$1,400,000

127 Parker Ave Passaic, NJ 07055

Estimated payment $8,374/month

Total Views 340
-- 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 todaya€TMs market. Act quickly a€“ 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
  • 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

This home is located at 127 Parker Ave, Passaic, NJ 07055 and is currently priced at $1,400,000. 127 Parker Ave is a home located in Passaic County with nearby schools including Passaic High School # 12, St Nicholas Ukrainian Catholic School, and Passaic Catholic Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

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

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

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