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100 Passaic St 32 Unit Apartment Building $2,300,000 ($71,875/Unit) Passaic, NJ 07055

Apartment Buildings New Jersey Passaic 100 Passaic St, Passaic, NJ 07055

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Investment Highlights

  • Area has many brand new multifamily construction projects
  • Conveniently located close to public transportation and shopping
  • Perfect for an entity seeking affordable housing

Executive Summary

The subject property contains 32 Single Room Occupancy units plus one Retail space. The residential units were formerly covered by a Sec. 8 Moderate Rehabilitation Single Room Occupancy Program for Homeless Individuals. The property is currently vacant.
This investment is an excellent opportunity for the following buyers -
An agency that needs housing for individuals on a short term or long term basis . This could be for homeless individuals, victims of domestic violence, disaster victims, veterans or seniors that need affordable housing.
Developers that partner with these type of agencies or with charitable organizations.
Entities seeking affordable housing for their area residents
SRO seasoned operators that have a steady stream of tenants that are looking for single room occupancy units
Multifamily owners seeking to repurpose the property

Attachments

Unit Amenities

Property Facts

Price $2,300,000 Building Class C
Price Per Unit $71,875 Lot Size 0.11 AC
Sale Type Investment Building Size 12,000 SF
No. Units 32 Average Occupancy 0%
Property Type Multifamily No. Stories 3
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
 Year Built/Renovated 1930/2003
Apartment Style Low-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R-3
Price $2,300,000
Price Per Unit $71,875
Sale Type Investment
No. Units 32
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 12,000 SF
Average Occupancy 0%
No. Stories 3
Year Built/Renovated 1930/2003
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R-3

Amenities

Unit Amenities

  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 32 - -
1 1
Walk Score®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 07-01017-0000-00033 Improvements Assessment $696,500
Land Assessment $42,800 Total Assessment $739,300

Property Taxes

Parcel Number
07-01017-0000-00033
Land Assessment
$42,800
Improvements Assessment
$696,500
Total Assessment
$739,300
(917) 902-7605

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 39465293

  • Date on Market: 2/17/2026

  • Last Updated:

  • Address: 100 Passaic St, Passaic, NJ 07055

More public record information on 100 Passaic St, Passaic, NJ 07055

The Multifamily Property at 100 Passaic St, Passaic, NJ 07055 is currently available for Sale. Contact Palisade Partners for more information.

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100 Passaic St
(917) 902-7605 x

100 Passaic St

Elliot Schechter
(917) 902-7605

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