284 Summer Street
Passaic, NJ, 07055 $ 1,599,000
Bedrooms7 Baths3.0 Monthly Estimate*
$ 9,976
for $1,599,000 with 7 bedrooms and 3 full baths.
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!!
See more
FeaturesGeneralUtilities Electricity Connected Natural Gas Connected Sep Heat
Garage Spaces 7.0
Architectural Style 2 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
Total Rooms 12
Full Baths 3
Status Active - Active
City Passaic
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 12661.0
Lease Considered Y/N N
Standard Status Active
See more
InteriorHeating Y/N N
Half Baths 0
Laundry Features In Basement
Total Bedrooms 7
Total Baths 3
See more
* Excluded FeaturesAffordability 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.
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/2/2025 | $1,599,000 | | Listed Price |