Building Details

Units 2

Listed By: YULI M. RODRIGUEZ Show Phone

Source: Elliman

Added: Mar 10 Changed: Aug 21 Last Checked: Sep 1 at 10:42PM

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Investment Insights

Based on property information with market context.

This multifamily home includes 5 bedrooms and 2 newly renovated bathrooms. A new roof was installed in 2024, and new furnace and hot water tanks were installed in 2023. Tenants are currently in place on a month-to-month basis. The first floor contains 2 bedrooms and 1 bathroom, while the second floor has 3 bedrooms and 1 bathroom.

Key Highlights

• New roof installed in 2024.
• New furnace and hot water tanks installed in 2023.
• Two newly renovated bathrooms.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Nursing Home Veterinary Clinic Tanning Salon Pet Store Tattoo & Piercing Shop

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

Location Intelligence

Trade Area within ½ mile

2,906

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?

Apartment building - Multifamily home featuring renovated bathrooms and updated systems.

Where is this apartment building located?

The property is located at 44 3Rd St Passaic, NJ.

What is the asking price?

The asking price for this property is $469,000.

What are key features of this property?

This property features: New roof installed in 2024.; New furnace and hot water tanks installed in 2023.; Two newly renovated bathrooms.