Renovated Multi-Family
279 Belleville Ave, Bloomfield, NJ 07003
Multi-Family, 2-Two Story - Bloomfield Twp., NJ
Property size:
3,107 SFLot size:
0.15 AcresPrice / SF:
$281/SF- Added:
- May 13, 2026
- Days on Market:
- 15
- Last Refresh:
- May 27 at 6:06 pm
Property Features for 279 Belleville Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room, Master Bedroom
- Parking
- 4
- Window features
- Skylight(s)
- Interior features
- High Ceilings, See Remarks, Skylight, Walk-In Closet, Window Treatments, Wood Floors
- Fireplace
- 1
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer, Microwave, Oven - Gas, Range, Refrigerator, Washer, Washer/Dryer Combo, Washer/Dryer Stack
- Standard status
- Active
- Size
- 3,107 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17431
Utilities
- Heating system
- Fireplace(s)
- Cooling system
- Multi Units
Building Details
- Year built
- 1875
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent NINA BAVOSA (908) 696-8600
Listing office KL SOTHEBY'S INT'L. REALTY 68 NORTH FINLEY AVENUE, Basking Ridge, NJ (908) 696-8600
Listing date May 13, 2026
MLS# 4027538
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 2‑family property with over 3,100 sq ft of living space, suitable for investors or owner‑occupants.
- Each unit has separate gas & electric meters, central air, forced hot air HVAC systems, and hot water heaters.
- The 2nd unit features a 3rd‑floor primary suite with a sitting room, walk‑in closets, and a spa bath.
- The 1st‑floor unit includes a fully finished basement with a gym/home office, media room, laundry room, and bonus room.
- Ample parking with space for 4 cars and a private fenced backyard.
- First floor unit features soaring ceilings, natural light, a fireplace, formal dining room with skylights, and an eat‑in kitchen.
Overview
This fully renovated 2-family property offers over 3,100 sq ft of living space. The property is completely owner-occupied and showcases pride of ownership. It is suitable for investors seeking income potential or owner-occupants looking to offset their mortgage. Each unit has separate gas and electric meters, separate central air, forced hot air HVAC systems, and hot water heaters. The first-floor unit features 2 bedrooms, 1 full bath, and 2 half baths. Soaring ceilings and natural light flow throughout the spacious living room with a fireplace, a formal dining room with skylights, and an eat-in kitchen with extensive storage. The fully finished basement offers additional living space, including a gym/home office flex area, media room, laundry room, bonus room, and powder room. The second unit offers 3 bedrooms and 2 full baths, spacious living and dining rooms, in-unit laundry, and a kitchen with a large pantry. The third-floor primary suite features a sitting room, walk-in closets, and a spa bath with vaulted ceilings, a dual vanity, a water closet, and a walk-in shower with an integrated soaking tub. The property also includes a large covered front porch, parking for 4 cars, and a private fenced backyard. The lot size is 0.15 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$577.8K
NOI $51,999 @ 9.00% cap · cautious / downside scenario
Moderate
$742.8K
NOI $51,999 @ 7.00% cap · market / base-case scenario
Aggressive
$1.04M
NOI $51,999 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.4k | $25.56 |
| − Vacancy | −$5.1k | −$1.65 |
| EGI | $74.3k | $23.91 |
| − OpEx | −$22.3k | −$7.17 |
| NOI | $52.0k | $16.74 |
3,107 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$742.8K
$650.0K – $866.7K
NOI $51,999 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$682.6K
$597.2K – $796.3K
NOI $47,779 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$811.3K
$709.9K – $946.5K
NOI $56,791 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.19284
- Latitude
- 40.79969
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated 2-family property with over 3,100 sq ft.
Where is this duplex located?
The property is located at 279 Belleville Ave 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 2‑family property with over 3,100 sq ft of living space, suitable for investors or owner‑occupants.; Each unit has separate gas & electric meters, central air, forced hot air HVAC systems, and hot water heaters.; The 2nd unit features a 3rd‑floor primary suite with a sitting room, walk‑in closets, and a spa bath.
