54 Bloomfield Ave
Paterson City, NJ 07503
Price: $699,000
GSMLS: 4031670Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 5
Baths: 2 Full
Garage: 2-Car
Year Built: 1940
Acres: 0.11
Property Tax: $10,536
Description
RARE BUILDABLE DOUBLE LOT opportunity in the heart of South Paterson. This renovated 2-family sits on an oversized 50x100 double corner lot with a private driveway and detached garage, a combination that is extremely hard to find in this area. What truly separates this property from others on the market is the additional development potential, including the possibility to build another 2-family or expand the existing structure (subject to buyer due diligence and municipal approvals), creating long-term upside for both investors and owner-occupants.Recent upgrades include brand new siding, brand new roof, brand new first-floor windows, and a newer furnace. The property offers two separate living spaces plus a finished basement with additional usable space, making it ideal for rental income or future value-add potential.In South Paterson, parking and land are everything, and opportunities like this rarely hit the market. Conveniently located just steps from Main Avenue, shopping, restaurants, public transportation, and major highways, this property offers strong appeal for both homeowners and tenants alike. Whether you're looking for a move-in-ready investment or a property with future expansion potential, this is a rare opportunity you do not want to miss. Private showings available now.
General Info
Style:
2-Two Story
SqFt Building:
2,500
Total Rooms:
9
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X100
Lot Desc:
Corner
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
2 Car Width, Blacktop
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Kitchen, Living Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit
Heating Fuel:
Gas-Natural
Cooling:
1 Unit, Ceiling Fan
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,000
Tax Amount:
$10,536
Land Assessment:
$215,000
Build. Assessment:
$282,000
Total Assessment:
$497,000
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4031670
List Date:
06-02-2026
Days On Market:
5
Listing Broker:
THE HAMDAN GROUP
Listing Agent:
Hamza Hamdan
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
