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    Licensed Rooming House Multifamily Building Title is generated by Realmo AI

    196 Madison St, Passaic, NJ 07055

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    For Sale
    $850,000

    Commercial - Passaic City, NJ

    Property size:
    2,526 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $336/SF
    Added:
    Jun 17, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 26 at 10:06 pm

    Property Features for 196 Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R-3
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    2,526 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14903

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    11
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

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    RIGOBERTO SANCHEZ

    Listing agent RIGOBERTO SANCHEZ

    Listing office COREY J SCHNEIDER 689 MAIN AVENUE, Passaic, NJ

    Listing date Jun 17, 2026

    MLS# 4035520 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    This multifamily building is offered for sale as a turnkey, NJDCA-licensed rooming house. The property includes two one-bedroom apartments, each with its own bathroom and kitchen. It also provides nine rent rooms that share two bathrooms and a dedicated kitchenette area with a sink, countertop, and microwave. A full, unfinished basement supports upgraded utilities and offers additional space for maintenance storage. The building was stabilized through a comprehensive, top-to-bottom renovation completed in 2020, with down-to-the-studs improvements including new heating, electrical, and plumbing systems, as well as a new roof, windows, siding, flooring, and structural stairs.

    The property is located at 196 Madison St in Passaic City, New Jersey, and is zoned R-3. With the primary capital work already completed, the asset is positioned for an owner to focus on ongoing operations and resident management while remaining aligned with its rooming-house licensing requirements.

    For investors or qualified owner-operators seeking a regulated rooming-house structure, the mix of two private, self-contained 1BR apartments and nine rent rooms can support multiple living arrangements within one building. The basement and updated infrastructure also provide a practical foundation for maintenance and utility service over the near term.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.12561
    Latitude
    40.86362

    FAQs

    What type of property is this?
    Apartment building - NJDCA-licensed rooming house with two private 1BR units, plus nine rent rooms, fully renovated in 2020.
    Where is this apartment building located?
    The property is located at 196 Madison St Passaic, NJ.
    What is the asking price?
    The asking price for this property is $850,000.
    More about this property
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