348 Montgomery St Passaic, NJ ^$ 1,250,000

348 Montgomery St

^$ 1,250,000

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348 Montgomery St

Passaic, NJ, 07055

^$ 1,250,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 7,798

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Commercial Property for sale in Passaic, NJ

for $1,250,000. This building was built in 1925 on a lot size of 0.08.

Wow, an opportunity for income to be generated. 5-1 bedroom units and 2-2 bedroom units plus a five car garage, converted to a three car garage. 7 water heaters, one boiler for the building.

Commercial Pending

Price

^$ 1,250,000

Property Type

Commercial

Taxes

^$ 17,230

Style

Apartment Complex

Lot Size

0.08

Year Built

1925

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

3989797

Features

General

Sewer Public Sewer

Construction Brick/Block

Heating 1 Unit

Cooling No Cool

Utilities Electric Gas-Natural

Possession Closing

Roof Built-Up

Zoning Residential

Garage Spaces 5

Year Built 1925

Tenant Pays Electric Hot Water

Township Passaic City

Property Type Apartment Complex Apartment Complex

Tax Year 2024

Ownership Fee Simple

Location Residential Area

Gross Income 94600

County Passaic

Operating Expense 27230

Status Under Contract

Directions Paulison to Montgomery

Number Of Units Total 7

Tax Annual Amount 17230

Drive 2 Car Width

Leasable Area 0

Standard Status Under Contract

Tax Assessed Value 417900

Town # 2507

Tax Lot 16

Farm Assessment No

Interior

Basement Finished-Partially

Flooring Carpeting Laminate Tile

Fuel Type Gas-Natural

Total Stories 3

Half Baths 0

Exterior

Lot Features Corner

Water Source Public Water

Exterior Description Brick/Block

Building Area Total 0

Lot Dimensions 36 X 95

Lot Size Acres 0.08

* Excluded Features

List By

RAYMOND DAMIANO

Listing Agent

Premier Properties Damiano Group

Broker

Raydamiano@aol.com

Affordability Calculator

$9,234

Per Month

Monthly Principal & Interest: $7,798
Monthly Property Taxes: $1,436
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Passaic, NJ

Average List Price ^$1,008,892

Percent of Sale Price 19%

About Passaic, NJ

71,014 Population

5% Since 2002

^$37,341 Median Income

32.53 Median Age

44% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/30/2025	$1,250,000		Listed Price

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348 Montgomery St, Passaic, NJ, 07055 is a Commercial Property for sale at $1,250,000 with a lot size of 0.08. 348 Montgomery St was built in 1925. The property's zip code is 07055 which is in Passaic, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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348 Montgomery St

Commercial Property for sale in Passaic, NJ

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