247 Hope Ave AKA 251 Passaic, NJ $ 849,999
247 Hope Ave AKA 251
$ 849,999
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247 Hope Ave AKA 251

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. This home was built in 2025 on a lot size of 0.22.

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

Under/Over

Lot Size

0.22

Year Built

2025

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

4009662

Features
General
Sewer Public Sewer
Heating 2 Units Forced Hot Air
Cooling 2 Units Central Air
Utilities Electric Gas-Natural
Possession Flexible
Roof See Remarks
Water Heater Gas
Garage Spaces 0
Architectural Style See Remarks Under/Over
Year Built 2025
Township Passaic City
Tax Year 2024
Gross Income 0
County Passaic
Net Operating Income 0
Operating Expense 0
Total Rooms 19
Full Baths 4
Status Active
Directions Center or Harrison to Hope
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 15011
Drive See Remarks
Standard Status Active
Tax Assessed Value 364100
Town # 2507
Tax Lot 27
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Interior
Basement Finished
Unit 1 Baths Total 2.0
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 5
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 8
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Exterior
Water Source Public Water
Exterior Description See Remarks
Lot Dimensions 75X125
Lot Size Acres 0.22
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* Excluded Features
List By
PINA NAZARIO

Listing Agent

Coldwell Banker Realty

Broker

Pina@PickPina.com

Email

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
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2026$849,999 Listed Price

Map


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247 Hope Ave AKA 251, Passaic, NJ, 07055 is a Multi-Family Home for sale at $849,999 with a lot size of 0.22. 247 Hope Ave AKA 251 has 8 bedrooms, 4.0 baths, and was built in 2025. The property's zip code is 07055 which is in Passaic, NJ