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8 Beds
4 Baths

$799,000

247 Hope Ave, Passaic City NJ, 07055

Built in2025
Property typeMulti-family

Overview

Active

Listed Sep 4, 2026

Updated 2 days ago

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.

$5,316/mo

Est. mortgage payment based on a $799,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4050592

Interior Features

Bedrooms
8
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.22 Acres

Other Property Details

Taxes
$15,503
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of COLDWELL BANKER REALTY with PINA NAZARIO,
Listing Contact: 9737784500 

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