247 Hope Avenue Passaic, NJ $ 849,999
247 Hope Avenue
$ 849,999
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247 Hope Avenue

Passaic, NJ, 07055
$ 849,999
Bedrooms8 Baths4.0

Monthly Estimate*

$ 5,234

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Multi-Family Home for sale in Passaic, NJ

for $849,999 with 8 bedrooms and 4 full baths.

Discover the Possibilities on an Oversized Lot. Unlock exceptional potential with this oversized 75 x 125 lot located in a residential neighborhood, featuring a very large two-family home generating approximately $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities - possible subdivision (see attached licensed appraisal for lot 37.5 x 100) or redevelopment - making this an ideal prospect for investors, builders, and visionaries. The existing two-family is being sold strictly as-is and any future development will require the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. Bonus: The seller is willing to offer owner financing, adding flexibility and making this a rare opportunity to bring your project vision to life. A unique chance to combine income today with potential for tomorrow don't miss it.

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Multi-Family Active

Price

$ 849,999

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 15,011

Style

2 Family

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

26004967

Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat Water Connected
Garage Spaces 0.0
Architectural Style 2 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
Total Rooms 19
Full Baths 4
Status Active - Active
City Passaic
Disclosures Transaction Broker Seller Disclosure - Yes
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 15011.0
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
Half Baths 0
Total Bedrooms 8
Total Baths 4
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* Excluded Features

Affordability Calculator

$6,485
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
$1,251
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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The time to sell is now
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Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$849,999 Listed Price

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247 Hope Avenue, Passaic, NJ, 07055 is a Multi-Family Home for sale at $849,999. 247 Hope Avenue has 8 bedrooms and 4.0 baths. The property's zip code is 07055 which is in Passaic, NJ