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5-22 S Carpenter Ter
Belleville, NJ 07109
Carpenter Terrace Portfolio · Multifamily Property For Sale · 28 Units

INVESTMENT HIGHLIGHTS

  • The Carpenter Terrace Portfolio, at 5-22 S Carpenter Terrace, presents 28 total units among seven two-story buildings.
  • Seven units have basements, presenting further value-add for a new investor to tap into.
  • The apartments are about 15 miles west of Manhattan and located close to the New Jersey Transit light rail station at Silver Lake.
  • The units average a majority occupied status with a consistent 93% occupancy, showcasing the renter demand of the area.

PROPERTY FACTS

No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.13 AC
Building Size 30,000 SF
Average Occupancy 93%
No. Stories 2
Year Built 1942
Parking Ratio 0.6/1,000 SF
Zoning C

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Storage Space
  • Maintenance on site
  • Listing ID: 34346572

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 5-22 S Carpenter Ter, Belleville, NJ 07109

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