284 Summer St Passaic, NJ 07055
Estimated payment $9,050/month
Highlights
- Deck
- High Ceiling
- Walk-In Closet
- Marble Flooring
- Gazebo
- Window Unit Cooling System
About This Home
2-family investment opportunity in Passaic, NJ, perfect for investors or first-time buyers seeking strong rental income. This extraordinary oversized property features a beautifully maintained two-family home that blends modern design with everyday comfort, ideal for buyers looking for built-in rental assistance to help offset mortgage costs. The entire home, including the attic and basement, has been newly renovated, offering fresh, move-in-ready spaces throughout. Unit 1 offers 2 bedrooms, 1 full bathroom, a formal living room, dining room, a beautifully updated kitchen, and a sturdy spiral staircase leading to a full finished basement for added functional space. Unit 2 includes 3 bedrooms, 1 full bathroom, and a spacious living room, while the finished attic provides 2 additional rooms and 3 large closets for valuable bonus space. The huge lot includes 6 outdoor parking spaces and a remarkable 7-car garage that can fit up to 12 vehicles, ideal for car collectors, contractors, or additional rental income. The property is exceptionally clean and well-kept, featuring generous outdoor space, a brand-new patio, and a new roof. Current rent is below market value, offering immediate upside for investors. Located in a prime area of Passaic, it is close to public transportation, parks, schools, shopping, places of worship, and offers easy access to major highways and NYC transportation. DON'T MISS THIS RARE GEM!!
Listing Agent
ISHALI NARULA
WEICHERT REALTORS Brokerage Phone: 862-324-2423 Listed on: 12/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,661
Year Built
- Built in 1930 | Remodeled
Lot Details
- 9,148 Sq Ft Lot
- Privacy Fence
- Fenced
- Level Lot
Parking
- 7 Car Garage
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- Dry Bar
- High Ceiling
- Chandelier
- Marble Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 7 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
Outdoor Features
- Deck
- Gazebo
Utilities
- Window Unit Cooling System
- Central Air
- Multiple Heating Units
- Hot Water Baseboard Heater
- Standard Electricity
Community Details
- Net Operating Income $93,900
Listing and Financial Details
- Assessor Parcel Number 2507-02190-0000-00020-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,662 | $307,100 | $96,800 | $210,300 |
| 2024 | $12,296 | $307,100 | $96,800 | $210,300 |
| 2022 | $11,928 | $307,100 | $96,800 | $210,300 |
| 2021 | $11,547 | $307,100 | $96,800 | $210,300 |
| 2020 | $11,458 | $307,100 | $96,800 | $210,300 |
| 2019 | $11,292 | $307,100 | $96,800 | $210,300 |
| 2018 | $11,049 | $307,100 | $96,800 | $210,300 |
| 2017 | $10,709 | $307,100 | $96,800 | $210,300 |
| 2016 | $10,343 | $307,100 | $96,800 | $210,300 |
| 2015 | $11,640 | $153,700 | $61,400 | $92,300 |
| 2014 | $11,426 | $153,700 | $61,400 | $92,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2026 02/08/26 | Price Changed | $1,499,000 | -6.3% | -- |
| 12/01/2025 12/01/25 | For Sale | $1,599,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $155,000 | -- | |
| Deed | $83,500 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $139,500 | No Value Available | |
| Previous Owner | $98,355 | No Value Available |
Source: Garden State MLS
MLS Number: 3999758
APN: 07-02190-0000-00020
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Ask me questions while you tour the home.