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Apartment Complex For Sale

220 Passaic Ave, Belleville Twp., Essex 07109-1905

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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.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
3970108
Price:
$2,000,000
Year Built:
1928
Lot Area:
0.13 Acre
Status:
Under Contract
Office Name:
UNITED REAL ESTATE
Agent Name:
ANDREIA F. MELNIKOFF
Roof:
See Remarks
Features
Heating System:
Forced Hot Air, See Remarks
Cooling System:
Central Air
Basement:
Full, Finished, Storage
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Belleville Twp.
Zipcode:
07109-1905
Street:
Passaic Ave
Street Number:
220
Longitude:
W75° 50' 27.2''
Latitude:
N40° 48' 27.1''
Directions:
Harrison Ave to Passaic Ave
Zoning:
Residential
Additional Information
Lot Size Dimensions:
52X105.47
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
6
Garage:
9
Building Size:
5700
Financial
Tax Annual Amount:
20169
Listing Information
List Agent Mls Id:
301226
List Office Mls Id:
4738
Mls Status:
Under Contract
Modification Timestamp:
2026-05-17T09:40:04Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
3970108
Lot Area:
0.13 Acre
$2,000,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com