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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 / 97 Jefferson St
97 Jefferson St Passaic City, NJ 07055 97 Jefferson St Passaic City, NJ 07055 97 Jefferson St Passaic City, NJ 07055 97 Jefferson St Passaic City, NJ 07055 97 Jefferson St Passaic City, NJ 07055 97 Jefferson St Passaic City, NJ 07055 97 Jefferson St Passaic City, NJ 07055 View All Photos

$1,250,000

| Active

97 Jefferson St

Passaic City, NJ 07055

0.08
Acres
5
Days on Market
4035509
MLS#
Condo
Structure
Residential
Zone
Contact

An exceptional, turnkey cash-flow opportunity in the heart of Passaic, this 18-room rooming house is fully licensed by the New Jersey Department of Community Affairs (NJDCA), 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 2019. 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.Optimized across three distinct living levels, the building features an efficient, high-density layout: First Floor: 5 rooms, Second Floor: 5 rooms, Third Floor: 8 rooms. Each floor is equipped with its own shared bathroom 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
Floors
See Remarks
Cooling
See Remarks
Heating
1 Unit
Heating Source
Gas-Natural
Cooling Features
See Remarks
Lot Features
Corner
Exterior Materials
Vinyl Siding
Acres
0.08
Lot Size
37X100
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
Internet Available
County
Passaic
Region
Passaic City
Zoning
R-3
Ownership
Fee Simple
MLS #
4035509
Property Subtype
Apartment Complex
Parcel Number
2507-01085-0000-00020-0000-
MLS #
4035509
Date Listed
June 17, 2026
Ownership Type
Fee Simple
Address
97 Jefferson 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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