220 Passaic Ave , Belleville Twp., Essex 07109-1905
- $2,100,000
220 Passaic Ave , Belleville Twp., Essex 07109-1905
- $2,100,000
Description
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.
Address
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Address: 220 Passaic Ave
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City: Belleville Twp.
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State/county: Essex
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Zip/Postal Code: 07109-1905
Details
Updated on October 1, 2025 at 5:44 pm-
Property ID HZ3970108
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Price $2,100,000
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Property Size 5700 Sqft
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Land Area 0.13 Acres
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Garages 9
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Garage Size x x
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Year Built 1928
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Property Status Active
Additional details
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Roof See Remarks
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Utilities Electric, Gas-Natural
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Sewer Public Sewer
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Cooling Central Air
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Heating Forced Hot Air, See Remarks
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County Essex
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Property Type Apartment Complex
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