94 Manchester Ave, Paterson, NJ 07502

$499,900
  • 94 Manchester Ave, Paterson, NJ 07502 Main Photo

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Active
BEDS5 BATHS3 full MLS#4021833
STATUS PROPERTY TYPEMulti Unit - Multiple

Property Description

2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. Current rents include $1,900/month for the first floor and $1,300/month for the second floor, with the second unit occupied by a long-term tenant and presenting clear below-market upside (projected $1,600+). The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.

94 Manchester Ave | MLS# 4021833

This multi-family property located at 94 Manchester Ave, Paterson, NJ 07502 is currently listed for sale with an asking price of $499,900. Search Paterson real estate on mainlinemanny.realtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: 2 Units, Forced Hot Air
Lot Size: 0.06 Acres
Roof Type: Asphalt Shingle
Taxes: $8,562
Year Built: 1939

Feature Descriptions

Days on Site: 16
Exterior: Vinyl Siding
Lot Dimensions: 0.06 acre(s)
Parking Notes: See Remarks
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: EXP REALTY, LLC
Agency Contact: 973-250-9974

Shown By

Agent Name: Manuel Ishkhanian
Agent Phone: (484) 832-2122
Agency Title: RealtyMark

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Estimated Payment

$ 1,971.86 per month $1,112.56 Principal & Interest $713.50 Property Tax $145.80 Homeowner's Insurance

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