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247 Hope Avenue Passaic, NJ $ 899,000
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$ 899,000 Get more info
247 Hope Avenue
$ 899,000
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247 Hope Avenue

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.

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.

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Multi-Family Active

Price

$ 899,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 15,503

Style

2 Family

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

26033223
Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat
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 Seller's Agent
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 15503.0
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

$6,968
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,676
Monthly Property Taxes
$1,292
Monthly 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
843640 Elementary School
843641 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/4/2026$899,000 Listed Price

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247 Hope Avenue, Passaic, NJ, 07055 is a Multi-Family Home for sale at $899,000. 247 Hope Avenue has 8 bedrooms and 4.0 baths. The property's zip code is 07055 which is in Passaic, NJ

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