Estimated payment $5,261/month
MONEY MAKER!!!!!! Here is an opportunity to get a cash cow with all performing tenants in place. Legal three fam with a full finished basement, driveway and 1 car garage. Rental income is over $9,200 each month. Mortgage including taxes and insurance (estimate) will be around the $6,200 with a low down payment, which leaves roughly $3,000 passive income to your pocket. Highest and Best due Friday August 1 at 5pm
Listing Agent
JUAN C. ESCOBAR
REALTY ONE GROUP LEGEND Brokerage Phone: 973-760-6116 Listed on: 07/18/2025
| 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 | $12,906 | $253,300 | $43,000 | $210,300 |
| 2024 | $12,419 | $253,300 | $43,000 | $210,300 |
| 2023 | $11,758 | $253,300 | $43,000 | $210,300 |
| 2022 | $11,758 | $253,300 | $43,000 | $210,300 |
| 2021 | $11,338 | $253,300 | $43,000 | $210,300 |
| 2020 | $10,575 | $253,300 | $43,000 | $210,300 |
| 2019 | $10,244 | $247,800 | $42,400 | $205,400 |
| 2018 | $9,643 | $222,900 | $42,000 | $180,900 |
| 2017 | $9,206 | $221,300 | $41,800 | $179,500 |
| 2016 | $9,329 | $215,000 | $44,000 | $171,000 |
| 2015 | $9,600 | $233,700 | $44,000 | $189,700 |
| 2014 | $11,449 | $394,800 | $168,800 | $226,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $769,900 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $550,000 | Durkan Matthew M | |
| Bargain Sale Deed | $125,000 | None Available |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $543,750 | New Conventional | |
| Closed | $495,000 | New Conventional | |
| Closed | $495,000 | New Conventional | |
| Previous Owner | $75,000 | Unknown |
$799,999
Updated apartments side by side 3 units with three bedrooms and one 2 Bedroom apartment . the first unit on either side is joined with the finish basement. The 2nd floor units have an exterior porch off the living room. Three units are vacant and easy to show.
Faye Bannister UNITED REAL ESTATE
$775,000
Calling All Investors! 3 Family Home in Paterson, NJ! Unit 1 and Unit 2 Occupied each currently on a $3200 monthly lease. Larger 4 bed unit is Vacant. Huge potential for Monthly income/cashflow. Welcome to 605 Madison Ave featuring a total of 10 bedrooms and 5 bathrooms. Unit 1: 3 beds, 2 baths, Central A/C. Unit 2: 3 beds, 2 baths, Central A/C. Unit 3: 4 beds, 1 bath. Full unfinished basement,
Matthew Rowack EXP Realty, LLC
$699,999
Welcome this massive three-family home to the market. This spacious property offers 11 bedrooms and 4 full bathrooms, making it a rare find in today's market. With a finished basement and plenty of living space, this home is perfect for first-time homebuyers looking to grow into their space or for savvy investors seeking strong rental potential. Don't miss the opportunity to own a large home with
Jose Checo Real
$849,500
A significant opportunity for investors and homebuyers alike. This building, comprising 5 legal flats (the first floor is divided into 2 apartments, the Left side is 1 Bed 1 bath kit, living. Rented for $1,300- the Right side is 2 beds, 1 bath, eat-in kit, and living -owner occupied and willing to pay up to $1,800) is conveniently located close to everything. Rents are under market value due to
Guido Barrantes PROMISE LAND REALTY
$750,000
Recently Renovated "Tow Family Home" 1st Floor Vacant "Move in Condition" Located near Roberto Clemente Park, Paterson Train Station & St Joseph's Children Hospital-Features Hardwood Floors, Central Heat & much more
Joaquim Ferreira CORNERSTONE REALTY ASSOCIATES
$725,000
Recently Renovated "Four Family Home" Move in Condition - Renovated Unit Vacant - Residentially Located - Features Hardwood Floors, Central Air & much more - Low Property Taxes
Joaquim Ferreira CORNERSTONE REALTY ASSOCIATES
Source: Garden State MLS
MLS Number: 3976283
APN: 08-03312-0000-00008
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