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USANJBelleville220 Passaic Ave
220 Passaic Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Belleville NJ | Image 1
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$2,300,000

220 Passaic Ave, Belleville, NJ

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $20,169
Days Active 1
Approx. Age 
MLS® Number 25021200

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number25021200
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral Air, Electric, Hot Air
A/C
Heating Fuel

Extras

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