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386 River St

Paterson City, NJ 07524
  • $1,348,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 4047135
Price Reduced
$1,348,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,000
    SQFT
  • $169
    $/SQFT
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

Annual income of approx. $138k/yr, Residential/Commercial, fully rented with great-paying tenants, very well-maintained, hassle-free property featuring a 2nd floor with 4-2 bedrooms, modern apartments built in 1990-1991 in great condition, with open layouts; (2 BEDROOMS, 1 mod-tiled bath and kitchen, LR/DR, Closets, casement windows, and more) fully rented with M2M leases. The ground floor consists of units 5 and 6 with approx. 4100 SQF combined for many possibilities (currently rented for $2,000 and $1650), and UNITS 7 and 8 on the Putnam St side currently rented for ($1,280 and $1,680), Parking lot, fenced-in, currently used by residential tenants for approx 6 cars, ALL SEPARATE utilities, including electric, heat, water, convenient location, (FULL BASEMENT, Great for storage/utility shop, etc), close to NYC bus, shopping, and major highways. a MUST SEE INVESTMENT Property.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-09-06T23:48:33.303.
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386 River St Paterson City, NJ 07524

  • Price: $1,348,000
  • Status: Active
  • On Site: 21 Days
  • MLS #: 4047135
0
Beds
0
Baths
0
½ Baths
0.07
Acres
8,000
SQFT
$169
$/SQFT
1930
Built
County:
Passaic
Area:
Paterson City
Property Description
Annual income of approx. $138k/yr, Residential/Commercial, fully rented with great-paying tenants, very well-maintained, hassle-free property featuring a 2nd floor with 4-2 bedrooms, modern apartments built in 1990-1991 in great condition, with open layouts; (2 BEDROOMS, 1 mod-tiled bath and kitchen, LR/DR, Closets, casement windows, and more) fully rented with M2M leases. The ground floor consists of units 5 and 6 with approx. 4100 SQF combined for many possibilities (currently rented for $2,000 and $1650), and UNITS 7 and 8 on the Putnam St side currently rented for ($1,280 and $1,680), Parking lot, fenced-in, currently used by residential tenants for approx 6 cars, ALL SEPARATE utilities, including electric, heat, water, convenient location, (FULL BASEMENT, Great for storage/utility shop, etc), close to NYC bus, shopping, and major highways. a MUST SEE INVESTMENT Property.
Exterior Features

Approximate Lot Size 40X74 Available Parking Spaces 6 Construction See Remarks Exterior Description ConcBrdSeeRemVinyl Location Business DistrictResidential AreaSee Remarks Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopOff-Street ParkingParking Lot-ExclusiveSee Remarks Roof Description FlatRubberized

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullStorageUnfinished Cooling Window A/C(s) Equipment Available Smoke Detector Floors See Remarks Heating 4+ Units Max Ceiling Height 13 Max Door Height 11 Number Of Lavatories 8 Office Sq Ft 650

Property Features

Available See Remarks DEPStatus See Remarks Expenses Include InsuranceTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 138000 Lease Includes Building Insurance Lease Type Mixed Net Operating Income 98000 Owner Pays See RemarksSewerWater Permitted Use Commercial/Residential Primary Property Type MixedUse Property Type Mixed Use Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 29342 Tax Rate Amount 5.335 Tax Rate Year 2026 Tax Year 2025 Tenant Pays ElectricHeatWater Total Operating Expense 40000 Utilities All Underground Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Mix-use

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of United Real Estate: 973-216-1945.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-09-06T23:48:33.303.
 
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