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399 E 28th Street

Paterson City , NJ 07514

MLS#: 4003256

$1,400,000

Status: Active
Listing number: 4003256
Listing provided by: REALTY OF AMERICA
Listing agent phone: None
Last update: 13 days ago
On site: 13 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2021

Sq.Footage

N/A

Incredible investment opportunity in Paterson! This fully occupied 6-family property features six spacious units, each offering 3 bedrooms and 2 bathrooms - ideal for steady rental income and tenant retention. Additionally, the fully finished basement includes two bonus units: a 2-bedroom/1-bath and a 3-bedroom/1-bath, adding valuable rental potential. Currently generating $13,250/month in rental income, with below-market rents and room for strategic updates, this property offers strong value-add upside. The building sits on a 50 x 100 lot and includes a private driveway with four dedicated parking spaces - a key amenity in this area. The structure is well maintained with updated mechanicals, offering peace of mind and reduced long-term maintenance costs. Annual taxes: $16,227.58. Buyers are encouraged to verify zoning with the city regarding the basement units, which could unlock even greater income. Prime location near transit, schools, and amenities.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Geothermal

  • Heating YN

    YES

  • Heating

    Electric, Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,400,000

  • Tax Amount

    16227.0

  • Zoning

    R2

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Passaic

Elementary School

Middle School

High School

Listing Courtesy of None , REALTY OF AMERICA

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Patrick Bolger

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(973) 945-9979

patrickbolger@kw.com


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Incredible investment opportunity in Paterson! This fully occupied 6-family property features six spacious units, each offering 3 bedrooms and 2 bathrooms - ideal for steady rental income and tenant retention. Additionally, the fully finished basement includes two bonus units: a 2-bedroom/1-bath and a 3-bedroom/1-bath, adding valuable rental potential. Currently generating $13,250/month in rental income, with below-market rents and room for strategic updates, this property offers strong value-add upside. The building sits on a 50 x 100 lot and includes a private driveway with four dedicated parking spaces - a key amenity in this area. The structure is well maintained with updated mechanicals, offering peace of mind and reduced long-term maintenance costs. Annual taxes: $16,227.58. Buyers are encouraged to verify zoning with the city regarding the basement units, which could unlock even greater income. Prime location near transit, schools, and amenities.

399 E 28th Street

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