247 Hope Ave AKA 251, Passaic City, NJ 07055

• 8 beds |
• 4 baths

Property Description

Discover the Possibilities on an Oversized Lot. Unlock exceptional potential with this oversized 75 x 125 lot located in a residential neighborhood, featuring a very large two-family home generating approximately $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities possible subdivision -(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 will require the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. Bonus: The seller is willing to offer owner financing, adding flexibility and making this a rare opportunity to bring your project vision to life. A unique chance to combine income today with potential for tomorrow don't miss it.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 1:40AM

Listing Office:

COLDWELL BANKER REALTY : 973-778-4500

MLS ID:

4009662

Interior

• Basement: Finished
• A/C: 2 UnitsCentral Air
• Heating: 2 UnitsForced Hot AirGas-Natural

Exterior

• General: See Remarks
• Parking: Parking spaces: 0

Construction

• Roofing: See Remarks

Location

• County: Passaic

Lot

• Driveway: See Remarks
• Zoning: 2507-04098-0000-00027-0000-

Utilities

• Utilities: ElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer