450 Washington Ave 14 Unit Apartment Building $7,000,000 ($500,000/Unit) 7.02% Cap Rate Belleville, NJ 07109

This newly constructed mixed-use development offers an exceptional opportunity to acquire a nearly completed, income-producing asset positioned for immediate stabilization. The project consists of: 14 newly constructed residential apartments 2 street-level commercial spaces Modern construction designed for minimal maintenance Contemporary unit layouts with high-quality finishes Excellent visibility and accessibility. Strong projected rental income across both residential and commercial components.
Construction is approximately 30–60 days from completion, allowing an investor to capitalize on the final phase of development while avoiding the risks associated with entitlement, approvals, and ground up construction. With only the final capital infusion required to complete construction and begin lease-up, the project is positioned to transition quickly into a stabilized, cash-flowing investment. The combination of residential and commercial income streams provides diversification while maximizing long-term value creation. This offering presents an attractive opportunity for investors, family offices, 1031 exchange buyers, and private equity groups seeking a newly built asset with significant upside and immediate value-add through stabilization.