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Renovated Triplex With New Units

70 Richard St, Passaic, NJ 07055

For Sale
$1,699,000

Three-unit property combines a remodeled original residence with two newly built apartments.

Property Size1,522 SF
Days on Market49

Property Features for 70 Richard St

General Information

Standard status Active
Size 1,522 SF
Property subtype Investment

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4BR/3BA, 3BR/2BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,823

Building Details

Building Size 1,522 SF
Stories 2
Listing Agency: Global Real Estate
Listed By: ROSA SANTOS
Source: Elliman
Added: Sep 22 Changed: Nov 4 Last Checked: Nov 8 at 5:46AM

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 Global Real Estate

Rey
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Investment Insights

Based on property information with market context.

This triplex includes a substantially updated original home plus two newly constructed apartment units. The primary residence has 4 bedrooms, 3 full baths, a finished basement, formal dining area, large kitchen, and an added primary suite with its own bath. Its upper level includes two additional bedrooms and a full bath.

The second and third units each include an attached garage, open living and dining areas, a kitchen, three bedrooms, two baths, and a laundry room. Unit #2 also features a peninsula kitchen, while Unit #3 includes a dedicated primary bathroom. Built in 2026, the property is near the Passaic train station and a bus stop, with access to major highways within a few minutes. WalkScore is 74, BikeScore is 54, and TransitScore is 47.

Key Highlights

  • Triplex with one remodeled original home and two newly built apartments
  • Unit #1 includes 4 bedrooms, 3 full baths, a finished basement, and an added primary suite
  • Units #2 and #3 each offer 3 bedrooms, 2 baths, an attached garage, and laundry

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,139
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
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Market

Average Price Trend$/SF for Triplexes in Passaic County, NJ

$478 Jul
$535 Aug
$236 Sep
$221 Oct

Properties on Market for Triplexes in Passaic County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property combines a remodeled original residence with two newly built apartments.
Where is this triplex located?
The property is located at 70 Richard St Passaic, NJ.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Triplex with one remodeled original home and two newly built apartments; Unit #1 includes 4 bedrooms, 3 full baths, a finished basement, and an added primary suite; Units #2 and #3 each offer 3 bedrooms, 2 baths, an attached garage, and laundry
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