$799,999
For Sale

56 Passaic Street

Garfield, NJ 07026
Type:Purchase
Structure:2 Family
Zone:Residential

Description

Situated in Garfield’s redeveloped and sought-after “Restaurant Row” district, 56 Passaic St. is a fully leased two-unit residential property featuring 2 two bedroom units and has potential for commercial conversion usage. Endless developer potential. This property includes 3 parking spots in the rear and is just one block from the train station and offers easy access to the Parkway, Route 46, and Route 80. This is a rare opportunity to acquire an income-generating asset in a high-demand area. Property is located in an opportunity zone and is sold as-is. The owner holds a New Jersey Real Estate License.

  • Property Details
      • Date ListedApril 13, 2025
      • Property TypePurchase
      • Original List Price$799,999
      • MLS #25009488
      • Property Subtype2 Family
      • MLS #25009488
      • Cost799999
      • Subdivision400

Location

Julio GallardoReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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