Multifamily Property in Passaic,
For Sale
$1,299,000
35 Columbia Avenue, Passaic, NJ 07055
Income-generating 8-unit multifamily property built in 2018.
Property SizeContact for details
Lot Size0.05 Acres
Days on Market153
Property Features for 35 Columbia Avenue
General Information
Standard status
Active
Lot size
0.05 Acres
Property subtype
5+ Mixed Use
Taxes and HOA fees
Annual Taxes
$17,343
Amenities
Flat
Building Details
Year Built
2010
Listing Agency:
Serhant New Jersey LLC
(201) 522-7641
Listed By:
Michael Todaro
(201) 522-7641
Source:
Compass
Added: Apr 1
Changed: Aug 27
Last Checked: Aug 30 at 11:28PM
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 Serhant New Jersey LLC
Investment Insights
Based on property information with market context.
This income-producing multifamily property is located at 35 Columbia Ave, Passaic, NJ. Constructed in 2018, the building comprises eight units: one one-bedroom unit and five two-bedroom units. The property generates a gross annual income of $112,500, with a net operating income of $80,216, offering an approximate 6% cap rate. The property is zoned R3 and situated on a 30x62 lot.
Key Highlights
- Income‑producing multifamily property.
- Generates $112,500 in gross annual income.
- Net operating income of $80,216.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,342
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-generating 8-unit multifamily property built in 2018.
Where is this apartment building located?
The property is located at 35 Columbia Avenue Passaic, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Income‑producing multifamily property.; Generates $112,500 in gross annual income.; Net operating income of $80,216.
