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3-Three Story

523 Park Ave

Paterson City, NJ 07504

MLS#: 4036074

$799,000

Status: Active
Listing number: 4036074
Listing provided by: REALTY EMPIRE, LLC
Listing agent phone: None
Last update: 2 days ago
New on site 3 days ago
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Property

Beds

10

Full Baths

3

1/2 Baths

None

Year Built

1940

Sq.Footage

4,500

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    3

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Aluminum Siding

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot, Level

  • Lot Size(acres)

    0.04

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    3-Three Story

Price

  • Sales Price

    $799,000

  • Tax Amount

    $4,972

  • Sq. Footage

    4, 500

  • Price/SqFt

    $177

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

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Location

County

Passaic

Elementary School

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Listing Courtesy of None , REALTY EMPIRE, LLC

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Patrick Bolger

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(973) 945-9979

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Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

523 Park Ave

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