490 E 27th St
Paterson City, NJ 07514
Price: $499,000
GSMLS: 4053235Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 8
Baths: 3 Full
Garage: No
Year Built: 1920
Acres: 0.06
Property Tax: $10,611
Description
CALLING ALL INVESTORS, CONTRACTORS & VALUE-ADD BUYERS! Here's your opportunity to take a diamond in the rough and bring it back to life! This income-producing two-family fixer offers a strong value-add opportunity with a desirable layout, bonus finished walkout attic, and high-ceiling unfinished walkout basement. The first floor features 3 bedrooms, 1 full bath, formal living room, dining room, and kitchen. The second floor offers another 5-bedroom, 2-bath layout with the bonus finished walkout attic providing additional flexible space. The high-ceiling unfinished walkout basement with walkout access offers plenty of potential for storage, recreation, or future improvements. With two full residential units plus additional attic and basement space, this property offers an opportunity to renovate, improve, increase functionality, and potentially build equity. Whether you're looking for your next rehab project, rental property, or long-term investment, this property is ready for your vision and renovation plan. Bring your contractor, run your numbers, and unlock the potential! Close to NYC Transportation. Sold strictly As-Is. Buyer to conduct all due diligence regarding zoning, permits, existing use, renovations, and any potential conversion or finished-space opportunities.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
18
Basement:
Yes - Full, Unfinished, Walkout
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
10
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Rec Room, Utility Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
2
Total Rooms:
8
Room Description:
Attic, Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector
Utilities:
Owner Pays Water, 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:
Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric
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:
$499,000
Tax Amount:
$10,611
Land Assessment:
$155,300
Build. Assessment:
$348,000
Total Assessment:
$503,300
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4053235
List Date:
09-16-2026
Days On Market:
0
Listing Broker:
KELLER WILLIAMS CITY VIEWS REALTY
Listing Agent:
Jonathan Jimenez Cardona
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
