Two-Unit Duplex with
New
For Sale
$675,000
66 Jannarone St, Belleville, NJ 07109
Multi-Family, Under/Over, Belleville Twp., NJ
Property Size1,734 SF
Price / SF$389.27
Days on Market4
Property Features for 66 Jannarone St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Basement, Bathroom 2
Parking
2
Interior features
Carbon Monoxide Detector, Carpeting, Smoke Detector, Wood Floors
Exterior features
Curbs, Sidewalk, Storage Shed
Elementary school
NUMBER 5
Middle school
BELLEVILLE
High school
BELLEVILLE
Directions
Use GPS: 66 Jannarone St, Belleville, NJ 07109
Standard status
Active
Size
1,734 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13647
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Water source
Public
Amenities
backyard storage shed
Building Details
Year built
1954
Number of units
2
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
DAUNNO REALTY SERVICES LLC
Listed By:
GARY WEBB JR
(732) 396-3995
Added: Oct 10
Last Checked: Oct 13 at 3:06AM
MLS# 4058159
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 1,734-square-foot duplex contains two vacant apartments, each with two bedrooms, a living room, an eat-in kitchen, and hardwood floors. The first-floor residence has an additional room. A full, unfinished basement provides storage, and the property also includes a backyard shed. Built in 1954, the home has newer windows and public water and sewer service.
The two units share a driveway with off-street parking. Shopping, restaurants, parks, and major roadways are noted in the surrounding area.
The two units share a driveway with off-street parking. Shopping, restaurants, parks, and major roadways are noted in the surrounding area.
Key Highlights
- Two vacant apartments, each with two bedrooms, a living room, and an eat‑in kitchen
- 1,734 square feet; built in 1954
- Additional room in the first‑floor apartment
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
923
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each vacant apartment has two bedrooms and an eat-in kitchen; the first-floor unit also includes an extra 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 two bedrooms, a living room, and an eat‑in kitchen; 1,734 square feet; built in 1954; Additional room in the first‑floor apartment
