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  • $575,000

    494-496 Park Ave, Paterson City, NJ 07504

    7beds
    2,256sqft
    : 
    Multi Family
    Built in 1941
    -- sqft lot
    $-- Zestimate®
    $255/sqft
    $-- HOA

    What's special

    Calling all investors and first time homebuyers. This versatile 2 Family home is a fantastic investment opportunity in a great neighborhood. The property comprises 2 apartments the First Floor unit has 5 rooms with two bedrooms eat-in kitchen living room and a full bath. The 2nd unit is comprised of the 2nd and 3rd floors and has 3 large bedrooms one with large closet and private bathroom. Formal living room, dining room, kitchen, and bathroom. Third Floor has an additional 2 comfortable bedrooms, family room area and full bathroom. Ideally located just a short distance from train & bus stops, commuting is a breeze, and no car is necessary. Additionally, there are separate utilities. On-street parking is permitted and is easy to find. Whether looking for a prime rental income property or a convenient urban lifestyle, this home offers all of that and more.
    32 days
    on Zillow
    |
    578
    |
    23
    |

    Zillow last checked: 17 hours ago

    Listing updated: July 17, 2025 at 10:56am

    Listed by:

    Dave M Delorme 201-944-9000,

    Elite Real Estate Group

    Source: GSMLS,MLS#: 3975030MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 494-496 Park Ave.

    Next available tour time:Today at 4:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • 2 Units, Baseboard - Hotwater, Radiators - Steam, Natural Gas
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Range/Oven - Gas, Refrigerator, Gas Water Heater
    Features
    • Bedrooms, Dining Room, Kitchen, Living Room, Attic, Eat-In Kitchen
    • Flooring: Carpet, Tile, Vinyl-Linoleum Floors
    • Basement: Yes,Bilco-Style Door,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,256
    • Total interior livable area: 2,256 sqft

    Property

    Parking
    • Parking features: On Street, On-Street Parking
    • Has uncovered spaces: Yes
    Features
    • Levels: 3-Three Story
    • Stories: 3
    • Patio & porch: Deck, Patio
    • Exterior features: Sidewalk
    • Fencing: Metal Fence
    Lot
    • Size: 3,049.2 Square Feet
    • Dimensions: 33 x 90
    • Features: Level
    Details
    • Parcel number: 2508086140000000020000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding, Vinyl Siding
    • Roof: Asphalt Shingle
    Condition
    • Year built: 1941

    Utilities & green energy

    • Gas: Gas-Natural
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
    Location
    • Region: Paterson

    Financial & listing details

    • Price per square foot: $255/sqft
    • Tax assessed value: $174,900
    • Annual tax amount: $8,911
    • Date on market: 7/14/2025
    • Total actual rent: 4100
    • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
    • Electric utility on property: Yes
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