$575,000

56 Federal St Passaic, NJ 07055

$6,828
Closing credit¹
6 beds
2 full
Multi-Family

Property details

About 56 Federal St

LOCATION, LOCATION, LOCATION!!!! Attention Investors: Don't miss the opportunity to acquire a cash-flowing multi-unit property in a highly sought-after area in Passaic, NJ. Located just one block from Main Street, this property offers convenient access to NYC transportation. Each unit features 3 bedrooms, 1 bathroom, living/dining area and kitchen. The property is being sold "AS IS"

Highlights

Home typeMulti Family
StatusActive
MLS #25015990

Virtual tour

Summary

  • Full Bathrooms: 2
  • Total Bedroom Count: 6
  • List Price: $575,000
  • Annual Tax Amount: $7,003
  • Tax Year: 2024
  • MLS Number: 25015990
  • Office Name: Redfin Corporation
  • Office Phone: (609) 216-7035
  • Listing Agent: Leidi Zuluaga

IDXDisclaimer: 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 Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 11:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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56 Federal St, Passaic, NJ 07055 - view of front of home with a balcony and fence

$575,000

56 Federal St

$6,828

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 03, 2024
Home Sold
$500,000
Mar 10, 2015
Home Sold
$140,000

Tax history

YearAssessmentProperty Tax
2024$174,900$7,003
2022$174,900$6,793
2021$174,900$6,576
2020$174,900$6,431
2019$174,900$6,292

History based on county public records data.

Nearby schools

5

School #17

Public District PK-5

0.3 mi

361 Lexington Ave

4

School #15

Public District PK-5

0.5 mi

700 Gregory Ave

3

School #12

Public District PK-5

0.5 mi

165 Clifton Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $73,684. Residents of Passaic, NJ typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

29%
<35k
45%
35k-100k
24%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

35%
Single, No Kids
16%
Single, with Kids
22%
Married, No Kids
27%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • H&MH&M
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • PopeyesPopeyes
  • White CastleWhite Castle

What do the neighbors drive?

  • DodgeDodge
  • NissanNissan
  • KiaKia

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 56 Federal St

The listing price of 56 Federal St property is $575,000.

The property 56 Federal St is a multi located in Passaic, New Jersey, 07055.

Active Listing: 56 Federal St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 56 Federal St are: School #17 (GreatSchools Rating 5/10), School #15 (GreatSchools Rating 4/10), School #12 (GreatSchools Rating 3/10), Daniel F. Ryan Elementary School No. 19 (GreatSchools Rating 3/10), William B. Cruise Memorial School No. 11 (GreatSchools Rating 3/10), Classical Academy Charter School of Clifton (GreatSchools Rating 6/10), Passaic Academy for Science and Engineering (GreatSchools Rating 7/10), Passaic Preparatory Academy (GreatSchools Rating 3/10), Passaic Arts and Science Charter School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2024 is $7,003 (source: MLS/based on county public records data).

The last sale was on September 3, 2024 for $500,000 (source: MLS/tax record).

This home is located at 56 Federal St in Passaic, NJ and zip code 07011. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $575,000.

Between April and May 2025, Passaic, NJ real estate market has seen increase in the number of listings by 16.4%. The median list price of listings available in May 2025 was $564,900, while the average time on the real estate market was 85 days.

From Rocket Homes Real Estate and based on county public records data.

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