Three-Bedroom Residential Income
76 Baldwin Pl # 2, Belleville, NJ 07109
For Sale
New
Contact for pricing
A unit in a two-family home features hardwood floors, central air conditioning, and shared basement storage.
Property Size1,000 SF
Price / SF$2.50
Days on Market2
Property Features for 76 Baldwin Pl # 2
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Amenities
Full
Tile,Wood
Electric,Gas-Natural
Second
3 Bedrooms,Bath Main,Dining Room,Kitchen,Living Room
Eat-In Kitchen,Liv/Dining Combo,Stall Shower
3
Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector
Basement
Storage Room
Level Lot
Public Water
45X100
0.10
Curbs,Sidewalk
Building Details
Year Built
Construction
Listing Agency:
C-21 CEDARCREST REALTY
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:09AM
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 C-21 CEDARCREST REALTY
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Investment Insights
Based on property information with market context.
This 1,000-square-foot residence is part of a two-family home built in 1956. The layout includes three bedrooms, a full bath, an eat-in kitchen, and living and dining space. Hardwood flooring, central air conditioning, and hot water baseboard heat are among the interior features. Basement storage is shared.
Schools and public transportation are within the stated distances: the nearest bus stop is approximately 0.8 miles away, the nearest train station is 2 miles away, and Belleville High School, Belleville Elementary School #7, and Belleville Middle School are 0.7 miles, 0.3 miles, and 1 mile away, respectively.
Schools and public transportation are within the stated distances: the nearest bus stop is approximately 0.8 miles away, the nearest train station is 2 miles away, and Belleville High School, Belleville Elementary School #7, and Belleville Middle School are 0.7 miles, 0.3 miles, and 1 mile away, respectively.
Key Highlights
- 1,000‑square‑foot residence in a two‑family home built in 1956
- Three bedrooms and a full bath
- Eat‑in kitchen and combined living and dining space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,378
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,560
$307.6K
Cap Rate 7%
$219,686
$219.7K
Cap Rate 9%
$170,867
$170.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.0K $30.00/SF
− Vacancy
−$2.0K −$2.04/SF
EGI
$28.0K $27.96/SF
− OpEx
−$12.6K −$12.58/SF
NOI
$15.4K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,560
Cap Rate 7%
$219,686
Cap Rate 9%
$170,867
Alternative Uses
Best Use
Apartment 5plus
$219.7K
$192.2K – $256.3K
NOI $15,378 @ 7.0% cap · market cap 615.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 731.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
530
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
$405,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Belleville, NJ
Properties on Market for Residential income properties in Belleville
Frequently Asked Questions
What type of property is this?
Residential income property - A unit in a two-family home features hardwood floors, central air conditioning, and shared basement storage.
Where is this residential income property located?
The property is located at 76 Baldwin Pl # 2 Belleville, NJ.
What are key features of this property?
This property features: 1,000‑square‑foot residence in a two‑family home built in 1956; Three bedrooms and a full bath; Eat‑in kitchen and combined living and dining space
