48 8th Ave - Apartments FOR SALE


Passaic, NJ 07055
$1,599,000 USD
201-917-5884
48 8th Ave, Passaic, NJ for Sale
$1,599,000 USD
Apartments - FOR SALE
1/49
null | 6.75% Cap Rate

48 8th Ave
Passaic, NJ 07055


HIGHLIGHTS

  • (8) Unit Multi-family - 4 (2) Bedrooms; (1) Bathroom & 4 (1) Bedroom; (1) Bathroom
  • Lot Size: 4,901 SqFt
  • Located in Vibrant Passaic, NJ
  • Corner Property off Main Avenu
  • Additional Value in Laundry and Storage in Basement
  • Value Add Property - Units undervalued and Prime for Market Rate Pricing

OVERVIEW

Introducing a prime investment opportunity located at 48 8th Avenue, Passaic, NJ, 07055. This 6,256 SF, 8-unit multifamily property, strategically situated in the Northern NJ area, offers a solid investment in a desirable location. Originally built in 1980 and meticulously renovated in 2025, this value-add property boasts 100% occupancy and a well-maintained, all-brick structure. With a mix of (2) bedroom and (1) bedroom units, the building also features a fenced-in courtyard, offering an ideal living environment for tenants. With additional on-site amenities including laundry and storage in the basement, this property presents an exceptional opportunity for a savvy Low-Rise/Garden investor.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,875

CAP RATE

6.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit Multi-Family | Prime Passaic

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

OR-1A

APN/PARCEL ID

07-03223-01-00001

ASK ABOUT THIS PROPERTY

Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.