Active

$1,199,999

224 Union Ave, Paterson City, NJ 07502

7beds

800sqft

Est.:

Multi Family

Built in 1960

-- sqft lot

$-- Zestimate^®

$1,500/sqft

$-- HOA

What's special

This is a great business opportunity in the heart of Paterson, A convenience store and fully operational in a high-visibility, high-traffic location at 224 Union Ave next to a school. This is a mixed used property with a storefront,it has two units on the second floor (one apt with two bedrooms and one with 1 bedroom). It also has 4 rooms in the basement. The property was fully renovated two years ago.The sale includes a store,fixtures, inventory and the building including two apartments. This business generates good income,a turnkey opportunity for entrepreneurs or investors looking to expand, a great chance for improvement.

61 days

152

3

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4.1
Full bathrooms: 4
1/2 bathrooms: 1

Heating

Baseboard - Cast Iron, Baseboard - Electric, Natural Gas

Features

See Remarks, Bedrooms, Eat-In Kitchen, Family Room
Basement: Yes,Finished,Full
Has fireplace: No

Interior area

Total structure area: 800
Total interior livable area: 800 sqft

Property

Parking

Parking features: On Street

Features

Levels: Two
Stories: 2

Lot

Size: 2,613.6 Square Feet
Dimensions: 25 x 102

Details

Parcel number: 2508013130000000020000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Year built: 1960

Utilities & green energy

Gas: Gas In Street, Gas-Natural
Sewer: Public Available
Water: Public
Utilities for property: Underground Utilities, Gas In Street, Natural Gas Connected

Community & HOA

Location

Region: Paterson

Financial & listing details

Price per square foot: $1,500/sqft
Tax assessed value: $270,400
Annual tax amount: $13,776
Date on market: 10/20/2025
Total actual rent: 3450
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/20/2025	Listed for sale	$1,199,999+122.6%$1,500/sqft
Source: GSMLS #3993502 Report a problem
7/30/2022	Sold	$539,000$674/sqft
Source: GSMLS #3766269 Report a problem
6/21/2022	Listed for sale	$539,000$674/sqft
Source: GSMLS #3766269 Report a problem
4/6/2022	Listing removed	--
Source: GSMLS #3766269 Report a problem
2/28/2022	Listed for sale	$539,000$674/sqft
Source: GSMLS #3766269 Report a problem