56 Passaic St Garfield, NJ 07026
Estimated payment $4,354/month
About This Home
Situated in Garfielda€TMs redeveloped and sought-after a€œRestaurant Rowa€ district, 56 Passaic St. is a fully leased two-unit residential property featuring 2 two bedroom units and has potential for commercial conversion usage. Endless developer potential. This property includes 3 parking spots in the rear and 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 an income-generating asset in a high-demand area. Property is located in an opportunity zone and is sold as-is. The owner holds a New Jersey Real Estate License.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,488
Home Design
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Additional Features
- Laundry in Basement
- 3,999 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 5 / 11
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 | $7,488 | $224,400 | $80,800 | $143,600 |
| 2024 | $7,363 | $224,400 | $80,800 | $143,600 |
| 2023 | $6,999 | $224,400 | $80,800 | $143,600 |
| 2022 | $6,999 | $224,400 | $80,800 | $143,600 |
| 2021 | $6,306 | $224,400 | $80,800 | $143,600 |
| 2020 | $6,647 | $224,400 | $80,800 | $143,600 |
| 2019 | $6,521 | $224,400 | $80,800 | $143,600 |
| 2018 | $6,375 | $224,400 | $80,800 | $143,600 |
| 2017 | $6,263 | $224,400 | $80,800 | $143,600 |
| 2016 | $6,077 | $224,400 | $80,800 | $143,600 |
| 2015 | $5,926 | $224,400 | $80,800 | $143,600 |
| 2014 | $5,769 | $224,400 | $80,800 | $143,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | Price Changed | $699,999 | 0.0% | -- |
| 06/07/2025 06/07/25 | For Sale | $699,999 | -12.5% | -- |
| 04/16/2025 04/16/25 | Off Market | $799,999 | -- | -- |
| 04/13/2025 04/13/25 | For Sale | $799,999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $445,000 | Madison Title | |
| Bargain Sale Deed | $445,000 | Madison Title | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $99,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $312,000 | New Conventional | |
| Closed | $312,000 | New Conventional | |
| Previous Owner | $147,000 | No Value Available | |
| Previous Owner | $104,750 | FHA |
Source: New Jersey MLS
MLS Number: 25009488
APN: 21-00011-0000-00005
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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