1. New Jersey
2. Belleville
3. 220 Passaic Avenue

220 Passaic Avenue, Belleville, NJ 07109

• 5,700 sqft

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.

Listing Status:

Active

Date Added:

June 21, 2025 at 05:00AM

Listing Office:

UNITED R.E. OF NORTH JERSEY : 888-501-6953

Listing Agent:

ANDREIA F. MELNIKOFF :

MLS ID:

2515647R

Interior

• Flooring: ConcreteTileWood
• A/C: Central AirCeiling Fan(s)
• Heating: ZonedForced Air

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of ANDREIA F. MELNIKOFF, UNITED R.E. OF NORTH JERSEY