259 Highland Ave Unit 261 Passaic, NJ 07055
Estimated payment $4,674/month
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.
Listing Agent
ISMAIL SALEH
EXP REALTY, LLC Brokerage Phone: 201-280-3814 Listed on: 08/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,129
Year Built
- Built in 1920
Lot Details
- 5,663 Sq Ft Lot
- Level Lot
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Aluminum Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Multiple Heating Units
Community Details
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 2507-04104-0001-00053-0000-
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $699,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $130,000 | -- | |
| Deed | $151,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $149,000 | FHA |
Source: Garden State MLS
MLS Number: 3981979
APN: 07-04104-01-00053
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