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$899,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 4 hours ago
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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.

Full Property Details for 247 Hope Ave

General

  • Price: $899,000
  • Taxes: $15,503 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4050592
  • Updated: Today (9/4/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 19

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Location

  • County: Passaic
  • Driving Directions: Center or Harrison to Hope

Heating & Cooling

  • Cooling Type: 2 Units, Central Air Conditioning
  • Heating Type: 2 Units, Forced Hot Air
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

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

Structural Information

  • Architectural Style: See Remarks, Under/Over
  • Exterior Const.: See Remarks
  • Basement: Yes
  • Basement Desc.: Finished, Walk-Out
  • Roof: Asphalt Shingles
  • Year Built: 2025

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks, Storage
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 5

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Dimensions: 75 x 125
  • Driveway/Sidewalk: On-Street Parking

Financial Considerations

  • Assessment Amount: $272,100
  • Land Assmt: $92,000
  • Tax Amount: $15,503
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 4098
  • Lot Number: 27
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 247 Hope Ave —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 247 Hope Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2026
Listed
$899,000
214.34%
MLS
5/25/2016
Sold
$286,000
—
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 247 Hope Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,503
10%
$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.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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247 Hope Ave, Passaic, NJ 07055 (MLS# 4050592) is a Multi-Family property with 2 units containing 8 bedrooms and 4 full bathrooms. 247 Hope Ave is currently listed for $899,000 and was received on September 04, 2026. This property is listed by Pina Nazario from our Clifton Office.Want to learn more about 247 Hope Ave? 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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