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94 manchester ave, Paterson City, NJ 07502

$499,900

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  • MLS# 4021833
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Property Description 94 Manchester Ave, Paterson City, NJ 07502

2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. Current rents include $1,900/month for the first floor and $1,300/month for the second floor, with the second unit occupied by a long-term tenant and presenting clear below-market upside (projected $1,600+). The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.

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Property Details 94 Manchester Ave, Paterson City, NJ 07502

General

  • County: Passaic
  • List Date: 04/20/2026
  • Beds: 5
  • Full Bathrooms: 3
  • Year Built: 1939
  • Garage Description: See Remarks
  • Tax Amount.: $8,562
  • Tax Year: 2025
  • Basement: Yes

Interior Features

  • Heating: 2 Units, Forced Hot Air
  • Cooling: Window A/C(s)
  • Water: Public Water
  • Sewer: Public Sewer
  • Fuel Type: Gas-Natural

Exterior Features

  • Roof Type: Asphalt Shingle
  • Pool: NO
  • Exterior Description: Vinyl Siding

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    120 sheridan ave, Paterson City, NJ
    MLS# 4016932Multi-Family
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