393 Madison Ave
Paterson City, NJ 07524
Price: $689,900
GSMLS: 4035798Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 7
Baths: 4 Full
Garage: No
Year Built: 1940
Acres: 0.07
Property Tax: $11,406
Description
Attention Investors and First-Time Buyers! Don't miss this incredible opportunity to own a legal 3-unit property and live virtually rent-free while generating rental income. This well-maintained property features all separate utilities, a finished basement, and spacious apartments with 3 bedrooms on the first and second floors. The third-floor apartment offers 1 bedroom, providing additional rental potential. The first-floor unit is vacant, making it ideal for an owner-occupant or immediate rental. Additional highlights include a large backyard, a roof that is only 2 years old, and a convenient location close to shopping, public transportation, schools, and major highways. Excellent investment opportunity with strong income potential. Easy to show! Please call the listing office to schedule all showings.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Finished
Interior:
Carbon Monoxide Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
30X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, 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:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, 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:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, 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 - Hot Water
Heating Fuel:
Gas-Natural
Cooling:
3 Units
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas In Street
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:
$689,900
Tax Amount:
$11,406
Land Assessment:
$167,600
Build. Assessment:
$333,700
Total Assessment:
$501,300
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4035798
List Date:
06-20-2026
Days On Market:
0
Listing Broker:
CASA REAL PROPERTY GROUP LLC
Listing Agent:
Nancy Pavic
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
