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Renovated Three-Unit Multifamily Property
New
For Sale
$1,699,000

70 Richard, Passaic, NJ 07055

2-4 Family, Mixedflr, Passaic, NJ

Property SizeContact for details
Days on Market7

Property Features for 70 Richard

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 10
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 7, Bedroom 10, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 5, Basement, Bathroom 6, Bedroom 1, Bedroom 8
Subdivision Passaic
Standard status Active

Utilities

Cooling system Central Air

Building Details

Architectural style Other
Listing Agency: Global Real Estate
Listed By: Global Real Estate Santos
Added: Sep 21 Changed: Sep 26 Last Checked: Sep 27 at 9:06PM
MLS# 26035839

Copyright © 2026 New Jersey MLS Inc. 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.

This multifamily property contains three residential units, including a remodeled original home and two newly constructed apartments. The first unit offers four bedrooms, three full bathrooms, a finished basement, a living room, formal dining area, kitchen, and a primary suite with its own bathroom. The additional units each feature three bedrooms, two bathrooms, open living and dining areas, kitchens, primary suites, and laundry rooms. Both also include an attached garage.

The original residence has been extensively updated and expanded with a new primary bedroom and primary bathroom. The two additional apartments were built at the rear or side of the original structure, creating a varied three-unit configuration. Central air is present, and the property is located near the Passaic train station and a bus stop, with major highways reachable within a few minutes.

Key Highlights

  • Three‑unit multifamily property with a remodeled original residence and two newly constructed apartments
  • Unit 1 includes 4 bedrooms, 3 full bathrooms, a finished basement, and an added primary suite
  • Units 2 and 3 each offer 3 bedrooms, 2 bathrooms, laundry, and an attached garage

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Garden Center Nursing Home Pet Grooming Service Pet Store (Bike/Boat/Book/etc) 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
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Three residential units combine updated interiors, attached garages, finished basement space, and convenient transit access.
Where is this multifamily property located?
The property is located at 70 Richard 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: Three‑unit multifamily property with a remodeled original residence and two newly constructed apartments; Unit 1 includes 4 bedrooms, 3 full bathrooms, a finished basement, and an added primary suite; Units 2 and 3 each offer 3 bedrooms, 2 bathrooms, laundry, and an attached garage
More about this property
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