247 Hope Ave, Passaic City, NJ

$850,000

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8

Beds

4

Baths

0.22

Acres

About 247 Hope Ave

Discover the Possibilities and unlock the exceptional potential of this Large Two Family home on an Oversized Lot 75 x 125. The very large two-family home generates $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities to possible subdivide -(see attached licensed appraisal for lot 37.5 x 100) or redevelopment - making this an ideal prospect for investors, builders, and visionaries. The existing two-family is being sold strictly as-is and any future development, buyer is responsible to acquire the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. A unique chance to combine income today with potential for more profit tomorrow. Don't miss it.

Features of 247 Hope Ave

MLS® # 4050592
Price $850,000
Bedrooms 8
Bathrooms 4.00
Full Baths 4
Acres 0.22
Year Built 2025
Type Multi-Family
Style See Remarks, Under/Over
Status Active

Community Information

Address 247 Hope Ave
City Passaic City
County Passaic
State NJ
Zip Code 07055-6803

Amenities

Utilities Electric, Gas-Natural
Parking On-Street Parking
Has Pool No

Interior

Heating Gas-Natural
Fireplace No
Has Basement Yes
Basement Finished, Walkout

Exterior

Exterior See Remarks
Roof Asphalt Shingle

Additional Information

Date Listed September 4th, 2026

Listing Map

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