5+ Mixed Use For Sale in Garfield, NJ
MLS# : 25009473
PROPERTY DETAILS
PROPERTY DESCRIPTION
Situated in Garfield’s redeveloped sought-after “Restaurant Row†district, 55 Passaic St. is a fully leased four-unit mixed-use property featuring two commercial units and two residential units (one-bedroom and two-bedroom). The property underwent a full renovation in 2018, including new appliances, ensuring modern functionality and appeal. Additional features include a shared backyard and a semi-finished basement as an addition to the front commercial unit. This property is just one block from the train station and offers easy access to the Parkway, Route 46, and Route 80. This is a rare opportunity to acquire a well-maintained, income-generating asset in a high-demand area. Property is located in an opportunity zone and is sold as-is. Owner holds a New Jersey Real Estate License.
Amenities
This listing is a courtesy of Keller Williams City Life Realty
201-659-8600 office, listing agent Nadiyah Hall
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
About Garfield, NJ Real Estate Market
The journey of the formation of Garfield as an independent town began in 1873 when it was known as East Passaic. In 1881, the town was renamed Garfield to pay honour to one of the presidents of the United States of America, James Garfield. When James Garfield died in 1881, a train station in East Passaic got named after him, which eventually became the name of the whole town.
The expansion of Garfield as a city began in 1898 by including portions of the Saddle River Township and Wallington together. The boundaries of the town got defined under an act introduced by New Jersey Legislature. The official naming of the town as Garfield happened in 1917 based on a referendum.
Garfield shares its boundaries with a few other boroughs like Saddle Brook, Elmwood Park and South Hackensack. A few prominent places of interest located in Garfield are Dundee Dam, Plauderville, Dahnert’s Lake County Park and Bogart Heights.
| Population: | 30,487 |
| Total Housing Units: | 11,877 |
| Single Family Homes: | 5,468 |
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
| Compare To Other Towns |
Garfield Market Indicators
PRICE INDEX
| Average Price* (12mo): | $532,429 |
| Homes Sold* (12mo): | 46 |
SINGLE FAMILY HOME SALES
Garfield, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
Similar Listings in Garfield
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
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All information deemed reliable but not guaranteed. Last date updated: 04/02/2025 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2025 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
