955-957 Madison Avenue Paterson, NJ $ 689,000
955-957 Madison Avenue
$ 689,000
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955-957 Madison Avenue

Paterson, NJ, 07501
$ 689,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 4,242

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Multi-Family Home for sale in Paterson, NJ

for $689,000 with 7 bedrooms and 3 full baths.

Excellent opportunity for owner-occupants or investors seeking to build equity. This spacious three-family property offers approximately 3,500+ square feet of living space and features Separate Utilities, Two 3-Bedroom units, One 1-bedroom unit, a Large Unfinished basement, and 1 Car detached garage. Improvements include Three New Gas Boilers, Three New Hot Water Heaters, Two Newer kitchens, and Mostly All Newer Windows. One unit is currently occupied while two units are vacant, providing flexibility for immediate occupancy, owner occupancy, or rental income potential. While the property may require some TLC and updating, it presents an excellent opportunity for cash buyers, contractors, investors, or purchasers utilizing renovation financing such as FHA 203(k), HomeStyle, or similar rehabilitation loan programs.Property is being sold strictly AS-IS. Seller will make no repairs nor provide any credits. Property includes a Shared Driveway providing access to the rear garage area. Buyers are encouraged to conduct their own due diligence regarding property condition, easements, permits, zoning, and municipal requirements.

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Multi-Family Active

Price

$ 689,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 15,605

Style

3 Family

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

26019884

Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat
Garage Spaces 1.0
Architectural Style 3 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
Total Rooms 16
Full Baths 3
Status Active - Active
City Paterson
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details Pre 1900 Build Prior to 1978
Tax Annual Amount 15605.0
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
Half Baths 0
Laundry Features None
Total Bedrooms 7
Total Baths 3
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* Excluded Features

Affordability Calculator

$5,543
Per Month
77%
23%
0%
Monthly Principal & Interest
$4,242
Monthly Property Taxes
$1,300
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
6/5/2026$689,000 Listed Price

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955-957 Madison Avenue, Paterson, NJ, 07501 is a Multi-Family Home for sale at $689,000. 955-957 Madison Avenue has 7 bedrooms and 3.0 baths. The property's zip code is 07501 which is in Paterson, NJ