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$849,999
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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.
Full Property Details
Full Property Details for 247 Hope Ave
General
- Price: $849,999
- Taxes: $15,011
- Status: Active
- Type: Duplex
- Source: NJMLS
- MLS ID: 26004967
- Updated: 3/12/2026
- Added to Site: 49 day(s) ago
Interior
- Number of Rooms: 19
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: See Remarks
Location
- Area: Passaic
- County: PASSAIC
Utilities
- Utility Description: Sep Elec, Sep Gas, Sep Heat, Sep Water
Structural Information
- Architectural Style: 2 Family
Financial Considerations
- For Sale: Yes
- For Sale/Rent/Lease: For Sale
- Tax Amount: $15,011
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 247 Hope Ave
School District:Passaic City School District
| Name | Grades | Distance |
|---|---|---|
Number 10, Roosevelt Elementary School 151 Harrison Street, Passaic, NJ 07055 | PK-8 | 0.2 mi |
Passaic High School 170 Paulison Avenue, Passaic, NJ 07055 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 247 Hope Ave
Date
Details
Price
Change
Source
2/13/2026
Listed
$849,999
197.2%
MLS
5/25/2016
Sold
$286,000
—
Public Record
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
Tax History for 247 Hope Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,012
6%
$364,100
—
2022
$14,142
3%
$364,100
—
2021
$13,690
2%
$364,100
—
2019
$13,388
2%
$364,100
—
2018
$13,100
3%
$364,100
—
2017
$12,696
4%
$364,100
—
2016
$12,263
2%
$364,100
124%
2015
$12,056
1%
$162,500
—
2013
$11,884
—
$162,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 247 Hope Ave
247 Hope Avenue, Passaic, NJ 07055 (MLS# 26004967) is a Duplex property with 8 bedrooms and 4 full bathrooms. 247 Hope Avenue is currently listed for $849,999 and was received on February 13, 2026. This property is listed by Pina Nazario from our Clifton Office.Want to learn more about 247 Hope Avenue? Do you have questions about finding other Duplex real estate for sale in Passaic? You can browse all Passaic real estate or contact a Coldwell Banker agent to request more information.


