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49 Watchung Ave
Belleville, NJ 07109
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Centrally located in Belleville with convenient access to major highways and local amenities.
- Offers suburban charm while remaining close to regional business and cultural hubs.
- Surrounded by retail, dining, and recreational options for a vibrant community setting.
- Strong neighborhood presence with accessible transportation and nearby services.
Executive Summary
Exceptional opportunity to acquire a modern, income-producing multifamily asset in one of Belleville's most desirable and commuter-friendly locations. Built in 2020, this well-maintained 6-unit property offers the ideal combination of strong rental appeal, low-maintenance ownership, and long-term investment potential. The building consists of three spacious 2-bedroom/2-bath units and three well-designed 1-bedroom/1-bath units, all featuring contemporary finishes that attract and retain quality tenants. Each apartment includes stainless steel appliances, modern cabinetry, hardwood flooring throughout, and in-unit laundry for maximum tenant convenience and premium rental appeal. Designed with both functionality and tenant satisfaction in mind, the property also offers 14 parking spaces, assigned storage units, security system, lawn sprinkler system, and ADA-friendly accessibility with an easy-access move-in ramp. Residents enjoy a shared outdoor patio with fire pit, adding lifestyle value that enhances tenant retention. The property provides convenient access to public transportation and major commuting routes. Add this exceptional investment property to your portfolio today.
Property Facts
| Price Per Unit | $417,081 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.03% | Building Size | 5,044 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Low-Rise | Parking Ratio | 1.5/1,000 SF |
| Zoning | R-T - Residential | ||
| Price Per Unit | $417,081 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,044 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-T - Residential |
Amenities
Site Amenities
- Smoke Detector
Property Taxes
| Parcel Number | 22-00131-0000-00035 | Improvements Assessment | $332,414 CAD |
| Land Assessment | $250,249 CAD | Total Assessment | $582,662 CAD |
Property Taxes
Parcel Number
22-00131-0000-00035
Land Assessment
$250,249 CAD
Improvements Assessment
$332,414 CAD
Total Assessment
$582,662 CAD
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