40 Manchester Ave Paterson, NJ $ 860,000
40 Manchester Ave
$ 860,000
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40 Manchester Ave

Paterson, NJ, 07502
$ 860,000
Bedrooms10 Baths4.0

Monthly Estimate*

$ 5,430

40 Manchester Ave, Paterson, NJ 07502 - Image 1
40 Manchester Ave, Paterson, NJ 07502 - Image 2
40 Manchester Ave, Paterson, NJ 07502 - Image 3
40 Manchester Ave, Paterson, NJ 07502 - Image 4
40 Manchester Ave, Paterson, NJ 07502 - Image 5

Multi-Family Home for sale in Paterson, NJ

for $860,000 with 10 bedrooms and 4 full baths. This home was built in 1940 on a lot size of 0.11.

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

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Multi-Family Active

Price

$ 860,000

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 18,149

Style

3-Three Story

Lot Size

0.11

Year Built

1940

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4041532

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Marble Floors Parquet Floors 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
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 10
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General
Sewer Public Sewer
Heating 3 Units Baseboard - Hotwater
Cooling None WindowAC
Utilities Electric Gas-Natural
Possession 30 days
Roof Asphalt Shingle
Garage Spaces 0
Architectural Style 3-Three Story
Exclusions Tenants property
Year Built 1940
Garage None
Township Paterson City
Tax Year 2025
Gross Income 9999
County Passaic
Net Operating Income 9999
Operating Expense 9999
Total Rooms 20
Full Baths 4
Status Active
Directions Totowa Ave to Manchester Ave
Open Parking Spaces 12
Number Of Units Total 3
Tax Annual Amount 18149
Home Warranty Y/N No
Drive 1 Car Width Blacktop
Standard Status Active
Tax Assessed Value 739000
Town # 2508
Tax Lot 46
Farm Assessment No
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 50X100
Lot Size Acres 0.11
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* Excluded Features
List By
GUIDO BARRANTES

Listing Agent

Promise Land Realty

Broker

Guido.Barrantes@Gmail.com

Email

Affordability Calculator

$6,943
Per Month
78%
22%
0%
Monthly Principal & Interest
$5,430
Monthly Property Taxes
$1,512
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2026$860,000 Listed Price

Map


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40 Manchester Ave, Paterson, NJ, 07502 is a Multi-Family Home for sale at $860,000 with a lot size of 0.11. 40 Manchester Ave has 10 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 07502 which is in Paterson, NJ