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87 Passaic St Passaic, NJ $ 1,099,000
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$ 1,099,000 Get more info
87 Passaic St
$ 1,099,000
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87 Passaic St

Passaic, NJ, 07055
$ 1,099,000
Bedrooms-- Baths-- Sq 3,030

Monthly Estimate*

$ 7,591

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Commercial Property for sale in Passaic, NJ

for $1,099,000 with 5 half baths. This 3,030 square foot building was built in 1940 on a lot size of 0.04.

Beautifully renovated, maintenance-free 5-unit multi-family property, perfect for investors seeking a turnkey investment. All major improvements have been completed, including new electric service (2023), new roof (2023), and new heating system (2021). The property also features a video camera security system and lead-free certification for all five apartments. The unit mix consists of one 1-bedroom apartment, three 2-bedroom apartments, and one 3-bedroom apartment. Enjoy the benefits of a well-maintained property with major capital improvements already completed, offering an excellent opportunity to expand your real estate portfolio with minimal immediate maintenance concerns.

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Commercial Active

Price

$ 1,099,000

Half Bath

5

Property Type

Commercial

Taxes

$ 16,414

Style

Apartment Complex

Lot Size

0.04

Year Built

1940

Town/City

Passaic

County/Region

Passaic

MLS | Web ID

4058911
Features
General
Sewer Public Sewer
Construction Wood
Heating 4+ Units
Cooling No Cool
Utilities Electric Gas-Natural
Possession 0-30
Roof Asphalt Shingle Rubberized
Zoning CR-HD
Garage Spaces 0
Year Built 1940
Township Passaic City
Property Type Apartment Complex Apartment Complex
Tax Year 2025
Ownership Fee Simple
Location Business District
Gross Income 103800
County Passaic
Net Operating Income 78238
Operating Expense 25517
Status Active
Directions Market st to Passaic St
Number Of Units Total 5
Tax Annual Amount 16414
Drive None On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 385500
Town # 2507
Tax Lot 6
Farm Assessment No
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Interior
Basement Bilco-Style Door
Fuel Type Gas-Natural
Total Stories 3
Half Baths 5
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Exterior
Water Source Public Water
Total Parking 0
Exterior Description Vinyl Siding
Building Area Total 3030
Lot Dimensions 25X75
Lot Size Acres 0.04
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* Excluded Features
List By
SPERO KALYOUSSEF

Listing Agent

Keller Williams Team Realty

Broker

speronjrealtor@gmail.com

Email

Affordability Calculator

$8,958
Per Month
85%
15%
0%
Monthly Principal & Interest
$7,591
Monthly Property Taxes
$1,368
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/14/2026$1,099,000 Listed Price

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87 Passaic St, Passaic, NJ, 07055 is a Commercial Property for sale at $1,099,000 with 3,030 sqft and a lot size of 0.04. 87 Passaic St was built in 1940. The property's zip code is 07055 which is in Passaic, NJ

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