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Updated Apartment Building in Passaic

127 Parker Ave, Passaic, NJ 07055

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For Sale

$1,400,000

Fully occupied, updated 6-unit building with income potential in Passaic.

Type:Commercial

Property size:

3,792 SF

Lot size:

0.07 Acres

Price / SF:

$369/SF

HighLights

Immediate cash flow with an attractive 6.7% cap rate.
Five recently renovated apartments.
Fully occupied 6‑unit building in a high‑demand rental market.
Prime Passaic location with easy access to Route 21, Route 3, I‑80, and NYC.
Additional income from six basement storage units.
Convenient proximity to major retailers, grocery stores, dining, public transportation, and essential services.

We can help!

Listing Contact

JASON PIERCE

For Sale

$1,400,000

Fully occupied, updated 6-unit building with income potential in Passaic.

Type:Commercial

Property size:

3,792 SF

Lot size:

0.07 Acres

Price / SF:

$369/SF

Added:: Aug 11, 2025
Days on Market:: 308
Last Refresh:: May 10 at 10:28 pm

Property Features for 127 Parker Ave

General Information

Standard status: Active
Size: 3,792 SF
Lot size: 0.07 Acres
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

JASON PIERCE

Listing agent JASON PIERCE License #1325888

Listing office PROMINENT PROPERTIES SIR

Listing date Aug 11, 2025

Source Corcoran

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 PROMINENT PROPERTIES SIR

HighLights

Immediate cash flow with an attractive 6.7% cap rate.
Five recently renovated apartments.
Fully occupied 6‑unit building in a high‑demand rental market.
Prime Passaic location with easy access to Route 21, Route 3, I‑80, and NYC.
Additional income from six basement storage units.
Convenient proximity to major retailers, grocery stores, dining, public transportation, and essential services.

Overview

This is a fully occupied, recently updated 6-unit commercial apartment building. It features five 2-bedroom units and one 1-bedroom unit. There are also six basement storage units available for additional rental income. Five of the six apartments have been renovated. The property is located in Passaic, offering convenient access to Route 21, Route 3, I-80, and New York City. The location is in a high-demand rental market. Tenants benefit from the property's proximity to major retailers such as Home Depot, grocery stores, dining options, public transportation, and other essential services. The property is 3792 square feet.

Property Profile Location Intelligence

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Local Demand

City: Passaic
County: Passaic
State: New Jersey
Longitude: -74.1218
Latitude: 40.8713

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For sale
Apartment buildings
NJ
Passaic
07055
127 Parker Ave

What type of property is this?

Apartment building - Fully occupied, updated 6-unit building with income potential in Passaic.

Where is this apartment building located?

The property is located at 127 Parker Ave Passaic, NJ.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Immediate cash flow with an attractive 6.7% cap rate.; Five recently renovated apartments.; Fully occupied 6‑unit building in a high‑demand rental market.