Active

$649,900

1028 Madison Ave, Paterson City, NJ 07501

5beds

--sqft

$4,844/mo

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Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Finished basementFinished attic

ATTENTION ALL INVESTORS! Welcome to this excellent 2-family house offering great investment potential. Features include a finished attic and finished basement, with all separate utilities. Ideally located close to major highways and public transportation, making this property convenient for commuters and tenants alike. Property is being sold in AS-IS condition. Don't miss this great opportunity!

4 days
252
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Heating

2 Units, Natural Gas

Appliances

Included: Range/Oven - Gas

Features

Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen, Attic, Kitchen
Basement: Yes,Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street, None

Features

Levels: Two
Stories: 2

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 2508065070000000120000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Year built: 1930

Utilities & green energy

Gas: Gas In Street
Sewer: Public Sewer
Water: Public
Utilities for property: Gas In Street

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Paterson

Financial & listing details

Tax assessed value: $421,000
Annual tax amount: $9,533
Date on market: 8/28/2026
Total actual rent: 3600
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

$2,734/mo

Price history

Date	Event	Price
8/28/2026	Listed for sale	$649,900+154.9%
Source: GSMLS #4049336 Report a problem
10/17/2017	Sold	$255,000+76.7%
Source: Public Record Report a problem
7/6/2017	Sold	$144,300-54.2%
Source: Public Record Report a problem
10/12/2004	Sold	$315,000+80%
Source: Public Record Report a problem
11/9/2000	Sold	$175,000+41.1%
Source: Public Record Report a problem
12/30/1999	Sold	$124,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,105 +3.9%	$178,700
2024	$8,762 +1.8%	$178,700
2023	$8,608 +7.6%	$178,700
2022	$7,999	$178,700
2021	$7,999 +10.8%	$178,700
2020	$7,222 -3%	$178,700 +2.3%
2019	$7,445 +6.2%	$174,700 +1.5%
2018	$7,010 -9.3%	$172,100 +2.1%
2017	$7,728 +5.6%	$168,500 -5.4%
2016	$7,316 -29.9%	$178,100
2015	$10,440 +5.7%	$178,100 -50.5%
2014	$9,878 +9.1%	$360,000
2013	$9,054	$360,000
2012	$9,054 +18.3%	$360,000
2011	$7,654 +4.4%	$360,000
2010	$7,330	$360,000 -5.2%
2009	--	$379,600
2008	--	$379,600
2007	--	$379,600 +1798%
2006	--	$20,000
2005	--	$20,000
2004	--	$20,000
2003	--	$20,000
2002	--	$20,000
2001	--	$20,000