Active

$689,900

393 Madison Ave #3, Paterson City, NJ 07524

7beds

--sqft

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Multi Family

Built in 1940

-- sqft lot

$713,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Finished basementLarge backyard

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

22 days

384

16

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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

$713,700

$678,000 - $749,000

$2,380/mo

Price history

Date	Event	Price
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

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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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