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431 Washington Ave - Mixed Use 3,766 SF Health Care Building Offered at $1,100,000 at a 8% Cap Rate in Belleville, NJ 07109
Executive Summary
Located in the heart of Belleville, 431 Washington Ave offers a well-maintained mixed-use opportunity combining residential and commercial potential in a convenient location near shopping, dining, major highways, and public transportation. Completely renovated in 2011, this property features updated systems and modern improvements designed for functionality and long-term value. The commercial space offers flexible use options with strong visibility along Washington Avenue, making it suitable for a variety of permitted business uses. The residential portion provides comfortable living space with updated finishes, spacious rooms, and abundant natural light. Improvements completed during the renovation include updated flooring, fixtures, mechanical systems, and interior finishes. Additional features may include separate utilities, ample storage, and off-street parking, adding convenience for occupants and tenants alike. Situated near parks, schools, houses of worship, and commuter routes with access to Newark and New York City, this property presents an excellent opportunity for owner-users, investors, or business owners seeking a versatile mixed-use building in a desirable location.
Property Facts
| Price | $1,100,000 | Building Size | 3,766 SF |
| Price Per Bed | $275,000 | No. Beds | 4 |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Cap Rate | 8% | Year Built/Renovated | 1908/2011 |
| Property Type | Health Care | Parking Ratio | 1.59/1,000 SF |
| Zoning | Comm & Res - Comm & Res. | ||
| Price | $1,100,000 |
| Price Per Bed | $275,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8% |
| Property Type | Health Care |
| Building Size | 3,766 SF |
| No. Beds | 4 |
| No. Stories | 3 |
| Year Built/Renovated | 1908/2011 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | Comm & Res - Comm & Res. |
Amenities
- Wheelchair Accessible
- Fiber Optic Internet
Room Mix Information
| Description | No. Beds |
|---|---|
| Studio | 1 |
| Apartment | 3 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-07902-0000-00022 | Improvements Assessment | $248,000 |
| Land Assessment | $217,100 | Total Assessment | $465,100 |
Property Taxes
Parcel Number
01-07902-0000-00022
Land Assessment
$217,100
Improvements Assessment
$248,000
Total Assessment
$465,100
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431 Washington Ave - Mixed Use
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