Mixed-Use Property in
431 Washington Ave, Belleville, NJ 07109
New
Commercial - Belleville Twp., NJ
Property size:
3,766 SFLot size:
0.19 AcresPrice / SF:
$292/SF- Added:
- May 21, 2026
- Days on Market:
- 2
- Last Refresh:
- May 22 at 3:06 pm
Property Features for 431 Washington Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Rooms
- Basement
- Parking
- 5
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 3,766 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 19334
Utilities
- Heating system
- Baseboard, Forced Air, Hot Water (Heating)
- Cooling system
- Multi Units
Building Details
- Year built
- 1908
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Laminate, Tile, Wood
- Building materials
- Concrete
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent RAYMOND THOMAS (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ (866) 201-6210
Listing date May 21, 2026
MLS# 4029320
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
- Mixed‑use property with both commercial and residential spaces.
- Completely renovated in 2011 with updated systems, flooring, fixtures, and modern finishes.
- Prime location in the heart of Belleville, near shopping, dining, major highways, and public transportation.
- Commercial space with strong visibility along Washington Avenue.
- Residential portion features comfortable living space with updated finishes, spacious rooms, and abundant natural light.
- Convenient features include separate utilities, ample storage, and off‑street parking.
Overview
Located in Belleville, 431 Washington Ave is a mixed-use property that combines residential and commercial potential. Renovated in 2011, the property features updated systems and modern improvements. The commercial space offers flexible use options with visibility along Washington Avenue, making it suitable for a variety of permitted business uses. The residential portion provides living space with updated finishes, spacious rooms, and natural light. Improvements completed during the renovation include updated flooring, fixtures, mechanical systems, and interior finishes. The property may include separate utilities, ample storage, and off-street parking. Situated near parks, schools, houses of worship, and commuter routes with access to Newark and New York City, this property is suitable for owner-users, investors, or business owners seeking a versatile mixed-use building. The property size is 3766 square feet and the lot size is 0.19 acres.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$643.5K
NOI $57,914 @ 9.00% cap · cautious / downside scenario
Moderate
$827.3K
NOI $57,914 @ 7.00% cap · market / base-case scenario
Aggressive
$1.16M
NOI $57,914 @ 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 Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.0k | $30.00 |
| − Vacancy | −$7.7k | −$2.04 |
| EGI | $105.3k | $27.96 |
| − OpEx | −$47.4k | −$12.58 |
| NOI | $57.9k | $15.38 |
3,766 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$827.3K
$723.9K – $965.2K
NOI $57,914 @ 7.0% cap · market cap 5.26%
Second Best
Retail
$767.9K
$671.9K – $895.9K
NOI $53,753 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$983.4K
$860.5K – $1.15M
NOI $68,836 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Pratap Singhal md
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- Essex
- State
- New Jersey
- Longitude
- -74.14973
- Latitude
- 40.79534
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Renovated mixed-use property with commercial and residential potential.
Where is this mixed-use property located?
The property is located at 431 Washington Ave Belleville, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use property with both commercial and residential spaces.; **Completely renovated in 2011 with updated systems, flooring, fixtures, and modern finishes.**; Prime location in the heart of Belleville, near shopping, dining, major highways, and public transportation.
