Estimated payment $3,023/month
Investor Special '' Dual Approved Project with Major Upside in BellevilleWelcome to 305 Union Ave, where your next profitable project is already in motion. The property is currently under renovation as a modern single-family home with 3 bedrooms, each with walk-in closets, 3 full bathrooms, a large finished attic, and a high-ceiling basement. Major work is underway with approved construction permits. The home was demoed down to the foundation with three standing walls to preserve its renovation classification. This property also includes approved site plans for a new mixed-use building with:Two large one-bedroom apartments approximately 1240 and 1066 square feetOne two-bedroom apartment approximately 1115 square feetTwo retail storefronts approximately 478 and 402 square feet, which can be combinedIndoor garage with space for 5 cars including EV chargingShared office and lounge space approximately 813 square feetThe lot wraps around the corner with access from both Union Ave and Joralemon St and sits in a mixed-use zone close to shopping, transit, and development. Whether you move forward with the single-family renovation or build the approved mixed-use concept, this property offers multiple profitable exit strategies.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,045 | $282,200 | $136,800 | $145,400 |
| 2024 | $11,045 | $282,200 | $136,800 | $145,400 |
| 2022 | $10,868 | $282,200 | $136,800 | $145,400 |
| 2021 | $10,709 | $282,200 | $136,800 | $145,400 |
| 2020 | $10,563 | $282,200 | $136,800 | $145,400 |
| 2019 | $9,993 | $282,200 | $136,800 | $145,400 |
| 2018 | $9,925 | $247,500 | $157,000 | $90,500 |
| 2017 | $9,596 | $247,500 | $157,000 | $90,500 |
| 2016 | $9,489 | $247,500 | $157,000 | $90,500 |
| 2015 | $9,167 | $247,500 | $157,000 | $90,500 |
| 2014 | $8,922 | $247,500 | $157,000 | $90,500 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $350,000 | -7.9% | -- |
| 06/24/2025 06/24/25 | For Sale | $380,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $237,500 | -- | |
| Deed | $135,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $351,875 | Construction |
$350,000
Investor Special Dual Approved Project with Major Upside in Belleville. *This is a construction project*. House has been knocked down to the foundation. The buyer will be purchasing as is and will continue the construction. Buyer has 2 options. #1 Build a mixed-use building. This property has board approval for a new mixed-use building with: Two large one-bedroom apartments approximately 1240 and
JOSE A FERNANDEZ RE/MAX HOMELAND REALTORS
$375,000
Cozy 3 bedroom cape on a deep corner lot in a beautiful section of town. House needs some work and is being sold strictly as-is (no repairs or credits). The kitchen does not have a stove. Buyer will be responsible to obtain TCO for closing.
JEANNE LOMBARDI LOMBARDI REALTY
$449,000
Leta€TMs welcome this charming colonial home located in the heart of Belleville to the market. This home is the perfect place to begin your next chapter. You are greeted by the very warm and inviting porch to spend your mornings enjoying a cup of coffee, or wine in the evenings with loved ones. Some of the perks of this home are new hardwood floors throughout, a tastefully updated bathroom that
BRAULIO CESPEDES Real
$425,000
This spacious 4-bedroom, 3-bath Colonial offers incredible potential and is conveniently located near schools, shopping, and public transportation. The layout includes three bedrooms and a full bath on the second floor, with a generously sized fourth bedroom on the third level. A finished basement with a full bath adds valuable living space, ideal for a rec room or home office. The kitchen opens
Andrea Alummootil Keller Williams City Views Realty
$389,000
Discover this adorable Two bedroom, One bathroom home in Belleville! This ranch-style gem is perfect as a starter home or for those seeking convenient one-floor living. Enjoy a lovely front porch, a nice yard with a patio, and a rare 3-car detached garage " ideal for storage or a workshop! Inside, find an updated bathroom, newer luxury vinyl flooring in the Living Room, Dining Room and Bedrooms
SUZANNE CURLEY PROMINENT PROPERTIES SIR
$449,500
Charming 3-bedroom colonial home on a quiet dead-end street near an elementary school. This 1920s gem boasts original details, new bamboo flooring, crown moldings, and 9ft ceilings. The open floor plan welcomes you into a bright and sunny living room. The kitchen offers ample cabinetry and a pantry, while the dining room leads to a spacious deck and yard. Upstairs, a large master bedroom with
Federico Sanchez Weichert Realtors, Clifton
$390,000
Move-in ready 3-bedroom, 1 bath Colonial located in a quiet, established neighborhood. This well-maintained home features a spacious living room, formal dining area, and eat-in kitchen. Upstairs offers three generously sized bedrooms and a full bath. Convenient to schools, parks, shopping, and major highways. A perfect blend of comfort and style?don?t miss it!
Nivia D'Errico CHRISTIE'S INT. REAL ESTATE GROUP
$439,000
Bright & Sunny Belleville Cape. Enjoy cooking in the large eat in kitchen, step through sliders on to the deck, over look the lush green backyard both wonderful for entertaining & summer activities. Interior offers hardwood floors, updated bathroom, 2 bedrooms 1st floor, primary bedroom 2nd floor with additional room currently being used as an office could be a nursery.
Elizabeth Green Weichert Realtors, Montclair
$454,999
Come and see this beautifully fully renovated ranch in Silver Lake. Features High Ceilings, New Roof, Kitchen, Baths, Furnace, Multi Zone Central Air, Recessed LED lighting, Fenced In Yard, Huge Multi Room Finished Walk Out Basement and more! This wonderful home is turn key and ready to move in. Nothing Is needed. Short walking distance to #4 school, house of warship and restaurants. This Home
JAMES PALMA RAYMOND RHODES REAL ESTATE
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22518968
APN: 01-06203-0000-00016
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