127 Parker Ave | Passaic City

$1,400,000 | 6 Baths (6 Half) | 3,792 Sq. Ft.

Fully occupied and recently updated, this 6-unit commercial apartment building delivers immediate cash flow with room for growth. Featuring five spacious 2-bedroom units and one 1-bedroom unit, plus six basement storage units for additional rental income, this property is designed for strong returns. Five of the six apartments have been renovated, attracting quality tenants and reducing maintenance costs. Located in the heart of Passaic with easy access to Route 21, Route 3, I-80, and NYC, the property sits in a high-demand rental market with minimal vacancy. Tenants enjoy proximity to major retailers like Home Depot, grocery stores, dining, public transportation, and essential services. With a current 6.7% cap rate and bonus income potential from storage rentals, opportunities like this are rare in today's market. Act quickly " this income-producing asset will move fast. GSMLS 3980553

Directions to property: Howard Ave to Park Ave

MLS Listing ID: 
GSMLS 3980553
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1900
Living Area: 
3,792
Basement: 
Bilco-Style Door
Construction
Construction Materials: 
Wood
Roof: 
Flat
Exterior: 
Vinyl Siding
Energy Information: 
Electric, Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
Radiant - Electric, Radiators - Hot Water
Heating System Fuel: 
Gas-Natural
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Dimensions): 
30X104
Waterfront: 
0
Lot Features
Driveway: 
On-Street Parking
Parking Type: 
On-Street Parking
Public Record
Parcel Number: 
2507-04064-0001-00048-0000-
Lot Number: 
48
Annual Tax: 
$8,509.00
Property Zoning: 
R-3
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
8/11/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
Flexible
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
PROMINENT PROPERTIES SIR