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

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. This home was built in 1939 on a lot size of 0.06.

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-Two Story

Lot Size

0.06

Year Built

1939

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4021833

Features
General
Sewer Public Sewer
Heating 2 Units Forced Hot Air
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession 0-30
Roof Asphalt Shingle
Water Heater Electric
Architectural Style 2-Two Story
Year Built 1939
Garage See Remarks
Township Paterson City
Tax Year 2025
Gross Income 0
County Passaic
Net Operating Income 0
Operating Expense 0
Total Rooms 8
Full Baths 3
Status Active
Directions UNION AVE TO MANCHESTER AVE
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 8562
Drive None
Standard Status Active
Tax Assessed Value 388600
Town # 2508
Tax Lot 16
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Interior
Basement Finished Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 5
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 25 X 100
Lot Size Acres 0.06
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* Excluded Features
List By
MATTHEW GEVIRTZ

Listing Agent

Exp Realty, Llc

Broker

Tc@gtluxurygroup.com

Email

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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$499,900 Listed Price

Map


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94 Manchester Ave, Paterson, NJ, 07502 is a Multi-Family Home for sale at $499,900 with a lot size of 0.06. 94 Manchester Ave has 5 bedrooms, 3.0 baths, and was built in 1939. The property's zip code is 07502 which is in Paterson, NJ