Duplex with Two Vacant
For Sale
$675,000
66 Jannarone St, Belleville, NJ 07109
Both apartments offer two bedrooms, and the first-floor residence includes an additional room.
Property Size1,734 SF
Price / SF$389.27
Days on Market18
Property Features for 66 Jannarone St
General Information
Standard status
Active
Size
1,734 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Amenities
Carbon Monoxide Detector
Carpeting
Smoke Detector
Wood Floors
Curbs
Sidewalk
Storage Shed
Building Details
Building Size
1,734 SF
Year Built
1954
Buildings
1
Units
2
Listing Agency:
Daunno Realty Services LLC
(732) 396-3995
Listed By:
Gary Webb Jr
(732) 381-1190
Source:
Culturaunitedrealty
Added: Oct 10
Changed: Oct 25
Last Checked: Oct 26 at 3:43AM
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 Daunno Realty Services LLC
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Investment Insights
Based on property information with market context.
Built in 1954, this 1,734-square-foot duplex contains two vacant apartments. Each has two bedrooms, a living room, an eat-in kitchen, and hardwood floors. The first-floor apartment also has an extra room. Newer windows are installed, and the property includes a full unfinished basement, a backyard storage shed, and a shared driveway with off-street parking.
Shopping, restaurants, parks, and major roadways are nearby.
Shopping, restaurants, parks, and major roadways are nearby.
Key Highlights
- Two vacant apartments, each with 2 bedrooms, a living room, and an eat‑in kitchen
- 1,734 square feet; built in 1954
- First‑floor apartment includes an additional room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,021
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,420
$580.4K
Cap Rate 7%
$414,586
$414.6K
Cap Rate 9%
$322,456
$322.5K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$44.3K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.5K $23.91/SF
− OpEx
−$12.4K −$7.17/SF
NOI
$29.0K $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%
$580,420
Cap Rate 7%
$414,586
Cap Rate 9%
$322,456
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.8K – $483.7K
NOI $29,021 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$380.9K
$333.3K – $444.4K
NOI $26,665 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$452.8K
$396.2K – $528.3K
NOI $31,695 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer two bedrooms, and the first-floor residence includes an additional room.
Where is this duplex located?
The property is located at 66 Jannarone St 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: Two vacant apartments, each with 2 bedrooms, a living room, and an eat‑in kitchen; 1,734 square feet; built in 1954; First‑floor apartment includes an additional room
