247 Hope Ave Aka 251, Passaic, NJ 07055

Local realty services provided by:Better Homes and Gardens Real Estate Green Team
247 Hope Ave Aka 251,Passaic City, NJ 07055
$849,999
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: pina nazario
Office: coldwell banker realty
MLS#:4009662
Source:NJ_GSMLS

Price summary

  • Price:$849,999

About this home

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.

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Home facts

  • Year built:2025
  • Listing ID #:4009662
  • Added:1 day(s) ago
  • Updated:February 14, 2026 at 12:12 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Cooling:2 Units, Central Air
  • Heating:2 Units, Forced Hot Air

Structure and exterior

  • Year built:2025
  • Lot area:0.22 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$849,999
  • Tax amount:$15,011 (2024)
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated February 14, 2026

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