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355 Madison St
Passaic, NJ 07055

Price Upon Request

Apartments For Sale  •  5,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,000 SF
  • Lot Size 0.07 AC
  • Building Class C
  • Year Built 1950
  • Zoning R-3
50 Transit Score
100 Walk Score

Highlights

Fully stabilized 6-unit multifamily with strong in-place income.
Diverse unit mix of 2- and 3-bedroom layouts.
Section 8 tenancy with scheduled rent increases in 2026.
Located near NJ Transit, shopping, and schools.
7.57% cap rate with upside through rent repositioning.
Green Card up to date, ensuring code compliance.

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Smoke Free
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Passaic (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 3 min - 1.2 mi
Clifton (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 1.8 mi
AirportDriveWalkDistance
Newark Liberty International 21 min - 15.9 mi
LaGuardia 41 min - 23.1 mi
John F Kennedy International 52 min - 30.5 mi