97 Jefferson St, Passaic, NJ 07055

This turnkey rooming house offers 18 total rooms arranged across three living levels, including five rooms on the first floor, five rooms on the second floor, and eight rooms on the third floor. Each floor includes a shared bathroom and an in-unit kitchenette area with a sink, countertop, and microwave. The property was stabilized during a comprehensive 2019 renovation that included new heating, electrical, and plumbing systems, plus a new roof, windows, siding, flooring, and structural stairs. A full, unfinished basement contains the upgraded utilities and provides maintenance and storage space.

Located at 97 Jefferson St in Passaic, NJ, the building sits in an area with a walk score of 74 and a bike score of 46, with transit scoring 44. The asset is described as fully licensed by the New Jersey Department of Community Affairs (NJDCA), supporting an operator’s ability to run the property under an established regulatory framework.

For investors or operators seeking a stabilized, code-compliant multifamily income asset, this offering provides a modernized infrastructure base with the primary renovation work already completed. With each floor configured for rooming use and utility systems updated, the next owner can focus on day-to-day operations and tenant onboarding within the licensed rooming house model.