Recently Listed Open House 12/6 11am - 2pm
284 Summer St
Passaic, NJ, 07055 $ 1,599,000
Bedrooms7 Baths3.0 Monthly Estimate*
$ 9,976
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
FeaturesInteriorInterior 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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GeneralSewer 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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ExteriorExterior 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 FeaturesList ByIshali NarulaListing Agent
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Passaic, NJ
Average List Price $648,692
Percent of Sale Price 59%
About Passaic, NJ 71,014 Population
5% Since 2002
$ 37,341 Median Income
32.53 Median Age
44% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/1/2025 | $1,599,000 | | Listed Price |