220 Passaic AVE, Belleville, NJ 07109
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220 Passaic AVE, Belleville, NJ 07109
220 Passaic AVE, Belleville, NJ 07109
220 Passaic AVE, Belleville, NJ 07109
220 Passaic AVE, Belleville, NJ 07109
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
Listed by Andreia Melnikoff United Real Estate
$ 2,000,000
Est. payment /mo
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Under Contract

220 Passaic AVE Belleville, NJ 07109

UPDATED:

Key Details

Property Type Commercial Sale/Lease

Sub Type Industrial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 25021200

Style Industrial

Property Sub-Type Industrial

Property Description

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. With 5 years of taxes abatement, 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 nine 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.

Location

State NJ

County Essex

Interior

Heating Central Air, Electric, Hot Air

New Jersey MLS (NJMLS)

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Patric Santo Pietro

Agent License ID: 1007170

+1(732) 570-5442

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220 Passaic AVE

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