279 Belleville Ave Bloomfield, NJ 07003
MULTI_FAMILY - Bloomfield Twp., NJ
- Added:
- May 13, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 13 at 11:06 am
Property Features for 279 Belleville Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 1, Basement, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 3
- Parking
- 4
- Interior features
- High Ceilings, Skylight, Walk-In Closet, Window Treatments, Wood Floors
- Standard status
- Pending
- Size
- 3,107 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17431
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1875
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent NINA BAVOSA (908) 696-8600
Listing office KL SOTHEBY'S INT'L. REALTY 68 N FINLEY AVENUE, Basking Ridge, NJ (908) 696-8600
Listing date May 13, 2026
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.
Investment Insights
Based on property information with market context.
The property includes a large covered front porch, parking for 4 cars, and a private fenced backyard. Public remarks note that nearby train tracks are not in use.
The separate systems and meters support straightforward, hands-on ownership and day-to-day management across both units. The combination of two distinct unit layouts plus a finished basement creates practical options for tenants or an owner-occupant seeking additional space within the property footprint.
Key Highlights
- Fully renovated 2‑family with over 3,100 sq ft of living space
- Each unit has separate gas & electric meters, separate central air, forced hot‑air HVAC, and hot water heaters
- 1st floor unit: 2 BRs, 1 full bath, and 2 half baths with spacious living room w/ fireplace, formal dining, and eat‑in kitchen
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 | $79.4k | $25.56 |
| − Vacancy | −$5.1k | −$1.65 |
| EGI | $74.3k | $23.91 |
| − OpEx | −$22.3k | −$7.17 |
| NOI | $52.0k | $16.74 |
