Four-Unit Brick Apartment
For Sale
$640,000
332 Water St, Belvidere, NJ 07823
Four remodeled apartments with four off-street parking spaces and tenant-paid utilities, excluding water/sewer and garbage.
Property SizeContact for details
Days on Market98
Property Features for 332 Water St
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Cap Rate
7.5%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,906
Building Details
Year Built
1868
Units
4
Tenancy
Multi
Listing Agency:
FAIRCLOUGH REALTORS
Listed By:
MARC WEITZ · License #296166
(973) 726-7800
Source:
Elliman
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 6 at 6:37AM
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 FAIRCLOUGH REALTORS
Investment Insights
Based on property information with market context.
This brick exterior four-unit apartment building includes two 2-bedroom units and two 1-bedroom units, and each unit has one bathroom. The property was remodeled within the last eight years, and a recent roof replacement has been completed. Off-street parking is available for up to four cars.
Located in Belvidere, the building is positioned for everyday access, with a reported walk score of 64 and bike score of 53. The reported utility arrangement is practical for tenants and owners alike: tenants pay for all utilities except water/sewer and garbage.
For investors or operators, the tenant mix provides a balanced layout with both 1-bedroom and 2-bedroom options in one building. From an operational standpoint, the combination of recent updates, roof work, and straightforward utility responsibility supports an easier day-to-day management profile for a small multifamily portfolio.
Located in Belvidere, the building is positioned for everyday access, with a reported walk score of 64 and bike score of 53. The reported utility arrangement is practical for tenants and owners alike: tenants pay for all utilities except water/sewer and garbage.
For investors or operators, the tenant mix provides a balanced layout with both 1-bedroom and 2-bedroom options in one building. From an operational standpoint, the combination of recent updates, roof work, and straightforward utility responsibility supports an easier day-to-day management profile for a small multifamily portfolio.
Key Highlights
- Brick 4‑unit multifamily built in 1868 in the heart of Belvidere
- Unit mix: two 2BR apartments and two 1BR apartments; each has 1 BA
- Remodeled within the last 8 years
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four remodeled apartments with four off-street parking spaces and tenant-paid utilities, excluding water/sewer and garbage.
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: Brick 4‑unit multifamily built in 1868 in the heart of Belvidere; Unit mix: two 2BR apartments and two 1BR apartments; each has 1 BA; Remodeled within the last 8 years
