Listed by: Arleny Valiente, [email protected], Real, 855-450-0442, Listing Courtesy of NJMLS
$389,000
●
House -
Off Market
71 Prospect Place
Belleville, NJ 07109
3 Beds
1 Bath
$2,707
Est. Monthly
6.10%
Cap Rate
About This Property
Welcome Home- Amazing opportunity for ownership! This true Colonial
home features a lemonade front porch, with first-floor formal
living and dining rooms. Spacious updated kitchen with stainless
steel appliances, granite countertops, custom backsplash, and
access to inviting back porch. There are 3 bedrooms and 1 bath on
the second floor including attic storage. There is a long driveway
that can fit multiple cars. The unfinished basement is perfect for
storage and doubles as a laundry room. It is located on a tranquil
residential street. Great location. Minutes to great restaurants,
shopping, major highways, New York City, and New Jersey Transit.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$797
HOA Dues
-
Year Built
1927
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NJMLS #24036377)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | Listed by Real | $389,000 | |
| Listed by Real | |||
| Jan 29, 2024 | Sold | ||
| Sold | |||
| Jan 29, 2024 | Listed by Coldwell Banker, Wayne | $348,000 | |
| Listed by Coldwell Banker, Wayne | |||
| | |||
|
Welcome Home- Amazing opportunity for ownership! This true Colonial home features a lemonade front porch, with first floor formal living and dining rooms. Spacious updated kitchen with stainless steel appliances, granite countertops, custom backsplash and access to inviting back porch. There are 3 bedrooms and 1 bath on the second floor including attic storage. The full unfinished basement is perfect for your storage and doubles as a laundry room. 2 Car shared driveway. Located on a very quiet residential street. Great location. Minutes to great restaurants, shopping, major highways, New York City and New Jersey Transit.
| |||
| Nov 10, 2023 | In contract | - | |
| In contract | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
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Listed On
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Sold On
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HOA + Taxes
About Essex
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Listed by: Arleny Valiente
Real
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24036377
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Real
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24036377
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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