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SOLD 25 2020

511 Franklin Avenue U-c3

Belleville, NJ

$230,000

9,761

Sq. Ft.

$24

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$230,000

Total Assessed

$121,400

Sale vs. Assessed

+$108,600 (+89.5%)

Land Value

$50,000

Building Value

$71,400

Belleville Market Overview

$525,000

Median Price

Total Sales

+6.6%

Year over Year

Seller's

Market Type

📊 Investment Analysis

$1,610

Est. Monthly Rent

$1,744

Est. Mortgage

7.4% · 20% down

-$134

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 Belleville Neighborhood Guide

Walk Score

Somewhat Walkable

Min to NYC

With transfer

Silver Lake Light Rail

Train Station

Newark Light Rail to Newark Penn

Neighborhoods in Belleville

Branch Brook Park / West Belleville $425,000 to $575,000

Best for: Nature lovers, families, cherry blossom season

Silver Lake $450,000 to $600,000

Best for: Light Rail commuters, families seeking quiet, premium Belleville

Washington Avenue Corridor $375,000 to $500,000

Best for: Urban dwellers, food enthusiasts, cultural diversity seekers

Upper Belleville / Nutley Border $400,000 to $525,000

Best for: Families, Italian heritage, historic sites

Belleville Center $350,000 to $475,000

Best for: First-time buyers, investors, most affordable entry

Belleville is 3.36 square miles where Frankie Valli and The Four Seasons formed — the band that became Jersey Boys. Gerard Way, Mikey Way, and Frank Iero of My Chemical Romance all grew up here. Joe Pesci grew up here. Fred Schneider of the B-52's is from here. In 1994, Congress passed a resolution ...

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