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474 10Th Ave

Paterson City, NJ 07514
  • $2,000,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 4037286
$2,000,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2022
County:

School Ratings & Info

Description

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.

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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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474 10Th Ave Paterson City, NJ 07514

  • Price: $2,000,000
  • Status: Active
  • On Site: 72 Days
  • MLS #: 4037286
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2022
Built
County:
Passaic
Area:
Paterson City
Property Description
Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.
Exterior Features

Approximate Lot Size 50X98 Construction See Remarks Exterior Description See Remarks Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Parking Lot-Exclusive Roof Description Flat

Interior Features

Basement No Cooling Central Air Equipment Available See Remarks Heating Forced Hot Air Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes See Remarks Sewer Public Sewer Suite Number 0 Tax Amount 2048 Tax Rate Amount 5.335 Tax Rate Year 2025 Tax Year 2025 Utilities Gas-Natural Water Public Water Year Built Description Approximate Zoning R1

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of NICHOLAS REAL ESTATE AGENCY: 973-340-1202.


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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