Brand New Two-Family
8 Cleveland Street Unit 2 Belleville, NJ 07109
8 Cleveland Street Unit 2, Belleville, NJ, 07109
$1,100,000
For Sale
$1,100,000
New construction two-family home with two-car garage, open-concept living, and washer/dryer hookups on each floor.
Property Size3,376 SF
Price / SF$325.83
Days on Market278
Property Features for 8 Cleveland Street Unit 2
General Information
- Standard status
- Active
- Size
- 3,376 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 2025
Listing agency
DIAS & ASSOCIATES REALTY
(973) 751-1552
Listed by
ESTHER GUERRA · License #265932
(973) 751-1552
Source
Compass
Added: Oct 19, 2025 Updated: Jul 22 at 9:20PM Checked: Jul 22 at 9:20PM
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 DIAS & ASSOCIATES REALTY
Investment Insights
Based on property information with market context.
New construction two-family residence offering generous, open-concept living and dining on each floor. Each unit includes three bedrooms and two bathrooms, with a master full bath and walk-in closets. Kitchens are equipped with a stainless steel stove, microwave, and dishwasher, and feature quartz countertops. Washer/dryer hookups are provided on each floor, and the property includes a two-car garage.
The home is located near mass transportation and major commuting corridors, including Route 21 and Route 280, with convenient access to Newark Airport and Penn Station. Shopping centers and restaurants are also nearby.
The property is described as having approximately 1,688 square feet of living space per unit, making it well-suited for an owner seeking a self-contained, income-oriented layout with similar amenities in both units.
The home is located near mass transportation and major commuting corridors, including Route 21 and Route 280, with convenient access to Newark Airport and Penn Station. Shopping centers and restaurants are also nearby.
The property is described as having approximately 1,688 square feet of living space per unit, making it well-suited for an owner seeking a self-contained, income-oriented layout with similar amenities in both units.
Key Highlights
- Brand new construction 2‑family home (2025) with 3 beds and 2 baths on each floor
- Approx. 1,688 sq. ft. living space on each unit
- Open‑concept living/dining with kitchen including SS stove, microwave, and dishwasher
Local 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 | $86.3k | $25.56 |
| − Vacancy | −$5.6k | −$1.65 |
| EGI | $80.7k | $23.91 |
| − OpEx | −$24.2k | −$7.17 |
| NOI | $56.5k | $16.74 |
3,376 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$807.2K
$706.3K – $941.7K
NOI $56,501 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$741.7K
$649.0K – $865.3K
NOI $51,916 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$881.5K
$771.4K – $1.03M
NOI $61,708 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction two-family home with two-car garage, open-concept living, and washer/dryer hookups on each floor.
Where is this duplex located?
The property is located at 8 Cleveland Street Unit 2 Belleville, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Brand new construction 2‑family home (2025) with 3 beds and 2 baths on each floor; Approx. 1,688 sq. ft. living space on each unit; Open‑concept living/dining with kitchen including SS stove, microwave, and dishwasher
