For Multi Family

523 Park Ave,Paterson City, NJ 07504-1533

November 6, 2025

**LOW TAXES–4895**Mixed-Use Building Offers Fantastic Income Potential And Is Situated On A Corner Lot For Maximum Visibility And Accessibility. Each Residential Unit Features 5 Bedrooms, New Kitchen, Living Rm And Updated Bath. Perfect For Large Households Or High-Yield Rental. First Floor Is A Commercial Space With Street-Level Access For Office Or Service Based Business. Large Unfinished Basement. Excellent Exposure On A Busy Corner With Plenty Of Foot Traffic. Updated Interiors Reduce Maintenance Costs. Mixed-Use Zoning Offers Flexibility And Long-Term Value. Easy Access To Highways, Transportation, Shopping & Local Amenities. Two New Furnaces & 2. New Stoves to Be Installed

Property ID:PT-9235824-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 879,900 $

Bedrooms:10

Year Built:9999

Listing Details

Status: Active

Location

County: Passaic

Lotsize: 25 X 71

Lot Identifier: 10

Lot Description: Corner

Lot Identifier: 10

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.04

Total Baths: 2.10

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 15

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Possesion: 0-30. Days

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 1

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Room Description: Utility Room

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 7

Unit 2 Beds: 5

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 3 Levels: 3

Unit 3 Rooms: 7

Unit 3 Beds: 5

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Block Identifier: 8605

County Number: 25

Town Number: 2508

YB/Desc: 9999 - Approximate

Easement: Unknown

Parking/Driveway Description: On-Street Parking

Block Identifier: 8605

County Number: 25

Town Number: 2508

Possession: 0-30. Days

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units

Water: Public Water

Sewer: Public Sewer

Schools

High School: EASTSIDE

Taxes, Fees & Assessments

Tax ID For Property: 2508-08605-0000-00010-0000-

Tax Amount: $4,895.00

Tax Year: 2030

Tax Rate: 5.095%

Tax Rate Year: 2025

Land Assessment: $48,800.00

Building Assessment: $44,400.00

Total Assessment: $93,200.00

FHA Age Restricted: No

Other

Zoning: B-1

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Listing Details

523 Park Ave,Paterson City, NJ 07504-1533

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