Active

$750,000

428-430 Preakness Ave, Paterson City, NJ 07502

4beds

--sqft

$5,392/mo

Get pre-qualified

Multi Family

Built in 1978

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Newly updated two-family home

Great Investment Opportunity or Owner-Occupied Home in the Desirable Hillcrest Area!Don't miss the opportunity to own this newly updated two-family home in the desirable Hillcrest area. Offering excellent potential for rental income, this property is an ideal opportunity for investors or owner-occupants looking to build equity while enjoying the benefits of a multi-family home. Conveniently located near major highways, public transportation, schools, restaurants, shopping, and banks, it offers easy access to everyday essentials and commuting routes.A property with so much to offer, this home combines a great location, comfortable living, and exciting income potential all in one opportunity. Whether you're looking to invest, generate rental income, or find a home with room to make it your own, this property offers plenty of possibilities.Property is being sold "AS-IS.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Radiators - Steam, Natural Gas

Cooling

Wall Unit(s)

Appliances

Included: Dishwasher, Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven, Gas Water Heater

Features

Bedrooms, Eat-in Kitchen, Living Room, Master Bedroom, Eat-In Kitchen
Doors: Storm Door(s)
Windows: Storm Window(s)
Basement: Yes,Partially Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 4
Parking features: Asphalt, Off Street, On Street, See Remarks
Uncovered spaces: 4

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Exterior features: Curbs, Sidewalk

Lot

Size: 5,662 Square Feet
Dimensions: 50 x 116
Features: Corner Lot

Details

Parcel number: 2508012020000000130000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1978
Major remodel year: 2025

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Community

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

Location

Region: Paterson

Financial & listing details

Tax assessed value: $492,600
Annual tax amount: $11,950
Date on market: 10/12/2026
Total actual rent: 4400
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/12/2026	Listed for sale	$750,000+117.4%
Source: GSMLS #4058367 Report a problem
1/30/2024	Sold	$345,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,413 +3.9%	$224,000
2024	$10,983 +1.8%	$224,000
2023	$10,790 +7.6%	$224,000
2022	$10,026	$224,000
2021	$10,026 +11.8%	$224,000
2020	$8,971 -3.1%	$224,000 +3.2%
2019	$9,258 +5.4%	$217,000 +1.4%
2018	$8,786 -4.8%	$214,000 +1.3%
2017	$9,233 +5.6%	$211,200 -0.8%
2016	$8,742 +1.8%	$212,800
2015	$8,587 +5.7%	$212,800 -28.1%
2014	$8,125 -14.1%	$296,100
2013	$9,459	$296,100 -21.3%
2012	$9,459 +18.3%	$376,100
2011	$7,996 +10.1%	$376,100
2010	$7,262	$376,100
2009	--	$376,100
2008	--	$376,100
2007	--	$376,100