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Commercial Sale For Sale

48 8th Avenue, Passaic, NJ 07055

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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.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
25033281
Price:
$1,599,000
Year Built:
1980's,2010's,Renovated
Status:
Active Under Contract
Office Name:
Keller Williams City Views Realty
Agent Name:
Bruce
Roof:
Flat, O/See Rmrks
Features
Architectural Style:
5+Family
Address Map
Country:
US
State:
NJ
County:
PASSAIC
City:
Passaic
Zipcode:
07055
Street:
8th
Street Number:
48
Street Suffix:
Avenue
Longitude:
W75° 52' 16.9''
Latitude:
N40° 51' 24.1''
Additional Information
On Market Date:
2025-09-19
Financial
Tax Annual Amount:
20680
Listing Information
List Agent Mls Id:
1003757
List Office Mls Id:
2800
Mls Status:
Under Contract
Modification Timestamp:
2026-03-03T21:08:47Z
Originating System Name:
njmls
Status Change Timestamp:
2026-03-03
Commercial Sale For Sale
Listing ID:
25033281
$1,599,000
Agent info
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