220 Passaic Ave Belleville, NJ $ 2,100,000
220 Passaic Ave
$ 2,100,000
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220 Passaic Ave

Belleville, NJ, 07109
$ 2,100,000
Bedrooms-- Baths-- Sq 5,700

Monthly Estimate*

$ 13,101

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Commercial Property for sale in Belleville, NJ

for $2,100,000 with 6 half baths. This 5,700 square foot building was built in 1928 on a lot size of 0.13.

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.

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Commercial Active

Price

$ 2,100,000

Half Bath

6

Property Type

Commercial

Taxes

$ 20,169

Style

Apartment Complex

Lot Size

0.13

Year Built

1928

Town/City

Belleville

County/Region

Essex

MLS | Web ID

3970108

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating Forced Hot Air See Remarks
Cooling Central Air
Utilities Electric Gas-Natural
Possession At closing
Roof See Remarks
Zoning Residential
Garage Spaces 9
Year Built 1928
Tenant Pays Cable T.V. Electric Gas Heat Hot Water
Township Belleville Twp.
Property Type Apartment Complex Apartment Complex
Tax Year 2024
Ownership Fee Simple
Location Residential Area
Lease Information Month-To-Month
Gross Income 149760
County Essex
Net Operating Income 117497
Operating Expense 32262
Status Active
Directions Harrison Ave to Passaic Ave
Number Of Units Total 6
Tax Annual Amount 20169
Drive Assigned Off-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 500100
Town # 1601
Tax Lot 6
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Interior
Basement Finished Full Storage
Fuel Type Electric Gas-Natural
Total Stories 3
Half Baths 6
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Exterior
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 5700
Lot Dimensions 52X105.47
Lot Size Acres 0.13
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* Excluded Features
List By
ANDREIA F. MELNIKOFF

Listing Agent

United Real Estate

Broker

afmelnikoff@gmail.com

Email

Affordability Calculator

$14,782
Per Month
89%
11%
0%
Monthly Principal & Interest
$13,101
Monthly Property Taxes
$1,681
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2025$2,100,000 -8.70% Price Down
6/18/2025$2,300,000 Listed Price

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220 Passaic Ave, Belleville, NJ, 07109 is a Commercial Property for sale at $2,100,000 with 5,700 sqft and a lot size of 0.13. 220 Passaic Ave was built in 1928. The property's zip code is 07109 which is in Belleville, NJ