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!
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
2
Basement (*text)
Yes
Cooling (*text)
3 Units
GarageSpaces
0
Heating
3 Units, Radiators - Hot Water
Lot Size Dimensions
30X100
Data import from
GSMLS