Listing Agency: Nicholas Real Estate

Listed By: NANCY RODRIGUEZ Show Phone

Source: Elliman

Added: Apr 15 Changed: Oct 10 Last Checked: Oct 16 at 10:36AM

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Investment Insights

Based on property information with market context.

This is a light-filled second-floor unit featuring two spacious bedrooms, a formal dining area, and a living room. The unit has hardwood flooring throughout and separate utilities. The property has a walk score of 74, indicating it is very walkable, a bike score of 46, indicating it is somewhat bikeable, and a transit score of 44, indicating some transit options are available.

Key Highlights

• Very walkable location (Walk Score: 74)
• Hardwood flooring throughout
• Two spacious bedrooms

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Tattoo & Piercing Shop Buffet Clothing & Fashion Store

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,193

Businesses Nearby

Explore this area Business Placement

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?

Multifamily property - Second-floor unit with hardwood floors, separate utilities.

Where is this multifamily property located?

The property is located at 238 Sherman St Passaic, NJ.

What is the lease rate?

The lease rate is $1,950/Mo.

What are key features of this property?

This property features: Very walkable location (Walk Score: 74); Hardwood flooring throughout; Two spacious bedrooms