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.
Active
$575,000
494-496 Park Ave, Paterson City, NJ 07504
7beds
2,256sqft
Est.:
Multi Family
Built in 1941
-- sqft lot
$-- Zestimate®
$255/sqft
$-- HOA
What's special
- 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#: 3975030

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- Loading
- Loading