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    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.

    Property size:
    3,792 SF
    Lot size:
    0.07 Acres

    Property Features for 127 Parker Ave

    General Information

    Standard status
    Active
    Size
    3,792 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1900

    Source: PROMINENT PROPERTIES SIR Agent JASON PIERCE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Apartment Building in Passaic

    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 Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.121817
    Latitude
    40.871262

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    FAQs

    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.
    (201) 568-5668
    Request Owner's contact information
    127 Parker Ave 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
    127 Parker Ave Passaic, NJ 07055
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