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Apartment Complex For Sale

474 10th Ave, Paterson City, Passaic 07514-2763

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Property Description

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a 30-year tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you’re a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4037286
Price:
$2,000,000
Year Built:
2022
Lot Area:
0.11 Acre
Status:
Active
Office Name:
NICHOLAS REAL ESTATE AGENCY
Roof:
Flat
Features
Heating System:
Forced Hot Air
Cooling System:
Central Air
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07514-2763
Street:
10Th Ave
Street Number:
474
Longitude:
W75° 51' 19.2''
Latitude:
N40° 55' 24.5''
Directions:
CORNER OF E 29TH ST AND 10TH AVE
Zoning:
R1
Additional Information
Lot Size Dimensions:
50X98
Water Source:
Public Water
Stories Total:
2
Number Of Units Total:
7
Financial
Tax Annual Amount:
2048
Listing Information
List Agent Mls Id:
236690
List Office Mls Id:
0699
Mls Status:
Active
Modification Timestamp:
2026-06-26T16:35:41Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4037286
Lot Area:
0.11 Acre
$2,000,000
Agent info
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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com