1. New Jersey
2. Passaic
3. 127 Parker Avenue

127 Parker Avenue, Passaic, NJ 07055

Property Description

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.

Listing Status:

Active

Date Added:

August 8, 2025 at 05:00AM

Listing Office:

Prominent Properties Sotheby's International Realty-Tenafly : 201-568-5668

Listing Agent:

Jason Pierce : 201-397-5888

MLS ID:

25028212

Construction

• Roofing: Flat

Location

This listing courtesy of Jason Pierce, Prominent Properties Sotheby's International Realty-Tenafly