48 8th Ave Passaic, NJ 07055
Estimated payment $10,201/month
About This Home
Property Website: Income-Producing 8-Unit Multifamily | Prime Passaic Location Introducing a fully renovated 8-unit multifamily property located at 48 8th Avenue in Passaic, NJ. Built in 1980 and extensively updated in 2025, this all-brick low-rise building offers 6,256 SF across three stories with a mix of (4) two-bedroom units and (4) one-bedroom units. The property is 100% occupied, with strong in-place income and additional upside through below-market rents. Tenants enjoy a fenced courtyard, laundry, and storage amenities in the basement, along with easy access to public transit and major highways. Utilities include separately metered electric and gas, providing efficiency for ownership. Situated on a 4,901 SF corner lot, this freestanding property benefits from high visibility and ample street parking. Recent renovations, solid construction, and professional landscaping ensure long-term durability and tenant appeal.
Property Details
Property Type
- Other
Est. Annual Taxes
- $20,680
Home Design
- Flat Roof Shape
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2026 03/02/26 | Pending | -- | -- | -- |
| 10/08/2025 10/08/25 | Off Market | $1,599,000 | -- | -- |
| 10/04/2025 10/04/25 | For Sale | $1,599,000 | 0.0% | -- |
| 09/18/2025 09/18/25 | For Sale | $1,599,000 | -- | -- |
Source: New Jersey MLS
MLS Number: 25033281
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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