Duplex with Solar Panels and
For Sale
$880,000
47 Cleveland St, Belleville, NJ 07109
MULTI_FAMILY - Belleville Twp., NJ
Property Size2,500 SF
Price / SF$352
Days on Market44
Property Features for 47 Cleveland St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1, Basement
Parking
2
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Exterior features
Patio, FencPriv, FencVnyl
Fencing
Fenced
Lot features
Level Lot
Elementary school
NUMBER 5
Middle school
BELLEVILLE
High school
BELLEVILLE
Directions
Washington Ave to Cleveland Ave (one way).
Standard status
Active
Size
2,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18315
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
private patio
side yard
solar panels
Building Details
Year built
1995
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
C-21 GEMINI, LLC. · Century 21 Real Estate
(973) 744-2700
Listed By:
EVANGELINA ESPIRITU
(973) 890-0500
Added: Jun 22
Changed: Aug 1
Last Checked: Aug 4 at 10:06AM
MLS# 4036036
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 legal two-family duplex offers spacious living with 3 bedrooms in each unit, plus an additional ground-floor area that includes two rooms and a full bathroom. The home also features a private patio and a fenced side yard, and it is equipped with forced air heating and central air conditioning for the 1st and 2nd floors. Interior safety items include carbon monoxide and smoke detectors, along with a fire extinguisher.
Key building systems include a roof that is about 10 years old and central air conditioning and furnace systems that are about 4 years old for both levels. The property includes solar panels that are transferrable and fully paid, with a 25-year warranty under Comcast.
For tenancy context, current rentals are described as under market rent. The 1st-floor tenants’ lease expires Aug 31, 2026, while the 2nd-floor tenants are month-to-month.
Key building systems include a roof that is about 10 years old and central air conditioning and furnace systems that are about 4 years old for both levels. The property includes solar panels that are transferrable and fully paid, with a 25-year warranty under Comcast.
For tenancy context, current rentals are described as under market rent. The 1st-floor tenants’ lease expires Aug 31, 2026, while the 2nd-floor tenants are month-to-month.
Key Highlights
- Legal two‑family duplex with 3 bedrooms in each unit
- Additional ground‑floor area with two rooms and a full bath
- Transferrable solar panels that are fully paid with a 25‑year warranty under Comcast
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 | $63.9k | $25.56 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.8k | $23.91 |
| − OpEx | −$17.9k | −$7.17 |
| NOI | $41.8k | $16.74 |
2,500 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.7K
$523.0K – $697.3K
NOI $41,840 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$549.2K
$480.6K – $640.8K
NOI $38,445 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,481
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family duplex with private patio, fenced side yard, and transferrable solar panels supporting both floors.
Where is this duplex located?
The property is located at 47 Cleveland St Belleville, NJ.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Legal two‑family duplex with 3 bedrooms in each unit; Additional ground‑floor area with two rooms and a full bath; Transferrable solar panels that are fully paid with a 25‑year warranty under Comcast
