$489,900
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $2,817/month

Total Views 5,996
4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Don't miss this fantastic 2-family home in Paterson, NJ. Unit 1 is currently occupied, offering 2 bedrooms and 1 bath, providing immediate rental income. Unit 2 is vacant and move-in ready, also offering 2 bedrooms and 1 bath. This property features separate utilities for tenant convenience and lower owner expenses. Commuters will love the easy access to Route 80, Route 46, and the Garden State Parkway. The home is also just minutes from shopping centers, restaurants, schools, and entertainment options, adding to its tenant appeal. With the neighborhood experiencing growth and revitalization, now is the time to invest! Whether you're looking for your new home or expand your real estate portfolio, this is a prime opportunity you don't want to miss!

Listing Agent

Jorge Velasquez

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 10/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,980

Year Built

  • Built in 1887

Lot Details

  • 2,614 Sq Ft Lot

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 2508-00118-0000-00037-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,980

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1887
  • Year Built Description: Approximate
  • County Name: Passaic
  • Exclusions: Personal Property
  • Directions: E. Main St. to N. 1st St.
  • I D: 5392687
  • Attribution Contact: 973-450-4000
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25X100
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 2980
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-00118-0000-00037-0000-
  • Tax Rate Amount: 5.095
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,981 $58,500 $16,500 $42,000
2024 $2,868 $58,500 $16,500 $42,000
2022 $2,716 $58,500 $16,500 $42,000
2021 $2,618 $58,500 $16,500 $42,000
2020 $2,442 $58,500 $16,500 $42,000
2019 $2,365 $57,200 $16,200 $41,000
2018 $2,453 $56,700 $16,300 $40,400
2017 $2,342 $56,300 $16,200 $40,100
2016 $2,577 $59,400 $17,100 $42,300
2015 $2,440 $59,400 $17,100 $42,300
2014 $5,275 $181,900 $108,500 $73,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2025 10/21/25 For Sale $489,900 +75.0% --
12/22/2022 12/22/22 Sold $280,000 -3.4% $356 / Sq Ft View Prior Sale
09/08/2022 09/08/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $290,000 -- $369 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $570,000 --
Deed $280,000 --
Special Warranty Deed -- Ans Title
Warranty Deed $30,000 Fortune Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,500 Construction
Previous Owner $1,599,000 Commercial
Previous Owner $160,000 Commercial
Source: Public Records

Source: Garden State MLS

MLS Number: 3993733

Garden State MLS

APN: 08-00118-0000-00037