville NJ 07109
Pick a time to see the home and we'll coordinate a tour for you.
Average home price in this area
45 new listings in the last 3 months
68 homes sold in the last 3 months
Market data is based on recent sales and listings in this area.
Home prices in 07109 have decreased over the last 3 years while overall home prices in Belleville have been growing.
-1.4% per year
13.7% per year
Jun 2025
$2.4M