48 8th Avenue, Passaic, NJ 07055

$1,599,000
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Under Contract
BEDS0 BATHS MLS#25033281
STATUSUnder Contract PROPERTY TYPEMulti Unit - Multiple

Property Description

Property Website: https://lekker.hd.pics/48th-Ave 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.

48 8th Avenue | MLS# 25033281

This multi-family property located at 48 8th Avenue, Passaic, NJ 07055 is currently listed for sale with an asking price of $1,599,000. Search Passaic real estate on www.joycerealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Roof Type: Flat
Taxes: $20,680

Feature Descriptions

Days on Site: 285
Owner Pays: Common Area, Gas, Water
Property Utilities: A/C, Gas, Munincipal WATER, Sewer

Listed By / Shown By

Listing By

Agency Name: Keller Williams City Views Realty
Agency Phone: 201-592-8900

Shown By

Agency Title: Joyce Realty
Agency Phone: (800-275-5692)

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Estimated Payment

$ 5,748.39 per month $3,558.68 Principal & Interest $1,723.33 Property Tax $466.38 Homeowner's Insurance

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