Victorian Mixed-Use
New
For Sale
$408,000
128 Belvidere Ave, Washington, NJ 07882
The building combines ground-floor professional offices with a two-bedroom apartment above and parking for two vehicles.
Property Size2,266 SF
Price / SF$180.05
Days on Market4
Property Features for 128 Belvidere Ave
General Information
Standard status
Active
Size
2,266 SF
Total Parking Spaces
2
Property subtype
Commercial
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Office Units
1
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$10,591
Amenities
wraparound front porch
handicap-accessible entry
exceptional woodwork
custom built-ins
original hardwood floors
original stained-glass window
walk-up attic
Central air
Asphalt Shingle Roof
1 Unit Heating
Level Lot
Off-Street Parking
On-Street Parking
Radiators - Hot Water Heating
Wall A/C Unit(s) Cooling
Building Details
Buildings
1
Construction
Victorian
Listing Agency:
COLDWELL BANKER REALTY
(908) 735-8080
Listed By:
JESSICA MCGOURTY
Source:
Corcoran
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 5:21AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
At 128 Belvidere Ave, this 2,266-square-foot mixed-use building pairs a ground-floor professional office layout with a two-bedroom apartment on the upper level. The office area includes a full bathroom and an accessible entrance. Upstairs, the apartment has a living room and full bathroom, with a rear staircase connecting the floors. A walk-up attic provides storage, while the wraparound porch, original hardwood floors, custom built-ins, and stained-glass window retain the building’s period character.
The property has two parking spaces and is minutes from Routes 57 and 31, with access to Interstate 78.
The property has two parking spaces and is minutes from Routes 57 and 31, with access to Interstate 78.
Key Highlights
- 2,266‑square‑foot Victorian building with office and apartment configurations
- Ground floor includes professional office space, a full bathroom, and accessible entry
- Upper level features a two‑bedroom apartment with living room and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,669
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,380
$713.4K
Cap Rate 7%
$509,557
$509.6K
Cap Rate 9%
$396,322
$396.3K
Market Conditions
NOI Build-Up for 2,266 SF
Gross rent
$59.8K $26.40/SF
− Vacancy
−$12.3K −$5.41/SF
EGI
$47.6K $20.99/SF
− OpEx
−$11.9K −$5.25/SF
NOI
$35.7K $15.74/SF
Area
Warren County, NJ
Vacancy
20.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,380
Cap Rate 7%
$509,557
Cap Rate 9%
$396,322
Alternative Uses
Best Use
Office B
$509.6K
$445.9K – $594.5K
NOI $35,669 @ 7.0% cap · market cap 8.74%
Second Best
Mixed Use
$468.2K
$409.7K – $546.3K
NOI $32,777 @ 7.0% cap · market cap 8.03%
Theoretical Best
Warehouse
$854.9K
$748.0K – $997.4K
NOI $59,843 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 07882, NJ
14,971
Population
6,290
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
474
Density / Sq Mi
$100,852
Median Household Income
$55,316
Median Earnings
$1,411
Median Rent
$333,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines ground-floor professional offices with a two-bedroom apartment above and parking for two vehicles.
Where is this mixed-use property located?
The property is located at 128 Belvidere Ave Washington, NJ.
What is the asking price?
The asking price for this property is $408,000.
What are key features of this property?
This property features: 2,266‑square‑foot Victorian building with office and apartment configurations; Ground floor includes professional office space, a full bathroom, and accessible entry; Upper level features a two‑bedroom apartment with living room and full bathroom
