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Remodeled Quadplex with Deck
For Sale
$640,000

332 Water St, Belvidere, NJ 07823

Multi-Family, 2-Two Story, Belvidere Twp., NJ

Property SizeContact for details
Lot Size0.22 Acres
Days on Market103

Property Features for 332 Water St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning B
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Parking 4
Patio and Porch features Deck
Exterior features Deck
Directions On Water St
Standard status Active
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9906

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Baseboard
Water source Public

Building Details

Year built 1868
Floors in Building 2
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: FAIRCLOUGH REALTORS
Listed By: MARC WEITZ · License #296166
Added: May 27 Changed: Sep 3 Last Checked: Sep 6 at 8:06AM
MLS# 4030489

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This quadplex at 332 Water St. includes four apartments arranged as two 2 BR units and two 1 BR units, with 1 BA in each residence. The brick exterior is complemented by a deck, electric baseboard heating, a shingle roof, and a basement. Improvements were completed within the last 8 years, and the roof was recently replaced.

The property occupies 0.22 acres in Belvidere Twp., NJ, with parking for 4 cars. Public water and public sewer serve the building, while tenants pay all utilities other than water/sewer and garbage. The property is zoned B and was built in 1868. The listing reports a 7.5% CAP rate.

Key Highlights

  • Four‑unit layout: two 2 BR apartments and two 1 BR apartments, each with 1 BA
  • 0.22‑acre property at 332 Water St, Belvidere Twp., NJ 07823‑1219
  • Remodeled within the last 8 years with a recently replaced shingle roof

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Nail Salon Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

Demographics for 07823, NJ

7,102
Population
3,643
Households
1.9
Avg Household Size
53
Median Age
24%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
283
Density / Sq Mi
$84,381
Median Household Income
$42,805
Median Earnings
$948
Median Rent
$314,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick construction, updated interiors, and a recently replaced shingle roof support this four-unit income property.
Where is this quadplex located?
The property is located at 332 Water St Belvidere, NJ.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four‑unit layout: two 2 BR apartments and two 1 BR apartments, each with 1 BA; 0.22‑acre property at 332 Water St, Belvidere Twp., NJ 07823‑1219; Remodeled within the last 8 years with a recently replaced shingle roof
More about this property
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