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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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97 Jefferson St , Passaic City, NJ 07055
$1,250,000
Est. Payment: $6,361.51/mo
0 Bed
1.5 Bath
3186 Sqft
Status: active | Days on site: 5
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Susan Maryanski
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House Description

An exceptional, turnkey cash-flow opportunity in the heart of Passaic, this 18-room rooming house is fully licensed by the New Jersey Department of Community Affairs (NJDCA), offering an investor immediate scale in a high-demand rental market.The asset was completely stabilized during a massive, top-to-bottom $500,000+ total renovation in 2019. This down-to-the-studs modernization encompassed all-new heating, electrical, and plumbing systems, alongside a new roof, windows, siding, flooring, and structural stairs. This entirely updated infrastructure ensures strict regulatory compliance while significantly lowering projected capital expenditures and operational maintenance for years to come.Optimized across three distinct living levels, the building features an efficient, high-density layout: First Floor: 5 rooms, Second Floor: 5 rooms, Third Floor: 8 rooms. Each floor is equipped with its own shared bathroom and a dedicated kitchenette area featuring a sink, countertop, and microwave. A full, unfinished basement houses the upgraded utilities and provides ample space for maintenance storage.Licensed rooming houses of this caliber and pristine physical condition are rarely available in the North Jersey market. With the heavy lifting of the renovation already complete, the next owner can focus entirely on optimizing the asset's substantial revenue potential.
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Highlights

Listed by RIGOBERTO SANCHEZ , OP COREY J SCHNEIDER , 973-472-3909. Garden State MLS

Property Type

Commercial Sale
Lot/Acreage
0.08

Year Built

1930

County

Passaic

Listing ID

4035509

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1.5
  • ▪ Full Bathrooms:
  • ▪ 1/2 Bathrooms:3
Air Cond:See Remarks
Fireplaces:
Floor:See Remarks
Basement:Full,Unfinished
Other:Public Water

Exterior Features

Lot:Corner
Lot Dimensions:37X100
Zoning:R-3
Roof:Asphalt Shingle
Others:Vinyl Siding
Sewer:Public Sewer
Parking Features:On-Street Parking
Principal Interest
$6,362
Taxes
$1,508

Home Price

$1,250,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$250,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,361.51

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,361.51 $1,508.00 $0.00 $7,869.51
Yearly $76,338.11 $18,096.00 $0.00 $94,434.11
Total $2,290,143.45 $542,880.00 $0.00 $2,833,023.45

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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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: 2026-07-21T23:37:13.000Z

© 2026 Garden State MLS