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Two-Family Residential Building
For Sale
$799,900
Pending

302 Sherman St, Passaic, NJ 07055

Well-maintained two-family home with three bedrooms on each floor, finished attic and basement, plus off-street parking.

Property SizeContact for details
Days on Market52

Property Features for 302 Sherman St

General Information

Standard status Pending
Total Parking Spaces 7
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $12,573

Building Details

Year Built 1970
Units 2
Listing Agency: Realty ONE Group Legend
Listed By: OTHONIEL GOMEZ
Source: Elliman
Added: Jul 11 Changed: Aug 24 Last Checked: Aug 31 at 6:35PM

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 Realty ONE Group Legend

Investment Insights

Based on property information with market context.

Well-maintained two-family residential property offering three bedrooms on the first and second floors, along with a finished attic and basement. The home also features a newly installed roof, supporting a strong base for ongoing use.

Located in Passaic, NJ, the property includes off-street parking for up to seven vehicles, providing convenient access for residents and guests. Bike and walkability scores are noted as somewhat bikeable and very walkable, with transit scored as somewhat served.

This is a for-sale opportunity positioned for either rental-focused buyers or owner-occupants looking to live in one unit while maintaining income potential from the second.

Key Highlights

  • Well‑maintained two‑family home built in 1970
  • 3 bedrooms on both the first and second floors
  • Finished attic and basement for added usable space

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,841
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained two-family home with three bedrooms on each floor, finished attic and basement, plus off-street parking.
Where is this duplex located?
The property is located at 302 Sherman St Passaic, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1970; 3 bedrooms on both the first and second floors; Finished attic and basement for added usable space
More about this property
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