55 Passaic St Garfield, NJ 07026
Estimated payment $6,069/month
About This Home
Situated in Garfieldâ€TMs redeveloped sought-after “Restaurant Row†district, 55 Passaic St. is a fully leased four-unit mixed-use property featuring two commercial units and two residential units (one-bedroom and two-bedroom). The property underwent a full renovation in 2018, including new appliances, ensuring modern functionality and appeal. Additional features include a shared backyard and a semi-finished basement as an addition to the front commercial unit. This property is just one block from the train station and offers easy access to the Parkway, Route 46, and Route 80. This is a rare opportunity to acquire a well-maintained, income-generating asset in a high-demand area. Property is located in an opportunity zone and is sold as-is. Owner holds a New Jersey Real Estate License.
Property Details
Property Type
- Other
Est. Annual Taxes
- $9,711
Home Design
- Flat Roof Shape
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 | $9,711 | $291,000 | $65,600 | $225,400 |
| 2024 | $9,548 | $291,000 | $65,600 | $225,400 |
| 2023 | $9,076 | $291,000 | $65,600 | $225,400 |
| 2022 | $9,076 | $291,000 | $65,600 | $225,400 |
| 2021 | $8,811 | $291,000 | $65,600 | $225,400 |
| 2020 | $8,134 | $274,600 | $65,600 | $209,000 |
| 2019 | $7,980 | $274,600 | $65,600 | $209,000 |
| 2018 | $7,801 | $274,600 | $65,600 | $209,000 |
| 2017 | $7,664 | $274,600 | $65,600 | $209,000 |
| 2016 | $7,436 | $274,600 | $65,600 | $209,000 |
| 2015 | $7,002 | $274,600 | $65,600 | $209,000 |
| 2014 | $6,810 | $274,600 | $65,600 | $209,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/19/2025 10/19/25 | For Sale | $999,999 | +270.4% | -- | |
| 08/14/2018 08/14/18 | Sold | $270,000 | -21.7% | $106 / Sq Ft | View Prior Sale |
| 07/03/2018 07/03/18 | Pending | -- | -- | -- | |
| 01/08/2018 01/08/18 | For Sale | $345,000 | -- | $136 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $270,000 | -- | |
| Deed | -- | Fnc Title Servies Llc | |
| Deed | -- | -- | |
| Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $216,000 | Unknown | |
| Previous Owner | $538,500 | FHA |
Source: New Jersey MLS
MLS Number: 25037396
APN: 21-00025-0000-00022
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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