Attention Investors and First-Time Buyers! Don't miss this incredible opportunity to own a legal 3-unit property and live virtually rent-free while generating rental income. This well-maintained property features all separate utilities, a finished basement, and spacious apartments with 3 bedrooms on the first and second floors. The third-floor apartment offers 1 bedroom, providing additional rental potential. The first-floor unit is vacant, making it ideal for an owner-occupant or immediate rental. Additional highlights include a large backyard, a roof that is only 2 years old, and a convenient location close to shopping, public transportation, schools, and major highways. Excellent investment opportunity with strong income potential. Easy to show! Owner holds NJ Real Estate License
393 Madison Ave, Paterson City NJ 07524-2620
Property City
Paterson City
Property Price
$689,900
Bedrooms
7
Year Built
1940
Tax Annual Amount
$11406
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.07
MLS Status
Active
MLS #
4035798
Yearly Tax Rate
5.335
Year Built (*numeric)
1940
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
4
Basement (*text)
Yes
Cooling (*text)
3 Units
GarageSpaces
0
Heating
3 Units, Radiators - Hot Water
Lot Size Dimensions
30X100
Data import from
GSMLS