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  • $699,000

    54 Bloomfield Ave, Paterson City, NJ 07503

    5beds
    2,500sqft
    : 
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    Multi Family
    Built in 1940
    -- sqft lot
    $718,000 Zestimate®
    $280/sqft
    $-- HOA

    What's special

    RARE BUILDABLE DOUBLE LOT opportunity in the heart of South Paterson. This renovated 2-family sits on an oversized 50x100 double corner lot with a private driveway and detached garage, a combination that is extremely hard to find in this area. What truly separates this property from others on the market is the additional development potential, including the possibility to build another 2-family or expand the existing structure (subject to buyer due diligence and municipal approvals), creating long-term upside for both investors and owner-occupants.Recent upgrades include brand new siding, brand new roof, brand new first-floor windows, and a newer furnace. The property offers two separate living spaces plus a finished basement with additional usable space, making it ideal for rental income or future value-add potential.In South Paterson, parking and land are everything, and opportunities like this rarely hit the market. Conveniently located just steps from Main Avenue, shopping, restaurants, public transportation, and major highways, this property offers strong appeal for both homeowners and tenants alike. Whether you're looking for a move-in-ready investment or a property with future expansion potential, this is a rare opportunity you do not want to miss. Private showings available now.
    44 days
    |
    319
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Hamza Hamdan 973-798-4005,

    The Hamdan Group

    Source: GSMLS,MLS#: 4031670MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • 1 Unit, Natural Gas
      Cooling
      • 1 Unit, Ceiling Fan(s)
      Appliances
      • Included: Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven, Gas Water Heater
      Features
      • Bedrooms, Kitchen, Living Room, See Remarks, Attic
      • Basement: Yes,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,500
      • Total interior livable area: 2,500 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: 2 Car Width, Asphalt, Detached Garage
      • Garage spaces: 2
      • Uncovered spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 4,791 Square Feet
      • Dimensions: 50 x 100
      • Features: Corner Lot
      Details
      • Parcel number: 2508068090000000010000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1940
      • Major remodel year: 2025

      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
      Location
      • Region: Paterson

      Financial & listing details

      • Price per square foot: $280/sqft
      • Tax assessed value: $497,000
      • Annual tax amount: $10,536
      • Date on market: 6/11/2026
      • Total actual rent: 3600
      • Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        $718,000

        $682,000 - $754,000

        $2,446/mo

        Price history

        DateEventPrice
        6/11/2026Listed for sale$699,000-6.7%$280/sqft
        Source: GSMLS #4031670 Report a problem
        6/2/2026Listing removed$749,000$300/sqft
        Source: GSMLS #4023499 Report a problem
        5/2/2026Listed for sale$749,000+29.1%$300/sqft
        Source: GSMLS #4023499 Report a problem
        2/17/2023Sold$580,000+0.9%$232/sqft
        Source: GSMLS #3813071 Report a problem
        11/17/2022Pending sale$575,000$230/sqft
        Source: GSMLS #3813071 Report a problem
        10/22/2022Listed for sale$575,000$230/sqft
        Source: GSMLS #3813071 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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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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        Climate risks

        Neighborhood: South Paterson

        Getting around

        37 / 100
        Car-Dependent
        50 / 100
        Good Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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