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2-Unit Multifamily Property
For Sale
$440,000

68 Hoover Ave, Passaic, NJ 07055

Multi-Family, Fixer Upper, Under/Over, Passaic City, NJ

Property SizeContact for details
Lot Size0.07 Acres
Days on Market49

Property Features for 68 Hoover Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 4, Bedroom 1, Basement, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 2
Parking 2
Directions HOOVER BETWEEN MADISON AND MONROE
Standard status Active
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9491

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Water source Public

Building Details

Year built 1900
Number of units 2
Architectural style Other
Listing Agency: FAST TRACK REAL ESTATE CO LLC
Listed By: MARIE KAHVAJIAN · License #7938650
Added: Aug 27 Changed: Oct 14 Last Checked: Oct 14 at 10:06PM
MLS# 4049258

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.

Investment Insights

Based on property information with market context.

Built in 1900, this multifamily property is configured as a two-unit building with an additional apartment area. The room list includes five bedrooms, three bathrooms, and a basement. Heating is by hot water and baseboard, with public water and public sewer service. The property encompasses 0.07 acres.

The sale is as-is. Utilities are not on, and the buyer is responsible for municipal inspections and open permits.

Key Highlights

  • Two‑unit building with an additional apartment area
  • 0.07‑acre lot
  • Five bedrooms and three bathrooms listed

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Tanning Salon Pet 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

3,601
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - A third apartment area, shared driveway, and basement add to the property's existing residential configuration.
Where is this multifamily property located?
The property is located at 68 Hoover Ave Passaic, NJ.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑unit building with an additional apartment area; 0.07‑acre lot; Five bedrooms and three bathrooms listed
More about this property
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