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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 2,000,000

Est. payment -/mo

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Under Contract

220 Passaic AVE Belleville, NJ 07109

5,700 SqFt

UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $350

MLS Listing ID 2515647R

Year Built 1928

Annual Tax Amount $20,169

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 0.00 x 0.00

Property Sub-Type Commercial

Source CJMLS API

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. 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.

Location

State NJ

County Essex

Community Laundry Room

Zoning Residential

Interior

Interior Features Refrigeration

Heating Zoned, Forced Air

Cooling Central Air, Ceiling Fan(s)

Flooring Concrete, Tile, Wood

Appliance Refrigeration

Heat Source Natural Gas

Exterior

Community Features Laundry Room

Utilities Available Electricity Connected, Natural Gas Connected, Separate Utilities

Roof Type See Remarks

Total Parking Spaces 9

Building

Lot Description Corner Lot

Story 3

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 0200435000000002

Energy Description Natural Gas

Virtual Tour https://www.propertypanorama.com/instaview/msx/2515647R

Listed by UNITED R.E. OF NORTH JERSEY

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Agent License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

220 Passaic AVE Belleville, NJ 07109

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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220 Passaic AVE