Two-Unit Income
104 Belmont Avenue Garfield, NJ 07026
104 Belmont Avenue, Garfield, NJ, 07026
$689,999
For Sale
$689,999
Duplex with two separate living levels, including multiple bedrooms, kitchens, and a large high-ceiling basement.
Property Size2,000 SF
Price / SF$344
Days on Market172
Property Features for 104 Belmont Avenue
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi Family
Listing agency
JK Realty
(973) 563-1449
Listed by
Joseph Siano
(973) 563-1449
Source
Compass
Added: Jan 30 Updated: Jul 20 at 7:02PM Checked: Jul 20 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JK Realty
Investment Insights
Based on property information with market context.
This duplex offers two spacious, separate living levels, each designed for flexible use. The first unit includes a large living room, an eat-in kitchen, and a dining area, along with two bedrooms and a full bath. The dining area was previously configured as a third bedroom and could be converted back if desired. The second-floor unit features three bedrooms, an eat-in kitchen, and a full bath, with a kitchen hookup for a washer.
The property also includes a massive basement with high ceilings, providing additional space that could be used as a recreation area. An attached garage connects to the basement area, supporting practical storage and access.
Parking is accommodated with two single-car driveways: one driveway includes a garage, and the other is driveway-only. The property is described as commuter-friendly, with access taking approximately 3–5 minutes by drive or 15–20 minutes by walk.
The property also includes a massive basement with high ceilings, providing additional space that could be used as a recreation area. An attached garage connects to the basement area, supporting practical storage and access.
Parking is accommodated with two single-car driveways: one driveway includes a garage, and the other is driveway-only. The property is described as commuter-friendly, with access taking approximately 3–5 minutes by drive or 15–20 minutes by walk.
Key Highlights
- Duplex layout with two separate living levels, each approximately 1,000 SF
- 5 bedrooms and 2 full bathrooms total across the two units/levels
- First level includes a large living room, eat‑in kitchen, dining area, 2 bedrooms, and 1 full bath (dining area was previously a 3rd BR)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $25.56 |
| − Vacancy | −$3.3k | −$1.65 |
| EGI | $47.8k | $23.91 |
| − OpEx | −$14.3k | −$7.17 |
| NOI | $33.5k | $16.74 |
2,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.2K
$418.4K – $557.9K
NOI $33,472 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two separate living levels, including multiple bedrooms, kitchens, and a large high-ceiling basement.
Where is this duplex located?
The property is located at 104 Belmont Avenue Garfield, NJ.
What is the asking price?
The asking price for this property is $689,999.
What are key features of this property?
This property features: Duplex layout with two separate living levels, each approximately 1,000 SF; 5 bedrooms and 2 full bathrooms total across the two units/levels; First level includes a large living room, eat‑in kitchen, dining area, 2 bedrooms, and 1 full bath (dining area was previously a 3rd BR)
