NJ > Passaic City
Passaic City, NJ 07055,127 Parker Ave
Passaic City, NJ 07055,127 Parker Ave
Passaic City, NJ 07055,127 Parker Ave
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Found It Team

Found It Team

+1(800) 790-7576
$1,400,000
Est. payment /mo
3,792 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,792 sqft

Price per Sqft $369

MLS Listing ID 3980553

Year Built 1900

Annual Tax Amount $8,509

Tax Year 2024

Lot Size 3,049 Sqft

Property Description

Fully occupied and recently updated, this 6-unit commercial apartment building delivers immediate cash flow with room for growth. Featuring five spacious 2-bedroom units and one 1-bedroom unit, plus six basement storage units for additional rental income, this property is designed for strong returns. Five of the six apartments have been renovated, attracting quality tenants and reducing maintenance costs. Located in the heart of Passaic with easy access to Route 21, Route 3, I-80, and NYC, the property sits in a high-demand rental market with minimal vacancy. Tenants enjoy proximity to major retailers like Home Depot, grocery stores, dining, public transportation, and essential services. With a current 6.7% cap rate and bonus income potential from storage rentals, opportunities like this are rare in today's market. Act quickly " this income-producing asset will move fast.

Location

State NJ

County Passaic

Zoning R-3

Rooms

Basement Bilco-Style Door

Interior

Heating Gas-Natural

Cooling No Cool

Equipment Appliances, Smoke Detector, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Electric, Gas In Street

Roof Type Flat

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by PROMINENT PROPERTIES SIR

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127 Parker Ave

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