284 Summer St Passaic, NJ $ 1,599,000
284 Summer St
$ 1,599,000
Recently Listed
Open House 12/6 11am - 2pm
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284 Summer St

Passaic, NJ, 07055
$ 1,599,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 9,976

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Multi-Family Home for sale in Passaic, NJ

for $1,599,000 with 7 bedrooms and 3 full baths. This home was built in 1930 on a lot size of 0.21.

2-family investment opportunity in Passaic, NJ, perfect for investors or first-time buyers seeking strong rental income. This extraordinary oversized property features a beautifully maintained two-family home that blends modern design with everyday comfort, ideal for buyers looking for built-in rental assistance to help offset mortgage costs. The entire home, including the attic and basement, has been newly renovated, offering fresh, move-in-ready spaces throughout. Unit 1 offers 2 bedrooms, 1 full bathroom, a formal living room, dining room, a beautifully updated kitchen, and a sturdy spiral staircase leading to a full finished basement for added functional space. Unit 2 includes 3 bedrooms, 1 full bathroom, and a spacious living room, while the finished attic provides 2 additional rooms and 3 large closets for valuable bonus space. The huge lot includes 6 outdoor parking spaces and a remarkable 7-car garage that can fit up to 12 vehicles, ideal for car collectors, contractors, or additional rental income. The property is exceptionally clean and well-kept, featuring generous outdoor space, a brand-new patio, and a new roof. Current rent is below market value, offering immediate upside for investors. Located in a prime area of Passaic, it is close to public transportation, parks, schools, shopping, places of worship, and offers easy access to major highways and NYC transportation. DON'T MISS THIS RARE GEM!!

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Open House

12/6/2025 11:00 AM - 2:00 PM
284 Summer St Passaic, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 1,599,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 12,661

Style

2-Two Story

Lot Size

0.21

Year Built

1930

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

3999758

Features
Interior
Interior Amenities Bar-Dry Carbon Monoxide Detector Chandelier High Ceilings Marble Floors Walk-In Closet
Basement Finished Full
Unit 1 Baths Total 2.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 7
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General
Sewer Public Sewer
Heating 2 Units Baseboard - Hotwater
Cooling 1 Unit Central Air Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Garage Spaces 7
Architectural Style 2-Two Story
Year Built 1930
Garage Oversize Garage
Township Passaic City
Tax Year 2024
Gross Income 112800
County Passaic
Net Operating Income 93900
Operating Expense 18900
Total Rooms 12
Full Baths 3
Status Active
Directions Paulison Ave to Summer Street
Open Parking Spaces 6
Number Of Units Total 2
Tax Annual Amount 12661
Drive Concrete Strip
Standard Status Active
Tax Assessed Value 307100
Town # 2507
Tax Lot 20
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Exterior
Exterior Amenities Deck Gazebo MetalFnc FencPriv
Lot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 50X187
Lot Size Acres 0.21
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* Excluded Features
List By
Ishali Narula

Listing Agent

Weichert Realtors

Broker

Clifton

Office

Affordability Calculator

$11,031
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,976
Monthly Property Taxes
$1,055
Monthly 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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/1/2025$1,599,000 Listed Price

Map


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284 Summer St, Passaic, NJ, 07055 is a Multi-Family Home for sale at $1,599,000 with a lot size of 0.21. 284 Summer St has 7 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 07055 which is in Passaic, NJ