247 Hope Ave Passaic, NJ ^$ 899,000

247 Hope Ave

^$ 899,000

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Recently Listed

247 Hope Ave

Passaic, NJ, 07055

^$ 899,000

Bedrooms8 Baths4.0

Monthly Estimate*

^$ 5,676

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Multi-Family Home for sale in Passaic, NJ

for $899,000 with 8 bedrooms and 4 full baths. This home was built in 2025 on a lot size of 0.22.

Discover the Possibilities and unlock the exceptional potential of this Large Two Family home on an Oversized Lot 75 x 125. The very large two-family home generates $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities to possible subdivide -(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, buyer is responsible to acquire the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. A unique chance to combine income today with potential for more profit tomorrow. Don't miss it.

Multi-Family Active

Price

^$ 899,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 15,503

Style

Under/Over

Lot Size

0.22

Year Built

2025

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

4050592

Features

General

Sewer Public Sewer

Heating 2 Units Forced Hot Air

Cooling 2 Units Central Air

Utilities Electric Gas-Natural

Possession Flexible

Roof Asphalt Shingle

Water Heater Gas

Garage Spaces 0

Architectural Style See Remarks Under/Over

Year Built 2025

Township Passaic City

Tax Year 2025

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 15503

Home Warranty Y/N No

Drive On-Street Parking

Standard Status Active

Tax Assessed Value 364100

Town # 2507

Tax Lot 27

Interior

Basement Finished Walkout

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

Exterior

Water Source Public Water

Exterior Description See Remarks

Lot Dimensions 75X125

Lot Size Acres 0.22

* Excluded Features

List By

PINA NAZARIO

Listing Agent

Coldwell Banker Realty

Broker

Pina@PickPina.com

Affordability Calculator

$6,968

Per Month

Monthly Principal & Interest: $5,676
Monthly Property Taxes: $1,292
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Passaic, NJ

Average List Price ^$716,226

Percent of Sale Price 20%

About Passaic, NJ

71,014 Population

5% Since 2002

^$37,341 Median Income

32.53 Median Age

44% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/4/2026	$899,000		Listed Price

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247 Hope Ave, Passaic, NJ, 07055 is a Multi-Family Home for sale at $899,000 with a lot size of 0.22. 247 Hope Ave has 8 bedrooms, 4.0 baths, and was built in 2025. The property's zip code is 07055 which is in Passaic, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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247 Hope Ave

Multi-Family Home for sale in Passaic, NJ

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