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367 Monroe St

Passaic City, NJ 07055
  • $620,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 3949944
Price Reduced
UPDATED: 26 min ago
$620,000
  • 11
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

A versatile multi-family property featuring two spacious family units and a large third-level unit with tons of potential for additional living space or storage. Each unit includes 4 bedrooms, 1 bathroom, a kitchen with pantry, and a living room. The property boasts a large unfinished basement, a fenced backyard accessible from all units, and street parking. Utilities include separate electrical panels, two natural gas furnaces, and two water heaters, with common area electricity and water billed to the owner. Current rental income is $1,750 for Unit #1 and $1,650 for Unit #2, with the third unit previously rented for $1,200. Tenants have a lease just renewed in January 2025 and are aware of the listing currently for sale. The property passed lead inspections in January 2025, House is being sold "AS IS" Condition and is conveniently located near public transportation, shopping, restaurants, and schools. Don't miss this opportunity for great rental potential in a prime location!

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-04-22T07:46:01.587.
www.baerhomes.com/homes/161281617
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367 Monroe St Passaic City, NJ 07055

  • Price: $620,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 26 min ago
  • MLS #: 3949944
11
Beds
3
Baths
0
½ Baths
0.06
Acres
1900
Built
County:
Passaic
Area:
Passaic City
Property Description
A versatile multi-family property featuring two spacious family units and a large third-level unit with tons of potential for additional living space or storage. Each unit includes 4 bedrooms, 1 bathroom, a kitchen with pantry, and a living room. The property boasts a large unfinished basement, a fenced backyard accessible from all units, and street parking. Utilities include separate electrical panels, two natural gas furnaces, and two water heaters, with common area electricity and water billed to the owner. Current rental income is $1,750 for Unit #1 and $1,650 for Unit #2, with the third unit previously rented for $1,200. Tenants have a lease just renewed in January 2025 and are aware of the listing currently for sale. The property passed lead inspections in January 2025, House is being sold "AS IS" Condition and is conveniently located near public transportation, shopping, restaurants, and schools. Don't miss this opportunity for great rental potential in a prime location!
Exterior Features

Approximate Lot Size 29X87 Exterior Description Vertical Siding Garage Description See Remarks Number Of Parking Spaces 0 Parking Driveway Description See Remarks Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished-Partially Cooling See Remarks Heating See Remarks Total Number Of Rooms 15 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 0 Unit1 Room Description BedroomsKitchenLiving RoomPantry Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 4 Unit2 Fireplaces 0 Unit2 Levels 0 Unit2 Room Description BedroomsKitchenLiving RoomPantry Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 4 Unit3 Fireplaces 0 Unit3 Levels 0 Unit3 Room Description AtticBedroomsKitchen Unit3 Rooms 5 Unit3 Sq Ft 0

Property Features

Assessment Total 262600 Building Assessment 199000 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 63600 Net Operating Income 0 Sewer Public Sewer Tax Amount 10827 Tax Rate Amount 4.123 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 1750 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays Water Unit2 Rent 1650 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays Water Unit3 Rent 1200 Unit3 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Year Built Description Unknown

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-652-2316.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-04-22T07:46:01.587.
 
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