Under contract cont. to show

$450,000

106 Madison St, Paterson City, NJ 07501

6beds

19,998sqft

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Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$23/sqft

$-- HOA

What's special

Don't miss this move-in ready two-family home with income potential and a spacious backyard! Both units will be delivered vacant, offering flexibility for an owner-occupant or investor. Live in one unit while renting the other, or lease both for added income. The property has been fully owner-occupied and is easy to show. A generous backyard provides plenty of outdoor space for entertaining, gardening, or relaxing. This is a great opportunity for first-time homebuyers or savvy investors looking for a property with excellent value and potential.

297 days

613

22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Radiators - Steam, Natural Gas

Appliances

Included: Range/Oven - Gas, Refrigerator

Features

Bedrooms, Dining Room, Kitchen, Living Room
Basement: Yes,Partially Finished
Has fireplace: No

Interior area

Total structure area: 19,998
Total interior livable area: 19,998 sqft

Property

Parking

Parking features: On Street, On-Street Parking
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

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

Details

Parcel number: 2508061110000000040000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Composition Shingle
Roof: Composition Shingle

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s)

Location

Region: Paterson

Financial & listing details

Price per square foot: $23/sqft
Tax assessed value: $176,800
Annual tax amount: $9,007
Date on market: 9/7/2025
Total actual rent: 3800
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

$2,557/mo

Price history

Date	Event	Price
2/13/2026	Listed for sale	$450,000$23/sqft
Source: GSMLS #3985390 Report a problem
10/17/2025	Pending sale	$450,000$23/sqft
Source: GSMLS #3985390 Report a problem
9/7/2025	Listed for sale	$450,000+115.3%$23/sqft
Source: GSMLS #3985390 Report a problem
4/21/2005	Sold	$209,000$10/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,008 +3.9%	$176,800
2024	$8,669 +1.8%	$176,800
2023	$8,516 +7.6%	$176,800
2022	$7,914	$176,800
2021	$7,914 +10.8%	$176,800
2020	$7,144 -3%	$176,800 +2.3%
2019	$7,367 +4.8%	$172,800 +1.5%
2018	$7,030 -9.3%	$170,300 +0.8%
2017	$7,749 +5.6%	$169,000 -5.4%
2016	$7,337 -17.2%	$178,600
2015	$8,862 +5.7%	$178,600 -41.6%
2014	$8,386 +9.1%	$305,600
2013	$7,686	$305,600
2012	$7,686 +18.3%	$305,600
2011	$6,497 +10.1%	$305,600
2010	$5,901	$305,600
2009	--	$305,600
2008	--	$305,600
2007	--	$305,600 +2163.7%
2006	--	$13,500

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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