262 Union Ave
Paterson City, NJ 07502
Price: $680,000
GSMLS: 3993518Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 7
Baths: 4 Full
Garage: 2-Car
Year Built: 1997
Acres: 0.06
Property Tax: $12,462
Description
Excellent Opportunity To Own A Legal Three-family Income-producing Property On A 25x100 Lot In The Heart Of Paterson! Featuring 7 Bedrooms And 4 Full Baths, This Property Offers Three Spacious Units With Consistent Rental Income And Room For Value-add Improvements. Each Unit Is Separately Metered For Utilities, Keeping Operating Costs Low And Management Efficient. Located Near Schools, Parks, Shopping, And Major Transportation Routes, Ensuring Strong Tenant Demand And Minimal Vacancy. Ideal For Investors Seeking Steady Cash Flow, Long-term Appreciation Potential, And A Solid Addition To Any Portfolio.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
2 Car Width
Spaces Available:
2
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room, Master Bedroom, See Remarks, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,SeeRem
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
2
Room Description:
Attic, Bedrooms, See Remarks
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water
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:
Baseboard - Electric
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:
NUMBER 19
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$680,000
Tax Amount:
$12,462
Land Assessment:
$30,800
Build. Assessment:
$213,800
Total Assessment:
$244,600
Tax Rate:
5.10
Tax Year:
2024
Listing Information
MLS ID:
3993518
List Date:
10-20-2025
Days On Market:
4
Listing Broker:
LIFESTYLE INTERNATIONAL REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: SeasonsGlenCondos.com
