355 Madison St | Passaic, NJ 07055
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- LoopNet Team
355 Madison St
Passaic, NJ 07055
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Fully stabilized 6-unit multifamily with strong in-place income.
- Section 8 tenancy with scheduled rent increases in 2026.
- 7.57% cap rate with upside through rent repositioning.
- Diverse unit mix of 2- and 3-bedroom layouts.
- Located near NJ Transit, shopping, and schools.
- Green Card up to date, ensuring code compliance.
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 5,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | ||
| Zoning | R-3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,000 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| 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 |
|---|---|---|---|
| 1+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 07-02162-0000-00009 | Improvements Assessment | $283,700 |
| Land Assessment | $64,500 | Total Assessment | $348,200 |
PROPERTY TAXES
Parcel Number
07-02162-0000-00009
Land Assessment
$64,500
Improvements Assessment
$283,700
Total Assessment
$348,200
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