Three-Story Duplex with Detached
For Sale
$899,000
Pending
108 10Th St, Passaic, NJ 07055
Updated three-level duplex includes separate utilities, flexible finished space, driveway parking, and a detached garage.
Property Size3,700 SF
Lot Size0.11 Acres
Days on Market48
Property Features for 108 10Th St
General Information
Standard status
Pending
Size
3,700 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,813
Building Details
Year Built
1939
Buildings
1
Stories
3
Units
2
Listing Agency:
The Agency One Rock-Franklin Lakes
Listed By:
DIANA DIODONET
(973) 413-5771
Source:
Elliman
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 6:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency One Rock-Franklin Lakes
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Investment Insights
Based on property information with market context.
This legal two-family property in Passaic, New Jersey, offers over 3,700 square feet of living area on a 5,001-square-foot lot. The building spans three finished levels and contains 16 rooms, including eight bedrooms. The main residences provide four- and three-bedroom layouts, while the completed third floor adds a private one-bedroom arrangement with flexible bonus rooms. Separate utilities support the two-family configuration.
Property features include central air conditioning updated in 2022, forced-air heating, a private multi-car driveway, and a detached garage. The residence was built in 1939 and is situated near local transportation, schools, and shopping. The property lies within a designated flood zone, and insurance requirements should be independently verified.
Property features include central air conditioning updated in 2022, forced-air heating, a private multi-car driveway, and a detached garage. The residence was built in 1939 and is situated near local transportation, schools, and shopping. The property lies within a designated flood zone, and insurance requirements should be independently verified.
Key Highlights
- Over 3,700 sq ft of living area on a 5,001 sq ft lot
- Legal two‑family property with 16 rooms and 8 bedrooms
- Three finished levels with flexible third‑floor living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,924
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,480
$1.2M
Cap Rate 7%
$884,629
$884.6K
Cap Rate 9%
$688,044
$688.0K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$94.6K $25.56/SF
− Vacancy
−$6.1K −$1.65/SF
EGI
$88.5K $23.91/SF
− OpEx
−$26.5K −$7.17/SF
NOI
$61.9K $16.74/SF
Area
Passaic County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,480
Cap Rate 7%
$884,629
Cap Rate 9%
$688,044
Alternative Uses
Best Use
Multifamily LT 5
$884.6K
$774.1K – $1.03M
NOI $61,924 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$812.8K
$711.2K – $948.3K
NOI $56,899 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$966.1K
$845.4K – $1.13M
NOI $67,630 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
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Business Placement
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated three-level duplex includes separate utilities, flexible finished space, driveway parking, and a detached garage.
Where is this duplex located?
The property is located at 108 10Th St Passaic, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Over 3,700 sq ft of living area on a 5,001 sq ft lot; Legal two‑family property with 16 rooms and 8 bedrooms; Three finished levels with flexible third‑floor living space
