Triplex with Finished
For Sale
$899,000
302 Belmont Ave, Belleville, NJ 07109
Multi-Family, 3-Three Story, Belleville Twp., NJ
Property Size4,650 SF
Lot Size0.08 Acres
Price / SF$193.33
Days on Market8
Property Features for 302 Belmont Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 11, Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 10, Basement, Bedroom 4
Parking
4
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Exterior features
Privacy Fence, Sidewalk
Fencing
Privacy
Elementary school
BELLEVILLE
Middle school
BELLEVILLE
High school
BELLEVILLE
Directions
Newark Ave to Belmont Ave.
Standard status
Active
Size
4,650 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15447
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1922
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALTY EMPIRE, LLC
(973) 510-2260
Listed By:
HESHAM HAMDAM · License #403761
(201) 702-0223
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 6 at 12:06PM
MLS# 4055786
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.
This three-family property contains 4,650 square feet across three residences, with 11 bedrooms and a finished basement. Built in 1922, it occupies a 0.08-acre lot. Tenants pay their own utilities, and the property is served by public water and sewer.
The Belleville Township setting provides access to major highways, shopping, restaurants, schools, and transportation to New York City. Exterior features include a privacy fence and sidewalk.
The Belleville Township setting provides access to major highways, shopping, restaurants, schools, and transportation to New York City. Exterior features include a privacy fence and sidewalk.
Key Highlights
- Three‑family property with 4,650 square feet of living space
- Three residential units with 11 bedrooms
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,823
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,460
$1.6M
Cap Rate 7%
$1,111,757
$1.1M
Cap Rate 9%
$864,700
$864.7K
Market Conditions
NOI Build-Up for 4,650 SF
Gross rent
$118.9K $25.56/SF
− Vacancy
−$7.7K −$1.65/SF
EGI
$111.2K $23.91/SF
− OpEx
−$33.4K −$7.17/SF
NOI
$77.8K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,460
Cap Rate 7%
$1,111,757
Cap Rate 9%
$864,700
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$972.8K – $1.30M
NOI $77,823 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$1.02M
$893.9K – $1.19M
NOI $71,508 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,995 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer a multi-unit layout with a finished lower level and separate utility responsibility for tenants.
Where is this triplex located?
The property is located at 302 Belmont Ave Belleville, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑family property with 4,650 square feet of living space; Three residential units with 11 bedrooms; Finished basement
