Listing Details

384 River St,Paterson City, NJ 07524-2216

  • February 9, 2026

Description

First time in the market, this fabulous 8 units mix-use property consisting of 4-2 bedrooms 2nd floor residential units in great condition, built approx. 1995 with modern/open layouts, LR, Kitchens, 2 spacious bedrooms and bath, all separate utilities and gas baseboard heat (RENTS are under Mkt Value and currently M2M at $1200 EACH), the ground floor consists of 4 shops (Unit#1 currently for rent at $2,000 a month consisting of approx 2000SQF formerly used as an upholstery shop with overhead 12′ door), Unit#2: a Karate/Gym with office and 2nd floor room with restrooms rented at $1650, Unit#3: Tire-Shop currently $1,280, and Unit#4 Auto Repair $1680. Property is very well maintained and in good condition consisting of 2 lots (384-386 River St – Parking for tenants, and 386-390 River St ).This building is very well-maintained, in a convenient location of Paterson, close to shopping, NYC transp and most area’s highways.

Details

Last Updated On: February 9th, 2026 at 12:43 pm
Property ID:PT-27745428-AXZR
Offer Type:For Sale
Property Type:Apartment Complex
Price: 1,500,000 $
Year Built:1930

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 40X74,40x72
Lot Description: Level Lot
Property Type: Apartment Complex, Mixed Use
Available: Immediately
Lot Identifier: 2

Home Details

Location: Business District
Acreage: 0.07
Sale Includes: Building Only
Renovated: 1995
Construction: Formed Concrete, Wood
Exterior Description: Aluminum,Concrete
Roof Description: Flat, Rubberized
Number of Garage Spaces: 6
Number of Stories: 2
Number of Units: 8
Number of Lavatories: 5
Max Ceiling Height: 13
Max Door Height: 11
Floors: Concrete, Tile, Wood
Available Parking Spaces: 6
Color of Building: Tan
Parking Desc: 2 Car Width, Blacktop, Off-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Unfinished
Tenant Pays: Electric, Gas, Heat, Hot Water
YB/Desc: 1930 - Approximate
Block Identifier: 2902
County Number: 25
Town Number: 2508
Possession: 30

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Financial Statement, Income & Expenses
Lease Info: 1 Year Minimum
Ownership: Fee Simple
Tax ID For Property: 2508-02902-0000-00002-0000-
Tax Amount: $28,022.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $37,100.00
Building Assessment: $512,900.00
Total Assessment: $550,000.00

Utilities

Equipment Available: Appliances, Fire Alarm, Restrooms - Private, Smoke Detector
Heat Source: Gas-Natural
Heat System: 4+ Units
Cool System: Wall A/C Unit(s)
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground
Services: Cable TV Available

Other

Permitted Use: Commercial/Residential
Zoning: NA

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