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$2,000,000 -$100,000 (-4.76%) Price Reduced

  • For Sale
  • Active
  • Apartment
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This is an outstanding investment opportunity in the heart of Belleville! 220 Passaic Avenue is a 6-Unit Multifamily Property, located on a high-visibility corner lot and in a high-demand rental market. This 5,700 SqFt building sits on corner lot and features a desirable mix unit of two 2-bedroom units and four 1-bedroom units. The property was comprehensively renovated approximately two years ago, with updated interiors, modern finishes, and security system. Each unit includes in-unit laundry and private storage, offering comfort and convenience for tenants. Additional upgrades include security system covering hallways and exterior areas. Tenants benefit from 9 assigned parking spaces and access to a fully finished basement that adds functional space and long-term potential. The property is 100% occupied, delivering reliable income, strong tenant retention, and low vacancy rate. Located near Route 21, the Garden State Parkway, and NJ Transit. Just minutes from Newark, Bloomfield, and major employment centers this asset is also within walking distance of shopping, schools, and a public park. This is a rare chance to acquire a fully stabilized, recently upgraded multifamily asset in a sought-after Essex County submarket.

Full Property Details for 220 Passaic Ave

General

  • Price: $2,000,000
  • Taxes: $20,169 (2024)
  • Status: Active
  • Type: Apartment
  • Source: Garden_State
  • MLS ID: 3970108
  • Updated: 2/16/2026
  • Added to Site: 244 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease Terms: Month-To-Month

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Restrooms: 6

Additional Information

  • Equipment: Appliances, Fire Alarm, Fixtures, Smoke Detector

Parking

  • Garage Spaces: 9
  • Parking: Assigned, Off-Street Parking

Location

  • County: Essex
  • Driving Directions: Harrison Ave to Passaic Ave
  • Location Details: Residential Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Hot Air, See Remarks
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Finished, Full, Storage
  • Roof: See Remarks
  • Stories in Building: 3
  • Square Feet: 5,700
  • Aprox. Leasable: 5,700 Sq. Ft.
  • Year Built: 1928
  • Remodeled/Updated: 2023

Unit Information

  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 2
  • Units w/Full Bath: 6

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size: 52X105.47
  • Zoning: Residential

Financial Considerations

  • Operating Expenses: $32,262
  • Assessment Amount: $500,100
  • Land Assmt: $210,000
  • Tax Amount: $20,169
  • Tax Year: 2024
  • Owner Pays: Maintenance-Common Area, Maintenance-Lawn, Repairs, Sewer, Snow Removal, Trash Removal, Water
  • Tenant Pays: Cable T.V., Electric, Gas, Heat, Hot Water
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Survey Available
  • Disclosures: Yes
  • APN: 1601-05006-0000-00006-0000-
  • Block: 5006
  • Lot Number: 6

Listed by United Real Estate

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Listing agent

— 220 Passaic Ave —

  • United Real Estate

888-501-6953

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 220 Passaic Ave

School District:Belleville Town School District
NameGradesDistance
Belleville Sr High School
100 Passaic Avenue, Belleville, NJ 07109
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 220 Passaic Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/16/2026
Price Reduced
$2,000,000
-4.76%
MLS
10/01/2025
Price Reduced
$2,100,000
-8.7%
MLS
6/21/2025
Listed
$2,300,000
206.67%
MLS
5/25/2022
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 220 Passaic Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,169
5%
$500,100
—
2022
$19,259
1%
$500,100
—
2021
$18,979
-4%
$500,100
2%
2018
$19,701
11%
$491,300
-2%
2019
$17,709
-7%
$500,100
2%
2017
$19,048
1%
$491,300
—
2016
$18,836
4%
$491,300
—
2015
$18,198
3%
$491,300
—
2014
$17,711
—
$491,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by United Real Estate

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220 Passaic Ave, Belleville, NJ 07109 (MLS# 3970108) is a Apartment property. 220 Passaic Ave is currently listed for $2,000,000 and was received on June 18, 2025. Want to learn more about 220 Passaic Ave? Do you have questions about finding other Apartment real estate for sale in Belleville? You can browse all Belleville real estate or contact a Coldwell Banker agent to request more information.

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