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5-Unit Multifamily Investment Property
For Sale
$999,999

149 Howe Ave, Passaic, NJ 07055

Fully occupied 5-unit multifamily building with move-in ready 3-bedroom units, each with private yard access.

Property SizeContact for details
Days on Market48

Property Features for 149 Howe Ave

General Information

Standard status Active
Occupancy 100%

Additional Details

Highway Access Yes
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $13,838
Listing Agency: Keller Williams Realty Metropolitan
Listed By: Romina Scandroglio
Source: Exprealty
Added: Jul 23 Changed: Sep 5 Last Checked: Sep 7 at 1:15PM

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 Keller Williams Realty Metropolitan

Investment Insights

Based on property information with market context.

This fully occupied 5-unit multifamily property features move-in ready units with a living room, dining room, kitchen, three bedrooms, and one full bathroom. Each unit also includes access to a private yard, and there is a partially finished basement. Tenants are responsible for their own utilities, which can help reduce owner expense.

The property is located in Passaic, NJ and is described as being conveniently near major highways and public transportation, with shopping, dining, and schools within reach. It is being sold strictly AS-IS.

With five separate residential units in place, the building offers an established rental setup for ownership as an owner-occupant or as an investor.

Key Highlights

  • Fully occupied 5‑unit multifamily building (Year Built 1930) in Passaic
  • Each unit is move‑in ready with 3 bedrooms, 1 full bath, plus living room, dining room, and kitchen
  • Units include private yard access

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Acupuncture Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,974
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied 5-unit multifamily building with move-in ready 3-bedroom units, each with private yard access.
Where is this apartment building located?
The property is located at 149 Howe Ave Passaic, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Fully occupied 5‑unit multifamily building (Year Built 1930) in Passaic; Each unit is move‑in ready with 3 bedrooms, 1 full bath, plus living room, dining room, and kitchen; Units include private yard access
More about this property
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