133 Mount Prospect Ave, Belleville, NJ 07109
Two units with separate entrances, exclusive rear driveway and parking, and finished basement space ready for immediate occupancy.
- Added:
- Jun 15, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 16 at 2:46 am
Property Features for 133 Mount Prospect Ave
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1917
Listing agent PAWEL TOMCZYK
Listing office eXp Realty, LLC (866) 201-6210
Listing date Jun 15, 2026
Source Elliman
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 eXp Realty, LLC
HighLights
- Belleville 2‑family built in 1917 with 4 finished levels and separate entrances for each unit
- Total size 3,700 SF plus finished basement with a full bath, multiple rooms, laundry room, and sump pump
- Unit 1: large living room and dining room, eat‑in kitchen, 2 bedrooms (350 SF & 200 SF), and a full bath
- Unit 2: living room, dining room, eat‑in kitchen, 2 bedrooms (each 300 SF), and 2 full baths
- Finished walkout basement adds additional usable space with full bath, multiple rooms, and laundry area
- Successful property tax appeal effective 1/1/27 lowering taxes from $19,384.09 to $14,661.74 (2026 tax rate)
Overview
The home is set on a quiet street with an exclusive driveway and parking located in back. The property’s setting also places nearby transit options within walking distance, including local bus service at Union Ave and Holmes St and NJ Transit bus service at Union Ave and Belleville Ave. Restaurants are also within walking distance on Washington and Belleville Ave.
With separate entrances for each unit, this duplex may suit investors or owner-occupants looking for independent living arrangements while keeping the building under one roof. The property is reported as ready for immediate occupancy and includes notes of a completed property tax appeal effective for 1/1/27, along with eligibility information for a financing program referenced in the listing materials.
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 | $94.6k | $25.56 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $88.5k | $23.91 |
| − OpEx | −$26.5k | −$7.17 |
| NOI | $61.9k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1590633
- Latitude
- 40.7925813
