5+ Mixed Use For Sale in Paterson, NJ
 

MLS# : 25004212

Street : 597-599-599 River Street
Price : $949,900
Town : Paterson, NJ 07524
Annual Taxes : $12,732

PROPERTY DETAILS

Year Built : 1940's
Roof : Flat,O/See Rmrks

PROPERTY DESCRIPTION

Income-Producing Property with High Potential. This exceptional all-brick property is a prime investment opportunity, ideally located on a bustling commercial street in a rapidly developing area. The building features 2 spacious three-bedroom apartments and 2 versatile commercial units, offering a balanced mix of residential and commercial income streams. The apartments are in excellent condition, making them highly desirable for tenants, while the commercial units present endless possibilities for businesses looking to capitalize on the area's growth. With new construction projects underway all around, this property is perfectly positioned to benefit from the neighborhood's upward trajectory, offering significant potential for rental income upside. Additionally, the property boasts LOW TAXES, enhancing its profitability and making it an even more attractive investment. Whether you're an experienced investor or looking to diversify your portfolio, this property offers a rare combi

Amenities

This listing is a courtesy of United Real Estate
888-501-6953 office, listing agent Sergio Limonta

MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


Sales Associate
917-863-6560 (cell)

Madisom Adams Sales Associate Cindy Chiashin Shih


Sales Associate
610-844-6866 (cell)

Madisom Adams Sales Associate Maria Cisneros Martinez


Real estate inventory
Paterson
Homes : $299,900 - 579,900 15
Condos : $239,000 - 325,000 6
Co-ops : -
Twnhs : -
2-4 Fam : $439,000 - 2,100,000 42
5+ Fam : $900,000 - 900,000 1
Land : $60,000 - 2,100,000 4
Rentals : $1,300 - 4,100 34
Mixd Use : $575,000 - 975,000 5
Com S : -
Com L : -
Biz : $25,000 - 500,000 6


Similar Listings in Paterson

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 04/02/2025 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2025 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com