Calling All Investors! 3 Family Home in Paterson, NJ! Unit 1 and Unit 2 Occupied each currently on a $3200 monthly lease. Larger 4 bed unit is Vacant. Huge potential for Monthly income/cashflow. Welcome to 605 Madison Ave featuring a total of 10 bedrooms and 5 bathrooms. Unit 1: 3 beds, 2 baths, Central A/C. Unit 2: 3 beds, 2 baths, Central A/C. Unit 3: 4 beds, 1 bath. Full unfinished basement, backyard, and street parking.
Under contract
$775,000
605 Madison Ave, Paterson, NJ 07514
10beds
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 556 days
- 8
- 0
Zillow last checked:
Listing updated:
Listed by:
Matthew Rowack 732-789-8300,
EXP Realty, LLC
Source: NJMLS,MLS#: 25005800
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 3
- Full bathrooms: 3
Property
Details
- Parcel number: 0803420000000013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: See Remarks
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $248,200
- Annual tax amount: $14,336
- Date on market: 2/26/2025
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Pending sale | $775,000 |
Source: eXp Realty #25005800 Report a problem | ||
| 8/28/2026 | Contingent | $775,000 |
Source: eXp Realty #25005800 Report a problem | ||
| 8/4/2026 | Pending sale | $775,000 |
Source: eXp Realty #25005800 Report a problem | ||
| 12/23/2025 | Contingent | $775,000-3.1% |
Source: eXp Realty #25005800 Report a problem | ||
| 5/5/2025 | Pending sale | $800,000 |
Source:  GSMLS #3948584 Report a problem | ||
| 4/5/2025 | Price change | $800,000+3.2% |
Source: GSMLS #3948584 Report a problem | ||
| 2/26/2025 | Listed for sale | $775,000+10.9% |
Source:  NJMLS #25005800 Report a problem | ||
| 10/16/2023 | Listing removed | -- |
Source: GSMLS #3864926 Report a problem | ||
| 9/15/2023 | Price change | $699,000+100.3% |
Source: GSMLS #3864926 Report a problem | ||
| 8/10/2023 | Listed for sale | $349,000 |
Source: NJMLS #23024866 Report a problem | ||
| 1/14/2021 | Listing removed | -- |
Source:  GSMLS Report a problem | ||
| 12/31/2020 | Pending sale | $349,000 |
Source: GSMLS #3558609 Report a problem | ||
| 12/31/2020 | Listing removed | -- |
Source: GSMLS Report a problem | ||
| 6/27/2019 | Pending sale | $349,000 |
Source: GOYBURU REALTY, LLC #3558609 Report a problem | ||
| 6/1/2019 | Price change | $349,000-6.9% |
Source: GOYBURU REALTY, LLC #3558609 Report a problem | ||
| 5/20/2019 | Listed for sale | $375,000+1604.5% |
Source: GOYBURU REALTY, LLC #3558609 Report a problem | ||
| 1/29/2015 | Sold | $22,000-74.1% |
Source: Agent Provided Report a problem | ||
| 1/15/2015 | Price change | $85,000+241.4% |
Source: RE/MAX Executive Group #1501622 Report a problem | ||
| 12/7/2014 | Listed for sale | $24,900 |
Source: Nicholas Real Estate #3138968 Report a problem | ||
| 10/23/2014 | Pending sale | $24,900 |
Source: Nicholas Real Estate #3138968 Report a problem | ||
| 10/23/2014 | Listed for sale | $24,900+3.8% |
Source: Nicholas Real Estate #3138968 Report a problem | ||
| 5/1/2014 | Listing removed | $24,000 |
Source: Century 211 Casa Real Properties #3085595 Report a problem | ||
| 10/9/2013 | Listed for sale | $24,000 |
Source: Century 211 Casa Real Properties #3085595 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | $9,253 +12.9% | $248,200 +16% |
| 2018 | $8,199 -27.7% | $213,900 +8.5% |
| 2017 | $11,333 +151.3% | $197,100 -24.5% |
| 2016 | $4,511 -59.8% | $261,200 +137.9% |
| 2015 | $11,223 +5.7% | $109,800 -71.6% |
| 2014 | $10,619 +9.1% | $387,000 |
| 2012 | $9,733 +18.3% | $387,000 |
| 2011 | $8,228 +10.1% | $387,000 |
| 2010 | $7,473 | $387,000 |
| 2009 | -- | $387,000 |
| 2008 | -- | $387,000 |
| 2007 | -- | $387,000 +2514.9% |
| 2006 | -- | $14,800 |
| 2005 | -- | $14,800 |
| 2004 | -- | $14,800 |
| 2003 | -- | $14,800 |
| 2002 | -- | $14,800 |
| 2001 | -- | $14,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Eastside
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