Fully Renovated Two-Family
279 Belleville Avenue Bloomfield, NJ 07003
279 Belleville Avenue, Bloomfield, NJ, 07003
$875,000
Pending
For Sale
$875,000
Pending
Turnkey two-family property with separate utilities and dedicated HVAC systems for each unit.
Property Size3,100 SF
Days on Market70
Property Features for 279 Belleville Avenue
General Information
- Standard status
- Pending
- Size
- 3,100 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1900
Listing agency
KL SOTHEBY'S INT'L. REALTY
(908) 696-8600
Listed by
NINA BAVOSA · License #312514
(908) 696-8600
Source
Compass
Added: May 13 Updated: Jul 20 at 5:56PM Checked: Jul 21 at 7:03AM
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 KL SOTHEBY'S INT'L. REALTY
Investment Insights
Based on property information with market context.
This fully renovated two-family home offers spacious, move-in-ready living with owner-occupied pride of ownership. The property features separate gas and electric meters for each unit, along with separate central air, forced hot air HVAC systems, and hot water heaters. The first-floor unit includes two bedrooms and 1.5 baths on the main level, plus an additional bedroom and powder room in the finished basement. The second unit offers three bedrooms and two full baths, with spacious living and dining rooms, in-unit laundry, and a kitchen with a large pantry.
Interior highlights include soaring ceilings and natural light in the living room with fireplace, a formal dining room with skylights, and an eat-in kitchen with extensive storage. The fully finished basement adds flexible additional space, including a gym/home office area, media room, laundry room, and a bonus bedroom.
Outside, there is a large covered front porch, parking for four cars, and a private fenced backyard, completing a well-rounded two-family configuration designed for comfortable multi-generational or live-in-and-rent use.
Interior highlights include soaring ceilings and natural light in the living room with fireplace, a formal dining room with skylights, and an eat-in kitchen with extensive storage. The fully finished basement adds flexible additional space, including a gym/home office area, media room, laundry room, and a bonus bedroom.
Outside, there is a large covered front porch, parking for four cars, and a private fenced backyard, completing a well-rounded two-family configuration designed for comfortable multi-generational or live-in-and-rent use.
Key Highlights
- Fully renovated two‑family with over 3,100 sq ft of living space
- Each unit has separate gas and electric meters, plus separate central air and forced hot air HVAC and hot water heaters
- Finished full basement with gym/home office flex area, media room, laundry room, and bonus bedroom
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 | $79.2k | $25.56 |
| − Vacancy | −$5.1k | −$1.65 |
| EGI | $74.1k | $23.91 |
| − OpEx | −$22.2k | −$7.17 |
| NOI | $51.9k | $16.74 |
3,100 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$741.2K
$648.5K – $864.7K
NOI $51,882 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$681.0K
$595.9K – $794.5K
NOI $47,672 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,663 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family property with separate utilities and dedicated HVAC systems for each unit.
Where is this duplex located?
The property is located at 279 Belleville Avenue Bloomfield, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully renovated two‑family with over 3,100 sq ft of living space; Each unit has separate gas and electric meters, plus separate central air and forced hot air HVAC and hot water heaters; Finished full basement with gym/home office flex area, media room, laundry room, and bonus bedroom
