955 Madison Ave
Paterson City, NJ 07501
Price: $689,000
GSMLS: 4032600Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 7
Baths: 3 Full
Garage: 1-Car
Year Built: 1915
Acres: 0.08
Property Tax: $15,604
Description
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.
General Info
Style:
3-Three Story
SqFt Building:
3,506
Total Rooms:
16
Basement:
Yes - Full, Unfinished
Interior:
Fire Extinguisher, See Remarks, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, See Remarks, Vinyl Siding
Lot Size:
37X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
1-Car
Description:
Detached Garage
Parking:
Driveway-Shared
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
Levels:
6
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
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:
3 Units, Radiators - Steam
Heating Fuel:
Gas-Natural, See Remarks
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Fiber Optic Available
School Information
Elementary:
NUMBER 11
Middle:
NUMBER 24
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$689,000
Tax Amount:
$15,604
Land Assessment:
$113,600
Build. Assessment:
$536,900
Total Assessment:
$650,500
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4032600
List Date:
06-05-2026
Days On Market:
2
Listing Broker:
BUILDINGS REALTY LLC
Listing Agent:
Ismael Medina
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
