Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Multi-Family Income Property Title is generated by Realmo AI

    302 Front St, Belvidere, NJ 07823

    View on Map
    Claim this Listing
    New
    For Sale
    $510,000

    Multi-Family, See Remarks - Belvidere Twp., NJ

    Lot size:
    0.06 Acres
    Added:
    May 27, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 1 at 9:06 am

    Property Features for 302 Front St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room, Master Bedroom
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5943

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1888
    Number of units
    3
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    MARC WEITZ

    Listing agent MARC WEITZ

    Listing office FAIRCLOUGH REALTORS 265 SPARTA, Sparta, NJ

    Listing date May 27, 2026

    MLS# 4030232 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

    • 8% cap rate
    • Turn‑key, fully remodeled condition, inside and out, including new roof
    • Three‑unit multi‑family property
    • Tenants pay all utilities except water/sewer and garbage
    • Excellent in‑town corner location; walkable
    • Strong cash flow potential

    Overview

    This is a turn-key, 3-unit multi-family income property located in the town center of Belvidere. The property features two 2-bedroom apartments and one 1-bedroom apartment, each with one bathroom. The property has been recently remodeled inside and out, including a full new roof. Tenants are responsible for all utilities except water, sewer, and garbage. Situated on a corner lot of 0.06 acres, the property benefits from a great in-town location that is very walkable for tenants. This property is ideal for investors seeking an easy-to-maintain investment with a strong cash flow, operating at an 8% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Warren
    State
    New Jersey
    Longitude
    -75.07851
    Latitude
    40.8284

    Nearby Similar for Sale

    • $500,000
      4,608 SF

      Belvidere Mixed-Use Investment Opportunity

      Four-unit commercial building with one commercial unit and three apartments.
      318 Front St, Belvidere Twp., NJ 07823-1537
      View Details
    • $640,000

      Belvidere Twp Multi-Family Property

      Four-unit income property in Belvidere Twp with strong cash flow.
      332 Water St, Belvidere Twp., NJ 07823-1219
      View Details
    • $639,000
      6,920 SF

      Belvidere Twp. Storefront Investment Opportunity

      Six-unit commercial building in Belvidere's historic district with long-term tenants.
      Belvidere Twp., NJ 07823-1444
      View Details
    • $639,000
      6,920 SF

      Belvidere Storefront Building For Sale

      Six-unit storefront in Belvidere's historic district, fully occupied.
      2 Market St, Belvidere Twp., NJ 07823
      View Details
    • $179,900

      Belvidere Commercial Building Opportunity

      Commercial building in residential area, high visibility, parking lot.
      627 Third Street, Belvidere Twp., NJ 07823
      View Details
    • $500,000
      4,608 SF

      Belvidere Mixed-Use Investment Opportunity

      Well-maintained 4-unit building with commercial and residential spaces.
      318 Front St, Belvidere Twp., NJ 07823
      View Details
    • $450,000
      7,191 SF

      Iconic Mixed-Use Building in Belvidere

      High-visibility mixed-use building with income and development potential.
      253 Water St, Belvidere Twp., NJ 07823
      View Details
    • $749,000
      4,200 SF

      Restored Victorian Mixed-Use Property

      Mixed-use property with retail space and residential units in Belvidere.
      16 Greenwich St, Belvidere Twp., NJ 07823
      View Details

    FAQs

    What type of property is this?
    Triplex - Turnkey 3-unit property with strong cash flow in Belvidere.
    Where is this triplex located?
    The property is located at 302 Front St Belvidere, NJ.
    What is the asking price?
    The asking price for this property is $510,000.
    What are key features of this property?
    This property features: 8% cap rate; Turn‑key, fully remodeled condition, inside and out, including new roof; Three‑unit multi‑family property
    (973) 726-7800
    We can help!
    Listing Contact
    MARC WEITZ
    Real Estate License ID: 296166
    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
    302 Front St, Belvidere Twp., NJ 07823-1536
    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!