481 Preakness Ave Paterson, NJ ^$ 795,000

481 Preakness Ave

^$ 795,000

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481 Preakness Ave

Paterson, NJ, 07502

^$ 795,000

Bedrooms6 Baths2.0

Monthly Estimate*

^$ 4,960

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Multi-Family Home for sale in Paterson, NJ

for $795,000 with 6 bedrooms and 2 full baths. This home was built in 1945 on a lot size of 0.18.

Incredible opportunity! Impeccable renovated two-unit property. Each unit boasts three spacious bedrooms plus bonus rooms in the basement for first floor and oversized room in attic for second floor. Experience the luxury of a brand-new interior throughout, complemented by all-new, modern appliances. Simply move in or rent out, the heavy lifting has been done! Extra large yard with room for a garden.

Multi-Family Active

Price

^$ 795,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,625

Style

2-Two Story

Lot Size

0.18

Year Built

1945

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

3996116

Features

Interior

Interior Amenities Carbon Monoxide Detector Smoke Detector

Basement Finished Full

Unit 1 Baths Total 1.0

Unit 1 Beds Total 3

Unit 2 Baths Total 1.0

Unit 2 Beds Total 3

Fuel Type Gas-Natural

Half Baths 0

Total Bedrooms 6

General

Sewer Public Sewer

Heating 2 Units Forced Hot Air

Cooling 2 Units Central Air

Utilities Electric Gas-Natural

Possession 0-30

Roof Composition Shingle

Garage Spaces 2

Architectural Style 2-Two Story

Year Built 1945

Garage Detached Garage

Township Paterson City

Tax Year 2024

Gross Income 0

County Passaic

Net Operating Income 0

Operating Expense 0

Total Rooms 13

Full Baths 2

Status Active

Directions Grove St to Preakness Ave or Chamberlain Ave to Preakness Ave

Open Parking Spaces 3

Number Of Units Total 2

Tax Annual Amount 8625

Drive Off-Street Parking

Standard Status Active

Tax Assessed Value 0

Town # 2508

Tax Lot 1

Exterior

Water Source Public Water

Exterior Description Vinyl Siding

Lot Dimensions 102.39X123.24

Lot Size Acres 0.18

* Excluded Features

List By

FRED SPOELSTRA

Listing Agent

Nicholas Real Estate Agency

Broker

fred@nicholasrealestate.com

Affordability Calculator

$5,679

Per Month

Monthly Principal & Interest: $4,960
Monthly Property Taxes: $719
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Paterson, NJ

Average List Price ^$637,552

Percent of Sale Price 20%

About Paterson, NJ

148,635 Population

0% Since 2002

^$36,191 Median Income

34.64 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/4/2025	$795,000		Listed Price

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481 Preakness Ave, Paterson, NJ, 07502 is a Multi-Family Home for sale at $795,000 with a lot size of 0.18. 481 Preakness Ave has 6 bedrooms, 2.0 baths, and was built in 1945. The property's zip code is 07502 which is in Paterson, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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481 Preakness Ave

Multi-Family Home for sale in Paterson, NJ

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