$1,400,000

127 Parker Ave Passaic, NJ 07055

Estimated payment $8,051/month

Total Views 5,720
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Fully occupied and recently updated, this 6-unit commercial apartment building delivers immediate cash flow with room for growth. Featuring five spacious 2-bedroom units and one 1-bedroom unit, plus six basement storage units for additional rental income, this property is designed for strong returns. Five of the six apartments have been renovated, attracting quality tenants and reducing maintenance costs. Located in the heart of Passaic with easy access to Route 21, Route 3, I-80, and NYC, the property sits in a high-demand rental market with minimal vacancy. Tenants enjoy proximity to major retailers like Home Depot, grocery stores, dining, public transportation, and essential services. With a current 6.7% cap rate and bonus income potential from storage rentals, opportunities like this are rare in todayâ€TMs market. Act quickly – this income-producing asset will move fast.

Listing Agent

Jason Pierce

Prominent Properties Sotheby's International Realty-Tenafly Listed on: 08/08/2025

Prominent Properties Sotheby's International Realty-Tenafly

Co-Listing Agent

Andrew Harhaj

Prominent Properties Sotheby's International Realty-Tenafly

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,510

Home Design

  • Flat Roof Shape

Property Details

Property Type

Other

Est. Annual Taxes

$8,510

Lot Details

0

Listing Details

  • Property Type: 5+ Mixed Use
  • Co List Office Mls Id: 48001
  • Co List Office Phone: 201-568-5668
  • MLS Status: Active - Active Attorney Review
  • Directions: Howard Ave to Park Ave
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Roof: Flat

Lot Info

  • Lot: 48

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2025 08/08/25 For Sale $1,400,000 -- --
Source: New Jersey MLS

Source: New Jersey MLS

MLS Number: 25028212

New Jersey MLS
New Jersey Passaic County Passaic 07055

127 Parker Ave, Passaic, NJ

For Sale

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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Jason Pierce
Listing Agent
Jason Pierce
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Prominent Properties Sotheby's International Realty-Tenafly
(201) 905-2754