Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious 3-Bed Apartment with Garage Title is generated by Realmo AI

    170 Prospect St, Belvidere, NJ 07823

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Large apartment with updated kitchen, hardwood floors, garage, and yard.

    Type:Multi Family
    Added:
    Apr 14, 2026
    Days on Market:
    43
    Last Refresh:
    Apr 14 at 6:31 am

    Property Features for 170 Prospect St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    WILLIAM STILLMAN

    Listing agent WILLIAM STILLMAN

    Listing office COLDWELL BANKER REALTY

    Listing date Apr 14, 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 COLDWELL BANKER REALTY

    HighLights

    • Updated kitchen featuring slow‑close cabinets
    • Large 1‑car garage provides ample storage
    • Enjoy the large backyard
    • Hardwood floors throughout
    • Tall ceilings (10 ft on the first floor)
    • Located on a cul‑de‑sac

    Overview

    This is a large apartment featuring three bedrooms and one bathroom. The kitchen has been updated and includes slow-close cabinets. The apartment has tall ceilings, measuring 10 feet on the first floor and 8 feet on the second floor. Hardwood floors are present throughout the unit. A large backyard is included with the property. On-street parking is available, along with a very large one-car garage for storage. The property is located on a cul-de-sac and is connected to public water and sewer services. Additional features include an enclosed front porch and a deck in the back.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Warren
    State
    New Jersey
    Longitude
    -75.0760644
    Latitude
    40.8307465

    Nearby Similar for Lease

    • $1,500/Mo
      500-550 SF

      Equipped Restaurant Space For Lease

      Fully equipped restaurant space in high-traffic location, ready for operation.
      440 Us Highway 46, Belvidere, NJ 07823
      View Details
    • $1,200/Mo
      1,100 SF

      Commercial Space in White Twp.

      Commercial space for rent in great location with parking.
      73 Titman Rd, White Twp., NJ 07823-2644
      View Details
    • $1,100/Mo
      750 SF

      Downtown Belvidere Commercial Space

      Versatile commercial rental in high-traffic Belvidere location.
      Belvidere Twp., NJ 07823-1444
      View Details
    • $1,680/Mo
      5,000 SF

      Prime Commercial Space in White

      1,600 sq ft commercial space in a vibrant community.
      White Twp., NJ 07823-2854
      View Details
    • $1,100/Mo
      750 SF

      Belvidere Twp. Office Space

      Office space available for lease in Belvidere Twp., NJ.
      4 Market St, Belvidere Twp., NJ 07823
      View Details
    • $750/Mo
      2,700 SF

      Historic Belvidere Office Space Available

      Private offices in historic building, shared amenities, convenient location.
      Belvidere Twp., NJ 07823-1506
      View Details
    • $2,200/Mo
      2,700 SF

      Historic Office Suite in Belvidere

      Professional office suite in Belvidere's historic district available for rent.
      Belvidere Twp., NJ 07823-1506
      View Details
    • $1,500/Mo

      Charming Office Space For Rent

      Well-maintained office with hardwood floors and off-street parking.
      325 Front St, Belvidere, NJ 07823-1522
      View Details
    • $1,500/Mo

      Charming Office Space For Rent

      Well-maintained office with hardwood floors, central A/C, and parking.
      325 Front St, Belvidere Twp., NJ 07823
      View Details
    • $475/Mo

      Furnished Private Office in Belvidere

      Furnished private office in Victorian building, downtown Belvidere.
      107 Greenwich St, Belvidere Twp., NJ 07823
      View Details
    • $475/Mo

      Furnished Private Office in Belvidere

      Furnished private office in Victorian building, downtown Belvidere.
      107 Greenwich St, Belvidere Twp., NJ 07823
      View Details
    • $1,680/Mo
      5,000 SF

      Brookfield Glen Commercial Space

      Commercial space near 55+ community with high visibility.
      1 Brookfield Glen Dr, White Twp., NJ 07823
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Large apartment with updated kitchen, hardwood floors, garage, and yard.
    Where is this multifamily property located?
    The property is located at 170 Prospect St Belvidere, NJ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Updated kitchen featuring slow‑close cabinets; Large 1‑car garage provides ample storage; Enjoy the large backyard
    (908) 879-4900
    We can help!
    Listing Contact
    WILLIAM STILLMAN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    170 Prospect St, Belvidere, NJ 07823-1211
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!