Date
Details
Price
Change
Source
9/18/2025
Listed
$1,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/50
$1,599,000
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1/50
Property Description
Property Website: https://lekker.hd.pics/48th-Ave Income-Producing 8-Unit Multifamily | Prime Passaic Location Introducing a fully renovated 8-unit multifamily property located at 48 8th Avenue in Passaic, NJ. Built in 1980 and extensively updated in 2025, this all-brick low-rise building offers 6,256 SF across three stories with a mix of (4) two-bedroom units and (4) one-bedroom units. The property is 100% occupied, with strong in-place income and additional upside through below-market rents. Tenants enjoy a fenced courtyard, laundry, and storage amenities in the basement, along with easy access to public transit and major highways. Utilities include separately metered electric and gas, providing efficiency for ownership. Situated on a 4,901 SF corner lot, this freestanding property benefits from high visibility and ample street parking. Recent renovations, solid construction, and professional landscaping ensure long-term durability and tenant appeal.
Full Property Details
Full Property Details for 48 8th Ave
General
- Price: $1,599,000
- Taxes: $20,680
- Status: Active
- Type: Commercial Multi-Family
- Source: NJMLS
- MLS ID: 25033281
- Updated: 10/4/2025
- Added to Site: 120 day(s) ago
Location
- Area: Passaic
- County: PASSAIC
Structural Information
- Architectural Style: 5+Family
- Roof: Flat, Other (See Remarks)
- Year Built: 1980s, 2010s, Renovated
Financial Considerations
- Tax Amount: $20,680
- Owner Pays: Common Area, Gas, Water
Listed by Keller Williams City Views Realty (201) 592-8900, Bruce Elia, Jr. (201) 917-5884
We Value Your Privacy
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Listing agent
— 48 8th Ave —
Bruce Elia, Jr.
Keller Williams City Views Realty
201-917-5884
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 48 8th Ave
School District:Passaic City School District
| Name | Grades | Distance |
|---|---|---|
Passaic High School 170 Paulison Avenue, Passaic, NJ 07055 | 9-12 | 0.8 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 48 8th Ave
Tax History
Tax History for 48 8th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$22,676
6%
$550,000
—
2022
$21,362
3%
$550,000
—
2021
$20,680
5%
$550,000
—
2018
$19,789
-7%
$550,000
-10%
2017
$21,393
4%
$613,500
—
2016
$20,663
62%
$613,500
264%
2015
$12,753
-37%
$168,400
-69%
2019
$20,224
62%
$550,000
227%
2014
$12,519
—
$168,400
—
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 48 8th Ave
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- Commercial Lease
- Active
Listed by Coccia Realty Better Homes & Gardens-Rutherford
- Multi-Family
- Active
- Updated 1 day ago
- 8Total Beds
Listed by Howard Hanna Rand Realty
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- Townhouse
- Active
- Updated 3 days ago
- 2Beds
- 3Total Baths
Listed by Iskender "Alex" Yesilyurt (201) 461-5000 x2075
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 1Total Bath
Listed by Exp Realty, Llc
- Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
Listed by Exp Realty, Llc
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- Single Family
- Closed
- 5Beds
- 5Total Baths
Listed by Christie's International Real Estate Group-Paramus
Sold by EXP Realty, LLC
Sold by EXP Realty, LLC
- Commercial Multi-Family
- Closed
Listed by Prominent Properties Sotheby's International Realty-Tenafly
Sold by LPT Realty
Sold by LPT Realty
48 8th Avenue, Passaic, NJ 07055 (MLS# 25033281) is a Commercial Multi-Family property. 48 8th Avenue is currently listed for $1,599,000 and was received on September 18, 2025. Want to learn more about 48 8th Avenue? Do you have questions about finding other Commercial 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.