386-390 River St
Paterson, NJ, 07524 $ 1,349,000
Bedrooms-- Baths-- Sq 8,000 for $1,349,000 with 8 half baths. This 8,000 square foot property was built in 1930 on a lot size of 0.07.
Annual income of approx. $138k/yr, Residential/Commercial, fully rented with great-paying tenants, very well-maintained, hassle-free property featuring a 2nd floor with 4-2 bedrooms, modern apartments built in 1990-1991 in great condition, with open layouts; (2 BEDROOMS, 1 mod-tiled bath and kitchen, LR/DR, Closets, casement windows, and more) fully rented with M2M leases. The ground floor consists of units 5 and 6 with approx. 4100 SQF combined for many possibilities (currently rented for $2,000 and $1650), and UNITS 7 and 8 on the Putnam St side currently rented for ($1,280 and $1,680), Parking lot, fenced-in, currently used by residential tenants for approx 6 cars, ALL SEPARATE utilities, including electric, heat, water, convenient location, (FULL BASEMENT, Great for storage/utility shop, etc), close to NYC bus, shopping, and major highways. a MUST SEE INVESTMENT Property.
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FeaturesGeneralSewer Public Sewer
Construction See Remarks
Heating 4+ Units
Cooling Window A/C(s)
Utilities All Underground
Possession TBD
Roof Flat Rubberized
Zoning Mix-use
Garage Spaces 6
Year Built 1930
Tenant Pays Electric Heat Water
Township Paterson City
Property Type Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District Residential Area See Remarks
Lease Information 3-5 Year Minimum
Gross Income 138000
County Passaic
Net Operating Income 98000
Operating Expense 40000
Status Active
Directions River St at Putnam St
Number Of Units Total 8
Tax Annual Amount 29342
Drive Blacktop Off-Street Parking Parking Lot-Exclusive See Remarks
Leasable Area 650
Lease Type Mixed
Standard Status Active
Tax Assessed Value 1292600
Town # 2508
Tax Lot 2
Farm Assessment No
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InteriorBasement Bilco-Style Door Full Storage Unfinished
Flooring See Remarks
Fuel Type Gas-Natural
Total Stories 2
Half Baths 8
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ExteriorLot Features Level Lot
Water Source Public Water
Total Parking 6
Exterior Description ConcBrd SeeRem Vinyl
Building Area Total 8000
Lot Dimensions 40X74
Lot Size Acres 0.07
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* Excluded FeaturesList ByROBERTO SANCHEZListing Agent
rsanchez@robsrealtor.comEmail
NearbyAbout Paterson, NJ 148,635 Population
0% Since 2002
$ 36,191 Median Income
34.64 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/16/2026 | $1,349,000 | | Listed Price |