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$705,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 6 Total Beds
  • 1 Car Garage
See This Home
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Welcome to this well-maintained 3-family home ideally located near Downtown Passaic! Perfect for investors or owner-occupants, this property offers excellent rental income potential and convenience all in one. The first unit feature 3 bedrooms and 1 full bathroom, providing bright living spaces and a functional layout. The second unit features 2 bedrooms and 1 full bathroom. The spacious and bright third unit offers 1 bedroom and 1 bathroom. A finished basement includes 2 bonus rooms, a full bathroom, and a kitchenette, offering endless possibilities for extra storage, recreation, or guest space. The home also includes a 4-car driveway and garage, providing plenty of off-street parking. Located just minutes from public transportation, shopping, restaurants, schools, and houses of worship, this property combines comfort and convenience in one of Passaic's most accessible neighborhoods. Can be delivered vacant and being sold AS-IS.

Full Property Details for 131 Park Pl

General

  • Price: $705,000
  • Taxes: $16,999 (2024)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3993105
  • Updated: 1/1/2026
  • Added to Site: 91 day(s) ago

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Deck, Metal Fence

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Detached Garage

Location

  • County: Passaic
  • Driving Directions: Turn left onto Paulison Ave. Turn right onto Pennington Ave. Turn left onto Gregory Ave. Turn right onto Park Pl.

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), No Cooling
  • Heating Type: Radiators - Hot Water, Radiators - Steam
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Available, Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Roof: Asphalt Shingles
  • Year Built: 1920

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living/Dining Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Dimensions: 45 x 100
  • Driveway/Sidewalk: Off-Street Parking

Financial Considerations

  • Operating Expenses: $9,999
  • Assessment Amount: $328,900
  • Land Assmt: $83,400
  • Tax Amount: $16,999
  • Tax Year: 2024

Disclosures and Reports

  • Block: 2145
  • Lot Number: 6
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 131 Park Pl —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 131 Park Pl

School District:Passaic City School District
NameGradesDistance
Passaic High School
170 Paulison Avenue, Passaic, NJ 07055
9-120.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 131 Park Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/17/2025
Listed
$705,000
80.77%
MLS
7/24/2007
Sold
$390,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 131 Park Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,999
6%
$412,300
—
2022
$16,014
3%
$412,300
—
2021
$15,502
4%
$412,300
—
2018
$14,835
3%
$412,300
—
2017
$14,377
4%
$412,300
—
2016
$13,886
-8%
$412,300
—
2019
$15,160
23%
$412,300
153%
2015
$12,329
4%
$162,800
—
2013
$11,906
—
$162,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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131 Park Pl, Passaic, NJ 07055 (MLS# 3993105) is a Multi-Family property with 3 units containing 6 bedrooms and 4 full bathrooms. 131 Park Pl is currently listed for $705,000 and was received on October 17, 2025. This property is listed by Sharifa Damallie from our Fort Lee Office.Want to learn more about 131 Park Pl? Do you have questions about finding other Multi-Family real estate for sale in Passaic? You can browse all Passaic real estate or contact a Coldwell Banker agent to request more information.

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