$795,000

481 Preakness Ave Paterson, NJ 07502

Hillcrest Neighborhood

Estimated payment $4,905/month

Total Views 2,086
6 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Incredible opportunity! Impeccable renovated two-unit property. Each unit boasts three spacious bedrooms plus bonus rooms in the basement for first floor and oversized room in attic for second floor. Experience the luxury of a brand-new interior throughout, complemented by all-new, modern appliances. Simply move in or rent out, the heavy lifting has been done! Extra large yard with room for a garden.

Listing Agent

FRED SPOELSTRA

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 11/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,625

Year Built

  • Built in 1945

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Composition Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity

Additional Features

  • Basement Fills Entire Space Under The House
  • 102 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 2508-01211-0000-00001-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,625

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1945
  • Year Built Description: Approximate
  • County Name: Passaic
  • Directions: Grove St to Preakness Ave or Chamberlain Ave to Preakness Ave
  • I D: 5394740
  • Attribution Contact: 973-340-1202
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector
  • Bedrooms: 6
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

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

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: Off-Street Parking

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 102.39X123.24
  • Easement: Unknown
  • Lot I D Tax: *
  • Total Acres: 0.18

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 8625
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-01211-0000-00001-0000-
  • 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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2025 11/04/25 For Sale $795,000 +160.7% --
12/02/2022 12/02/22 Sold $305,000 +10.9% -- View Prior Sale
11/08/2022 11/08/22 Pending -- -- --
10/24/2022 10/24/22 For Sale $275,000 -- --
Source: Garden State MLS

Source: Garden State MLS

MLS Number: 3996116

Garden State MLS
New Jersey Passaic County Paterson 07502 Hillcrest

481 Preakness Ave, Paterson, NJ

For Sale

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Nearby Homes
Listing Agent
FRED SPOELSTRA
NICHOLAS REAL ESTATE AGENCY