355 Madison St - Apartments FOR SALE
Passaic, NJ 07055 |
355 Madison St
Passaic, NJ 07055
HIGHLIGHTS
- Fully stabilized 6-unit multifamily with strong in-place income.
- Diverse unit mix of 2- and 3-bedroom layouts.
- Section 8 tenancy with scheduled rent increases in 2026.
- Located near NJ Transit, shopping, and schools.
- 7.57% cap rate with upside through rent repositioning.
- Green Card up to date, ensuring code compliance.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
5000
STORIES
3
YEAR BUILT
1950
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
07-02162-0000-00009
