Attention Investors and First-Time Buyers! Don't miss this incredible opportunity to own a legal 3-unit property and live virtually rent-free while generating rental income. This well-maintained property features all separate utilities, a finished basement, and spacious apartments with 3 bedrooms on the first and second floors. The third-floor apartment offers 1 bedroom, providing additional rental potential. The first-floor unit is vacant, making it ideal for an owner-occupant or immediate rental. Additional highlights include a large backyard, a roof that is only 2 years old, and a convenient location close to shopping, public transportation, schools, and major highways. Excellent investment opportunity with strong income potential. Easy to show! Owner holds NJ Real Estate License
Under contract
$689,900
393 Madison Ave #3, Paterson City, NJ 07524
7beds
--sqft
Multi Family
Built in 1940
-- sqft lot
$703,400 Zestimate®
$--/sqft
$-- HOA
What's special
Finished basementLarge backyard
- 76 days
- 46
- 0
Zillow last checked:
Listing updated:
Listed by:
Nancy Pavic 973-684-1110,
Casa Real Property Group Llc
Source: GSMLS,MLS#: 4035798
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- 3 Units, Radiators - Hot Water, Natural Gas
Cooling
- 3 Units
Appliances
- Included: Microwave, Range/Oven - Gas, Microwave Oven, Gas Water Heater
Features
- Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen, Kitchen
- Basement: Yes,Finished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: On Street, None
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 3,049 Square Feet
- Dimensions: 30 x 100
Details
- Parcel number: 2508027060000000040000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1940
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: $501,300
- Annual tax amount: $11,406
- Date on market: 6/20/2026
- Total actual rent: 4172
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
$703,400
$668,000 - $739,000
$2,106/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Pending sale | $689,900 |
Source:  GSMLS #4035798 Report a problem | ||
| 6/20/2026 | Listed for sale | $689,900 |
Source: GSMLS #4035798 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Riverside
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