Two-Bedroom Apartment with Flex
130 Overlook Ave, Belleville, NJ 07109
For Sale
New
Contact for pricing
A bonus room offers options for office use, a den, or potential third-bedroom setup.
Property Size6 SF
Price / SF$366.67
Days on Market2
Property Features for 130 Overlook Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
2
Public Water
37.5X100
0.09
Building Details
Year Built
Listing Agency:
WEICHERT REALTORS
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 5:53PM
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 WEICHERT REALTORS
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Investment Insights
Based on property information with market context.
Set on the second floor, this updated apartment has two bedrooms and a separate flex room that can function as a home office or den, with potential for use as a third bedroom. The property was built in 1910 and has public water service.
The apartment is at 130 Overlook Ave in Belleville Township, New Jersey.
The apartment is at 130 Overlook Ave in Belleville Township, New Jersey.
Key Highlights
- Two bedrooms plus a flexible room with potential for a third bedroom
- Second‑floor apartment with updated interiors
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840
$1.8K
Cap Rate 7%
$1,314
$1.3K
Cap Rate 9%
$1,022
$1.0K
Market Conditions
NOI Build-Up for 6 SF
Gross rent
$180 $30.00/SF
− Vacancy
−$12 −$2.04/SF
EGI
$168 $27.96/SF
− OpEx
−$75 −$12.58/SF
NOI
$92 $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840
Cap Rate 7%
$1,314
Cap Rate 9%
$1,022
Alternative Uses
Best Use
Apartment 5plus
$1.3K
$1.2K – $1.5K
NOI $92 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.6K
$1.4K – $1.8K
NOI $110 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
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Business Placement
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Belleville, NJ
Properties on Market for Multifamily properties in Belleville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A bonus room offers options for office use, a den, or potential third-bedroom setup.
Where is this multifamily property located?
The property is located at 130 Overlook Ave Belleville, NJ.
What are key features of this property?
This property features: Two bedrooms plus a flexible room with potential for a third bedroom; Second‑floor apartment with updated interiors; Built in 1910
