$698,888
PENDING

514 Lafayette Ave Unit 518 Passaic, NJ 07055

Estimated payment $4,559/month

Total Views 17,924
4 Beds
3 Baths
2,200 Sq Ft
$318 Price per Sq Ft

About This Home

Welcome to this fully renovated, fully vacant 2-family home in a sought-after neighborhood; perfect for owner-occupants or investors looking for a smart, move-in-ready opportunity.Each unit features 2 spacious bedrooms and 1 modern bath, along with central air and heat, stainless steel appliances, and stylish, updated finishes.The finished basement offers extra living space with two rooms, a full bath, and a bonus area -- giving you plenty of flexibility.Enjoy private entrances, separate utilities, ample parking, and a fenced backyard -- all designed for convenience and easy maintenance.Turn-key, beautifully updated, and ready for its next chapter! This is one property that truly delivers on value and versatility.

Listing Agent

Masha Landkof

REAL Brokerage Phone: 973-474-0052 Listed on: 10/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,715

Year Built

  • Built in 1940

Lot Details

  • 66 Sq Ft Lot

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Private Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2,200 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 2507-03221-0002-00010-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,715

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Passaic
  • Directions: google maps
  • I D: 5393649
  • Attribution Contact: 973-474-0052
  • MLS Status: Under Contract
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout

Exterior Features

  • Exterior Description: Aluminum Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 6
  • Parking Driveway Description: 2 Car Width, Driveway-Exclusive

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 66 2-3X78
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Tax Amount: 10715
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2507-03221-0002-00010-0000-
  • Tax Rate Amount: 4.123
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,716 $259,900 $75,900 $184,000
2024 $10,156 $259,900 $75,900 $184,000
2022 $10,095 $259,900 $75,900 $184,000
2021 $9,772 $259,900 $75,900 $184,000
2020 $9,697 $259,900 $75,900 $184,000
2019 $9,557 $259,900 $75,900 $184,000
2018 $9,351 $259,900 $75,900 $184,000
2017 $9,063 $259,900 $75,900 $184,000
2016 $8,503 $259,900 $75,900 $184,000
2015 $9,171 $124,400 $57,200 $67,200
2014 $8,998 $124,400 $57,200 $67,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 Pending -- -- --
10/27/2025 10/27/25 For Sale $698,888 -- $318 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $500,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $536,250 Construction
Source: Public Records

About the Listing Agent

Masha Landkof

REAL

(201) 817-6519

Section Image

Are you looking for a dedicated real estate professional with effective communication, strong negotiation skills, and deep market knowledge? Look no further. As a full-time agent, I have consistently sold every home I ever listed for above asking price, thanks to my strategic approach and expertise.

My journey in real estate started with a bang, earning me the "Rookie of the Year" award in my first year. Since then, I have been committed to growing and learning exponentially. My clients'

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  • 187 3rd St, Englewood, NJ 07631

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Source: Garden State MLS

MLS Number: 3994761

Garden State MLS

APN: 07-03221-02-00010