474 10Th Ave, Paterson City NJ 07514-2763

$2,000,000
Active
Paterson City

About this home

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.

Taxes & fees

Annual property tax
$2,048
Tax year
2025
Tax rate
5.335

Property details

Year Built
2022
Roof (*text)
Flat
Lot Size Area
0.11
MLS #
4037286

Features & amenities

Year Built (*numeric)
2022
Basement
No
Roofing (*text)
Flat
Days on market
69
Basement (*text)
No
Cooling (*text)
Central Air
Heating
Forced Hot Air
Lot dimensions
50X98
Property Location

40.92347, -74.14468

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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