Property

Belleville Twp., NJ 07109 220 Passaic Ave

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Presented By: UNITED REAL ESTATE; 888-501-6953
  • MLS# 3970108
  • 06/18/2025
  • Request Tour
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  • Full/Half Baths • 0 / 6
  • SQFT • 5,700
  • Garage • 9

Home Details

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.
Presented By: UNITED REAL ESTATE; 888-501-6953

Interior Features for 220 Passaic Ave

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths6

Other Interior Features

Price Per Sq Ft0.00
Available Sq Ft5700
Num 3 Bdrm Units0
Num 2 Bdrm Units2
Num 1 Bdrm Units4
BasementFinished, Full, Storage
Fuel TypeElectric, Gas-Natural
Total Stories3

General for 220 Passaic Ave

ConstructionBrick/Block
CoolingCentral Air
CountyEssex
DirectionsHarrison Ave to Passaic Ave
Documents AvailableSurvey
DriveAssigned, Off-Street Parking
EasementUnknown
Equipment AvailableAppliances, Fire Alarm, Fixtures, Smoke Detector
Garage Spaces9
Gross Income149760
HeatingForced Hot Air, See Remarks
Leasable Area
Lease InformationMonth-To-Month
LocationResidential Area
Net Operating Income11749709
Num Apts6
Number Of Units Total6
Operating Expense3226291
OwnerPaysMaintenance-Common Area, Maintenance-Lawn, Repairs, Sewer, Snow Removal, Trash Removal, Water
OwnershipFee Simple
PossessionAt closing
Property TypeApartment Complex
Property TypeApartment Complex
RoofSee Remarks
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount20169
Tax Assessed Value500100
Tax Lot6
Tax Year2024
Tenant PaysCable T.V., Electric, Gas, Heat, Hot Water
Town #1601
TownshipBelleville Twp.
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1928
ZoningResidential

Exterior for 220 Passaic Ave

Building Area Total5700
Exterior DescriptionBrick/Block
Lot Dimensions52X105.47
Lot Size Acres0.13
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

William Hernandez

Associate
Price $2,300,000
MLS#3970108
List Date 06/18/2025
Property Type Commercial
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