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Residential Income For Sale

523 Park Ave, Paterson City, NJ 07504-1533

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Property Description

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson’s most desirable locations. Property being sold strictly as-is.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4036074
Price:
$799,000
Year Built:
1940
Lot Area:
0.04 Acre
Status:
Active
Office Name:
REALTY EMPIRE, LLC
Agent Name:
DOMINGO MENDEZ
Full Bathrooms:
3
Roof:
Composition Shingle
Features
Heating System:
2 Units
Cooling System:
None
Basement:
Unfinished
Architectural Style:
3-Three Story
Exterior Features:
Sidewalk
Interior Features:
Smoke Detector
Sewer:
Public Sewer
Utilities:
All Underground, Gas In Street
Address Map
Country:
US
State:
NJ
County:
Passaic
City:
Paterson City
Zipcode:
07504-1533
Street:
Park Ave
Street Number:
523
Longitude:
W75° 51' 25.7''
Latitude:
N40° 54' 48.3''
Directions:
East 33rd St. to Park Ave
Additional Information
Lot Size Dimensions:
25X71
Water Source:
Public Water
Number Of Units Total:
3
Lot Features:
Level Lot, Corner
Financial
Tax Annual Amount:
4972
Listing Information
List Agent Mls Id:
304828
List Office Mls Id:
4710
Mls Status:
Active
Modification Timestamp:
2026-07-01T12:34:50Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4036074
Lot Area:
0.04 Acre
$799,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com