Two-Family Home with Detached
78 Van Buren St Passaic, NJ 07055
New
For Sale
$760,000
MULTI_FAMILY - Passaic City, NJ
Property Size4,201 SF
Lot Size0.08 Acres
Price / SF$180.91
Days on Market1
Property Features for 78 Van Buren St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 6, Basement, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 3
- Parking
- 5
- Patio and Porch features
- Porch
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
- Exterior features
- Open Porch(es), Sidewalk, Thermal Windows/Doors
- Standard status
- Active
- Size
- 4,201 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12301
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
C-21 CEDARCREST REALTY
(973) 228-1050
Listed By:
TRACY YAW CHAN
(973) 228-1050
Added: Jul 24
Last Checked: Jul 24 at 7:06PM
MLS# 4042860
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.
This two-family home offers an identical layout on the first and second floors, with large rooms and high ceilings. Each unit features three bedrooms, and both levels include finished interior space with additional room configurations described in the first-floor finished basement and the second-floor finished attic. Recent improvements include renovated kitchen finishes dated 2023, new water heaters in 2025 and 2026, and a newer boiler in 2025 for one unit. The property is offered strictly as-is.
The home includes an owner’s electric meter and separate electric and gas, along with a 5-car driveway and a detached 3-car garage. It is described as conveniently located near schools, restaurants, supermarkets, shopping, and public transportation, with Bus Route 705 to Willowbrook Mall noted as one street away and Routes 21 and 46 providing access for commuting.
With a mirrored two-story arrangement and multiple finished spaces, the property is designed to support flexible residential use while maintaining a duplex configuration.
The home includes an owner’s electric meter and separate electric and gas, along with a 5-car driveway and a detached 3-car garage. It is described as conveniently located near schools, restaurants, supermarkets, shopping, and public transportation, with Bus Route 705 to Willowbrook Mall noted as one street away and Routes 21 and 46 providing access for commuting.
With a mirrored two-story arrangement and multiple finished spaces, the property is designed to support flexible residential use while maintaining a duplex configuration.
Key Highlights
- Two‑family home built in 1900 with identical first- and second‑floor layouts
- Each unit has 3 bedrooms; second‑floor includes a finished attic with two bonus rooms and a full bath
- First‑floor unit includes a renovated kitchen (2023) and a finished basement with recreation room and powder room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.0k | $30.00 |
| − Vacancy | −$8.6k | −$2.04 |
| EGI | $117.5k | $27.96 |
| − OpEx | −$52.9k | −$12.58 |
| NOI | $64.6k | $15.38 |
4,201 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$878.9K – $1.17M
NOI $70,309 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$922.9K
$807.5K – $1.08M
NOI $64,603 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.10M
$959.9K – $1.28M
NOI $76,788 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family residence includes separate electric and gas services, plus a detached 3-car garage and finished basement space.
Where is this duplex located?
The property is located at 78 Van Buren St Passaic, NJ.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with identical first- and second‑floor layouts; Each unit has 3 bedrooms; second‑floor includes a finished attic with two bonus rooms and a full bath; First‑floor unit includes a renovated kitchen (2023) and a finished basement with recreation room and powder room
