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    • $860,000

    40 Manchester Ave, Paterson City, NJ 07502

    10beds
    2,700sqft
    : 
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    Multi Family
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $319/sqft
    $-- HOA

    What's special

    Fully finished basement
    Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Guido Barrantes 973-253-7330,

    Promise Land Realty

    Source: GSMLS,MLS#: 4041532MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • 3 Units, Baseboard - Hotwater, Natural Gas
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Range/Oven - Gas, Refrigerator
      Features
      • Bedrooms, Kitchen, Living/Dining Room
      • Flooring: Marble, Parquet
      • Basement: Yes,Finished,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 2,700
      • Total interior livable area: 2,700 sqft

      Property

      Parking
      • Total spaces: 12
      • Parking features: 1 Car Width, Asphalt, None
      • Uncovered spaces: 12
      Features
      • Levels: 3-Three Story
      • Stories: 3
      Lot
      • Size: 4,791 Square Feet
      • Dimensions: 50 x 100
      • Features: Level
      Details
      • Parcel number: 2508009230000000460000

      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-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
      Location
      • Region: Paterson

      Financial & listing details

      • Price per square foot: $319/sqft
      • Tax assessed value: $739,000
      • Annual tax amount: $18,149
      • Date on market: 7/17/2026
      • Exclusions: Tenants property
      • Total actual rent: 4400
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/17/2026Listed for sale$860,000$319/sqft
        Source: GSMLS #4041532 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: Totowa

        Getting around

        90 / 100
        Walker's Paradise
        51 / 100
        Good Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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