605 Madison Ave Paterson, NJ 07514
Eastside NeighborhoodEstimated payment $5,324/month
About This Home
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, backyard, and street parking.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,336
Home Design
Bedrooms and Bathrooms
- 10 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Legal Lot and Block 13 / 3420
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,391 | $105,800 | $7,500 | $98,300 |
| 2024 | $5,187 | $105,800 | $7,500 | $98,300 |
| 2023 | $4,911 | $105,800 | $7,500 | $98,300 |
| 2022 | $4,911 | $105,800 | $7,500 | $98,300 |
| 2021 | $4,736 | $105,800 | $7,500 | $98,300 |
| 2020 | $4,417 | $105,800 | $7,500 | $98,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Pending | -- | -- | -- |
| 02/26/2025 02/26/25 | For Sale | $775,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $800,000 | Oak Tree Title Agency | |
| Deed | $800,000 | Oak Tree Title Agency | |
| Deed | $800,000 | Land Title | |
| Deed | $800,000 | Land Title | |
| Deed | $349,000 | Evident Title Agency | |
| Deed | $349,000 | Evident Title Agency | |
| Interfamily Deed Transfer | -- | Os National Resware | |
| Interfamily Deed Transfer | -- | Os National Resware |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $760,000 | New Conventional | |
| Previous Owner | $261,750 | New Conventional | |
| Previous Owner | $6,095,000 | Commercial |
Source: New Jersey MLS
MLS Number: 25005800
APN: 08 03420-0000-00013-0000-C002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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