NJ > Belleville Twp.
Belleville Twp., NJ 07109,220 Passaic Ave
Belleville Twp., NJ 07109,220 Passaic Ave
Belleville Twp., NJ 07109,220 Passaic Ave
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Steven Pagan

Steven Pagan

+1(609) 631-5668
$2,300,000
Est. payment /mo
5,700 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $403

MLS Listing ID 3970108

Year Built 1928

Annual Tax Amount $20,169

Tax Year 2024

Lot Size 5,662 Sqft

Property 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.

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Finished, Full, Storage

Interior

Heating Electric, Gas-Natural

Cooling Central Air

Equipment Appliances, Fire Alarm, Fixtures, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Electric, Gas-Natural

Roof Type See Remarks

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by UNITED REAL ESTATE
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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@thepagangroup.com

90 Tanner St, Haddonfield, NJ, 08033-2419, USA

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