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Belleville Multi-Family Investment Opportunity
For Sale
$675,000
Pending

50 Chestnut Street, Belleville, NJ 07109

Well-maintained multi-family property with updated kitchens and bathrooms.

Property SizeContact for details
Days on Market84

Property Features for 50 Chestnut Street

General Information

Standard status Pending
Property subtype 2-4 Family

Taxes and HOA fees

Annual Taxes $15,680

Amenities

4
2
2.0
9
Fully Finished, Multi-purpose Room, Laundry, Utilities, Storage, Walk out
Vinyl Siding

Building Details

Year Built 1900
Listing Agency: Compass New Jersey, LLC-Montclair
Listed By: Kevin Kinney · License #9697656
Source: Compass
Added: May 20 Changed: Aug 8 Last Checked: Jul 24 at 12:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass New Jersey, LLC-Montclair

Investment Insights

Based on property information with market context.

Located in a tranquil residential neighborhood in Belleville, NJ, this multi-family property at 50 Chestnut St features a total of 9 rooms, including 4 bedrooms and 2 updated bathrooms. The kitchens have been renovated with modern finishes and appliances. The property features a mix of durable laminate and tile flooring. Recent updates include the roof, furnace, and hot water heaters. Each unit has its own washer and dryer hookups. Both units offer two levels of living space. This property offers versatility and value as either a primary residence with rental income potential or an investment property.

Key Highlights

  • Multi‑family property ideal for owner‑occupancy with rental income potential or investment.
  • Recently renovated kitchens and bathrooms with modern finishes and appliances.**
  • Recent updates to roof, furnace, and hot water heaters.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hotel & Motel Nursing Home (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

799
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained multi-family property with updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 50 Chestnut Street Belleville, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Multi‑family property ideal for owner‑occupancy with rental income potential or investment.; Recently renovated kitchens and bathrooms with modern finishes and appliances.**; Recent updates to roof, furnace, and hot water heaters.
More about this property
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