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127 Parker Avenue, Passaic, NJ 07055

Local realty services provided by:CENTURY 21 A.G. Realty Group
127 Parker Avenue,Passaic, NJ 07055
$1,400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jason pierce, andrew harhaj
Office: prominent properties sotheby's international realty-tenafly
MLS#:25028212
Source:NJ_MLS

Price summary

  • Price:$1,400,000

About this home

Fully occupied and recently updated, this 6-unit commercial apartment building delivers immediate cash flow with room for growth. Featuring five spacious 2-bedroom units and one 1-bedroom unit, plus six basement storage units for additional rental income, this property is designed for strong returns. Five of the six apartments have been renovated, attracting quality tenants and reducing maintenance costs. Located in the heart of Passaic with easy access to Route 21, Route 3, I-80, and NYC, the property sits in a high-demand rental market with minimal vacancy. Tenants enjoy proximity to major retailers like Home Depot, grocery stores, dining, public transportation, and essential services. With a current 6.7% cap rate and bonus income potential from storage rentals, opportunities like this are rare in today’s market. Act quickly – this income-producing asset will move fast.

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Home facts

  • Listing ID #:25028212
  • Added:174 day(s) ago
  • Updated:January 14, 2026 at 05:00 PM

Finances and disclosures

  • Price:$1,400,000
  • Tax amount:$8,510
MLS Logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than CENTURY 21 A.G. Realty Group are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: January 14, 2026. Source: New Jersey Multiple Listing Service, Inc. 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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