247 Hope Avenue, Passaic, 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

Date Added:

February 13, 2026

Data Last Updated:

March 24, 2026 at 3:03PM

Listing Office:

Coldwell Banker, Clifton : 973-778-4500

Listing Agent:

Pina Nazario : (973) 886-6258

MLS ID:

26004967

Interior

• Rooms: 19
• Laundry: See Remarks

Location

• County: PASSAIC

Utilities

• Utilities: Sep ElecSep GasSep HeatSep Water