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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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247 Hope Ave , Passaic City, NJ 07055
$899,000
Est. Payment: $4,629.87/mo
8 Bed
4 Bath
0 Sqft
Status: Active | Days on site: 1
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Susan Maryanski
Operator

House Description

Discover the Possibilities and unlock the exceptional potential of this Large Two Family home on an Oversized Lot 75 x 125. The very large two-family home generates $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities to possible subdivide -(see attached licensed appraisal for lot 37.5 x 100) or redevelopment - making this an ideal prospect for investors, builders, and visionaries. The existing two-family is being sold strictly as-is and any future development, buyer is responsible to acquire the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. A unique chance to combine income today with potential for more profit tomorrow. Don't miss it.

Highlights

Listed by PINA NAZARIO , MP COLDWELL BANKER REALTY , 973-778-4500. Garden State MLS

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

2025

County

Passaic

Listing ID

4050592

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:2 Units,Central Air
Fireplaces:
Basement:Finished,Walkout
Water:Public Water

Exterior Features

Lot Dimensions:75X125
Roof:Asphalt Shingle
Others:
  • Additional:See Remarks, On-Street Parking
Sewer:Public Sewer
Principal Interest
$4,630
Taxes
$1,292

Home Price

$899,000

Loan Details

30 yrs
6.677%

Down Payment

20%
$179,800
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Monthly Price:
$4,629.87

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,629.87 $1,291.92 $0.00 $5,921.79
Yearly $55,558.47 $15,503.00 $0.00 $71,061.47
Total $1,666,753.96 $465,090.00 $0.00 $2,131,843.96

Today's Rates

30 Year

6.68%

20 Year

6.59%

15 Year

6.04%

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Market insight data is pulled from the same city as the listing being viewed (Passaic City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-05T10:59:24.000Z

© 2026 Garden State MLS