NOT LISTED FOR SALE

259 Highland Ave Unit 261 Passaic, NJ 07055

Estimated Value: $663,567 - $723,000

6 Beds
6 Baths
3,144 Sq Ft
$220/Sq Ft Est. Value

About This Home

Attention investors! Don't miss this prime multi-family investment opportunity located in the heart of Passaic. This DUPLEX two-family property at 259-261 Highland Ave is tenant-occupied, providing immediate rental income, with strong upside potential for the right buyer willing to make value-add improvements. Each unit offers 3 bedrooms and 3 bathrooms, spacious layouts, and the property includes a full basement ideal for storage or additional rental possibilities. While the home does require repairs and updates, this is the perfect chance for an investor to unlock significant equity and maximize cash flow through renovations. Conveniently located near public transportation, major highways, schools, and shopping, this property is in a high-demand rental market, making it a solid long-term hold or repositioning opportunity.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2004
Sold by
Barrales Floriberta
Bought by
Basuf Hajer
Current Estimated Value
$691,892

Purchase Details

Closed on
Dec 15, 1995
Sold by
Rojas Fabio
Bought by
Barrales Floriberta and Alvardo Epifania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
7.77%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Basuf Hajer $130,000 --
Barrales Floriberta $151,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barrales Floriberta $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2025 08/18/25 For Sale $699,900 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,130 $294,200 $78,800 $215,400
2024 $11,780 $294,200 $78,800 $215,400
2022 $11,427 $294,200 $78,800 $215,400
2021 $11,062 $294,200 $78,800 $215,400
2020 $10,977 $294,200 $78,800 $215,400
2019 $10,818 $294,200 $78,800 $215,400
2018 $10,585 $294,200 $78,800 $215,400
2017 $10,259 $294,200 $78,800 $215,400
2016 $9,909 $294,200 $78,800 $215,400
2015 $11,231 $148,300 $51,800 $96,500
2014 $11,025 $148,300 $51,800 $96,500
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2025

    ISMAIL SALEH

    EXP REALTY, LLC

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Map

New Jersey Passaic County Passaic 07055

259 Highland Ave Unit 261, Passaic, NJ

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