For Multi Family

224 Union Ave,Paterson City, NJ 07502-4115

October 20, 2025

This is a great business opportunity in the heart of Paterson, A convenience store and fully operational in a high-visibility, high-traffic location at 224 Union Ave next to a school. This is a mixed used property with a storefront,it has two units on the second floor (one apt with two bedrooms and one with 1 bedroom). It also has 4 rooms in the basement. The property was fully renovated two years ago.The sale includes a store,fixtures, inventory and the building including two apartments. This business generates good income,a turnkey opportunity for entrepreneurs or investors looking to expand, a great chance for improvement.

Property ID:PT-5329264-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,199,999 $

Bedrooms:7

Year Built:1960

Listing Details

Status: Active

Location

County: Passaic

Lotsize: 25 X 102

Lot Identifier: 2

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished, Full

Acreage: 0.06

Total Baths: 4.10

Unit Style: 2-Two Story

Number of Units: 3

Rooms: 10

Easement/Desc: No

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle

Possesion: at closing

Unit 1 Appliances/Equipment: CarbMDet,CookElec

Unit 1 Levels: 1

Unit 1 Rooms: 2

Unit 1 Beds: 1

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 2 Appliances/Equipment: CarbMDet,CookGas

Unit 2 Levels: 2

Unit 2 Rooms: 3

Unit 2 Beds: 1

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Rent: 1650

Unit 2 Room Description: Bedrooms, Eat-In Kitchen

Unit 2 Security Deposit: 1650

Unit 3 Appliances/Equipment: CookGas

Unit 3 Levels: 3

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 800

Unit 3 Rent: 1800

Unit 3 Room Description: Bedrooms, Family Room

Unit 3 Security Deposit: 1800

Block Identifier: 1313

County Number: 25

Town Number: 2508

YB/Desc: 1960 - Approximate

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 1313

County Number: 25

Town Number: 2508

Possession: at closing

Utilities

Heat Source: Gas-Natural

Heat System: Baseboard - Cast Iron, Baseboard - Electric

Cool System: None

Water: Public Water

Sewer: Public Available

Utilities: All Underground, Gas In Street, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 2508-01313-0000-00002-0000-

Tax Amount: $13,776.00

Tax Year: 2024

Tax Rate: 5.095%

Tax Rate Year: 2024

Land Assessment: $73,700.00

Building Assessment: $196,700.00

Total Assessment: $270,400.00

FHA Age Restricted: No

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Listing Details

224 Union Ave,Paterson City, NJ 07502-4115

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