For Sale29d on market
247 Hope Ave AKA 251
Passaic, NJ, 07055 • 07055 • Passaic County
$849,999
Down payment assistance available
8Beds
4Baths
0.22 acLot
2025Built
This home is getting attention
Listed 29 days ago · 1,536 views · 43 saves
Market activity
Demand and pricing signals for this listing
1,536 views
People checking out this listing
43 saves
Buyers have saved this home
29 days on market
Recently listed
About this home
Multi Family · Built 2025
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.
Standout features identified
Our analysis highlights desirable setting, generous lot size, and very large two-family home as key attractions of this home.
Estimated monthly payment
Based on current rates
$5,328/month
Principal & Interest$4,194
Property Tax$850
Insurance$283
Down payment20% ($170,000)
3%50%
Est. 6.27% rate · 30yr fixed · $679,999 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built2025
Heating2 Units, Forced Air, Natural Gas
Cooling2 Units, Central Air
ParkingSee Remarks
Days on Zillow29 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Year built2025
Systems
Heating2 Units, Forced Air, Natural Gas
Cooling2 Units, Central Air
RoofSee Remarks
ConstructionSee Remarks
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingSee Remarks
BasementYes,Finished
Lot9,583 sqft
Location & Tax
Neighborhood07055
Annual tax$15,011
Parcel0704098000000027
Bathrooms & Fees
Full baths4
Features & details
8 categories of property features
Interior Features
Interior
Bedrooms
Eat-in Kitchen
Living Room
See Remarks
Storage
Eat-In Kitchen
Appliances
Range/Oven - Gas
Refrigerator
Gas Water Heater
Heating
2 Units
Forced Air
Natural Gas
Cooling
2 Units
Central Air
Exterior Features
Parking
See Remarks
Construction
See Remarks
Utilities
Electricity Connected
Natural Gas Connected
Gas
Gas-Natural
Listing insights
Market data and value estimates
StatusFor Sale
Days on market29
Est. value$864,000
Est. rent$2,294/mo
Tax rate2.28%
On marketMar 12, 2026
PostedMar 12, 2026
Last sold$286,000
MLS statusActive
MLS updatedMar 12, 2026
Tour days9
Views1,536
Favorites43
How are the schools in Passaic?
3 schools rated nearby
Location
Passaic, NJ, 07055
Price history
6 events
DateEventPrice$/sqftSource
Mar 12, 2026Listed For Sale$849,999—GSMLS
Feb 20, 2026Listing Removed$849,999—GSMLS
Feb 13, 2026Listed For Sale$849,999—GSMLS
Feb 13, 2026Listing Removed$849,999—GSMLS
Sep 2, 2025Listed For Sale$849,999—GSMLS
Jul 11, 2016Sold$286,000—Public Record
Listed For Sale$849,999
Mar 12, 2026•GSMLS
Listing Removed$849,999
Feb 20, 2026•GSMLS
Listed For Sale$849,999
Feb 13, 2026•GSMLS
Listing Removed$849,999
Feb 13, 2026•GSMLS
Listed For Sale$849,999
Sep 2, 2025•GSMLS
Sold$286,000
Jul 11, 2016•Public Record
Tax history
24 years of records
YearTax paidAssessed value
Apr 11, 2025$15,012$364,100
Apr 11, 2024$14,579$364,100
Apr 11, 2023$14,579$364,100
Apr 11, 2022$14,025$364,100
Apr 11, 2021$13,690$364,100
Apr 11, 2020$13,388$364,100
Apr 11, 2019$13,100$364,100
Apr 11, 2018$12,696$364,100
Apr 11, 2017$12,013$364,100
Apr 11, 2016$12,056$364,100
Apr 11, 2015$11,830$162,500
Apr 11, 2014$11,634$162,500
Apr 11, 2012$11,198$162,500
Apr 11, 2011$11,126$162,500
Apr 11, 2010$9,917$162,500
Apr 11, 2009—$162,500
Apr 11, 2008—$162,500
Apr 11, 2007—$162,500
Apr 11, 2006—$162,500
Apr 11, 2005—$162,500
Apr 11, 2004—$162,500
Apr 11, 2003—$162,500
Apr 11, 2002—$162,500
Apr 11, 2001—$162,500
Nearby homes
Neighborhood details
Local context around this listing
Passaic, NJ • Passaic County
Nearby neighborhoods
Eastside PassaicPassaic Park
Nearby cities
CliftonHawthorneLittle FallsPassaicPatersonRingwoodWanaqueWayne
Nearby zip codes
07055
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