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    Property profile & analytics

    23 Mt Prospect Ave Belleville, NJ 07109-2003

    • Residential income homes
    • 3,984 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Location Intelligence
    Property ID
    US59-1322270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 23 Mt Prospect Ave

    Year built
    1907
    Construction
    BRICK
    Lot size
    0.17 lot acres
    Property size
    3,984 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    01 05901-0000-00037
    APU
    105901000000037

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $460,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $480,000
      Mixed-Use
      $420,000
      Hospitality
      $450,000
      Educational
      $420,000
      Residential Income
      $470,000
      Energy
      $360,000
      Income-Based Land
      $405,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1608
    Latitude
    40.789
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,984
    $175,000
    $292,000
    $467,000
    -
    $175,000
    $292,000
    $467,000

    Comparable in this City

    • Value Estimation by Request
      37,803 SF

      456-458 Washington Ave, Unit 458

      APARTMENT HOUSE (UNDER 5 UNITS) • 37,803 SF
      456-458 Washington Ave, Belleville, NJ 07109-2676
      View Details
    • Value Estimation
      $14,945,000
      11,054 SF

      13 Brighton Ave, Unit 53

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,054 SF
      13 Brighton Ave, Belleville, NJ 07109-1225
      View Details
    • Value Estimation by Request
      7,112 SF

      486 Joralemon St, Unit 500

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,112 SF
      486 Joralemon St, Belleville, NJ 07109-1850
      View Details
    • Value Estimation
      $11,105,000
      23,244 SF

      550 Washington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 23,244 SF
      550 Washington Ave, Belleville, NJ 07109-3347
      View Details
    • Value Estimation
      $675,000
      7,224 SF

      282 Belleville Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,224 SF
      282 Belleville Ave, Belleville, NJ 07109-1606
      View Details
    • Value Estimation
      $340,000
      2,853 SF

      54 Belmont Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,853 SF
      54 Belmont Ave, Belleville, NJ 07109-4073
      View Details

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    23 Mt Prospect Ave
    Belleville, NJ 07109-2003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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