94 Manchester Avenue Paterson, NJ $ 499,900
94 Manchester Avenue
$ 499,900
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94 Manchester Avenue

Paterson, NJ, 07502
$ 499,900
Bedrooms5 Baths3.0

Monthly Estimate*

$ 3,078

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Multi-Family Home for sale in Paterson, NJ

for $499,900 with 5 bedrooms and 3 full baths.

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.

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Multi-Family Active

Price

$ 499,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,562

Style

2 Family

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

26013640

Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat
Architectural Style 2 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
Total Rooms 8
Full Baths 3
Status Active - Active
City Paterson
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 8562.0
Lease Considered Y/N N
Standard Status Active
Property Sub Type Additional Other
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Interior
Heating Y/N N
Half Baths 0
Total Bedrooms 5
Total Baths 3
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* Excluded Features

Affordability Calculator

$3,791
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$714
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$499,900 Listed Price

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94 Manchester Avenue, Paterson, NJ, 07502 is a Multi-Family Home for sale at $499,900. 94 Manchester Avenue has 5 bedrooms and 3.0 baths. The property's zip code is 07502 which is in Paterson, NJ