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Patrick Taylor
(973) 557-1528 ptaylorhomes99@gmail.com
  • 293 Route 94
    Vernon, NJ 07462
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Home / Passaic City / 196 Madison St
196 Madison St Passaic City, NJ 07055 196 Madison St Passaic City, NJ 07055 196 Madison St Passaic City, NJ 07055 196 Madison St Passaic City, NJ 07055 196 Madison St Passaic City, NJ 07055 196 Madison St Passaic City, NJ 07055 View All Photos

$850,000

| Active

196 Madison St

Passaic City, NJ 07055

0.11
Acres
17
Days on Market
4035520
MLS#
Condo
Structure
Residential
Zone
Contact

An exceptional, turnkey cash-flow opportunity in the heart of Passaic, this building consists of two one-bedroom apartments and 9 - rent rooms. It is fully licensed by the New Jersey Department of Community Affairs (NJDCA) as a rooming house, offering an investor immediate scale in a high-demand rental market.The asset was completely stabilized during a massive, top-to-bottom $500,000+ total renovation in 2020. This down-to-the-studs modernization encompassed all-new heating, electrical, and plumbing systems, alongside a new roof, windows, siding, flooring, and structural stairs. This entirely updated infrastructure ensures strict regulatory compliance while significantly lowering projected capital expenditures and operational maintenance for years to come.The two one-bedroom apartments have their own bathrooms and kitchens. The nine rent rooms share two bathrooms and a dedicated kitchenette area featuring a sink, countertop, and microwave. A full, unfinished basement houses the upgraded utilities and provides ample space for maintenance storage.Licensed rooming houses of this caliber and pristine physical condition are rarely available in the North Jersey market. With the heavy lifting of the renovation already complete, the next owner can focus entirely on optimizing the asset's substantial revenue potential.

Property Details
Cooling
3 Units
Heating
3 Units
Heating Source
Gas-Natural
Cooling Features
3 Units
Lot Features
Corner
Stories
3
Exterior Materials
Vinyl Siding
Acres
0.11
Lot Size
45X105
Property Type
Purchase
Basement
1
Basement Description
Full, Unfinished
Year Built
1930
Roof
Asphalt Shingle
Sewer Information
Public Sewer
Utility Features
Electric, Gas-Natural
Water
Public Water
Services
Cable TV Available, Internet Available
County
Passaic
Region
Passaic City
Zoning
R-3
Ownership
Fee Simple
MLS #
4035520
Property Subtype
Apartment Complex
Parcel Number
2507-04123-0000-00045-0000-
MLS #
4035520
Date Listed
June 17, 2026
Ownership Type
Fee Simple
Address
196 Madison St
Location
Legal

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Provided By
Listed by RIGOBERTO SANCHEZ (#239148)
Listing Office: COREY J SCHNEIDER (#3400)

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