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    348 Montgomery St Passaic, NJ 07055

    Pending
    For Sale
    $1,250,000

    Commercial - Passaic City, NJ

    Lot size:
    0.08 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 348 Montgomery St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Residential
    Rooms
    Basement
    Basement Y/N
    1
    Lot size
    0.08 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1925
    Floors in Building
    3
    Number of units
    7
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block, Brick
    Roof type
    Built-Up
    Architectural style
    Other

    Premier Properties - The Damiano Group (973) 256-0303 [email protected]

    Listing agent RAYMOND DAMIANO (973) 256-0303

    Listing date Oct 21, 2025

    MLS# 3989797 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Passaic City Income Opportunity

    This residential property in Passaic City, NJ, presents an income-generating opportunity. The building features five 1-bedroom units and two 2-bedroom units. A five-car garage has been converted to accommodate three cars. The property includes seven water heaters and one boiler for the entire building. The zoning is residential. The lot size is 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.13639
    Latitude
    40.8615

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with multiple units and garage in Passaic City.
    Where is this apartment building located?
    The property is located at 348 Montgomery St Passaic, NJ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Opportunity for income generation with 7 units.; - Five-car garage, converted to a three-car garage.; - Building has 7 water heaters and one boiler.
    (973) 256-0303
    Request Owner's contact information
    348 Montgomery St Passaic, NJ 07055
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    Passaic, NJ 07055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    348 Montgomery St Passaic, NJ 07055
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