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Triple Net Mixed-Use Income Property

$1,600,000

962 Main Ave, Passaic, NJ 07055

Active
Last Updated: 04/03/2026

6.76

Cap Rate

108,207.39

NOI

Details:
Cap Rate:    6.76%
NOI:    $108,207.39
Building Size:    8,600 sqft
Lot Area:    0.072 acres
Occupancy:    100%
Units:    6
Year Built:    1960
Floors:    3
Parking Spots:    3
Highlights:
  • 8,600 SF high-rise building
  • Constructed in 1960
  • Zoned C-R
  • Located in Northern New Jersey
  • Fully occupied at 100%
Description:

Introducing a prime investment opportunity in Northern New Jersey, this 8,600 SF high-rise multifamily property, built in 1960, boasts a desirable 100% occupancy rate. Zoned C-R, the building offers an attractive mix of modern amenities and timeless charm. With a strategic location in the thriving Northern New Jersey area, this property presents a compelling prospect for the multifamily/high-rise investor seeking a well-established, fully occupied asset in a sought-after market. Don't miss the chance to add this remarkable property to your portfolio and capitalize on its strong rental income potential and promising future growth.

Located in Passaic, Northern New Jersey, the area surrounding the property offers a vibrant mix of urban convenience and suburban charm. With easy access to major highways and public transportation, it provides an ideal location for residents seeking connectivity and accessibility. Nearby points of interest include the renowned nearby schools, popular shopping centers, and diverse dining options, adding to the area's allure. For the discerning multifamily/high-rise investor, this dynamic and diverse market presents a prime opportunity to tap into the growing demand for modern, well-connected living spaces in the region.

Map:
Documents:
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