$1,599,000

48 8th Avenue, Passaic, NJ 07055

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Property Website: https://lekker.hd.pics/48th-Ave Income-Producing 8-Unit Multifamily | Prime Passaic Location Introducing a fully renovated 8-unit multifamily property located at 48 8th Avenue in Passaic, NJ. Built in 1980 and extensively updated in 2025, this all-brick low-rise building offers 6,256 SF across three stories with a mix of (4) two-bedroom units and (4) one-bedroom units. The property is 100% occupied, with strong in-place income and additional upside through below-market rents. Tenants enjoy a fenced courtyard, laundry, and storage amenities in the basement, along with easy access to public transit and major highways. Utilities include separately metered electric and gas, providing efficiency for ownership. Situated on a 4,901 SF corner lot, this freestanding property benefits from high visibility and ample street parking. Recent renovations, solid construction, and professional landscaping ensure long-term durability and tenant appeal.

Listing Status:
Active
Date Added:
September 18, 2025 at 05:00AM
Listing Office:
Keller Williams City Views Realty : 201-592-8900
Listing Agent:
Bruce Elia, Jr. : 201-917-5884
MLS ID:
25033281
  • Roofing: FlatO/See Rmrks
  • County: PASSAIC

This listing courtesy of Bruce Elia, Jr., Keller Williams City Views Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William B. Cruise Memorial School No. 11

390 Gregory Ave, Passaic, NJ, 07055

Grades KG-8

0.35 miles away

W

William B. Cruise Memorial School No. 11

390 Gregory Ave, Passaic, NJ, 07055

Grades KG-8

0.35 miles away

P

Passaic Academy for Science and Engineering

291 Lafayette Ave, Passaic, NJ, 07055

Grades 6-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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