1 of 2 - 523 Park Ave, Paterson City, NJ Save the listing
2 of 2 - 523 Park Ave, Paterson City, NJ

523 Park Ave, Paterson City, NJ

$799,000

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10

Beds

3

Baths

0.04

Acres

About 523 Park Ave

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

Features of 523 Park Ave

MLS® # 4036074
Price $799,000
Bedrooms 10
Bathrooms 3.00
Full Baths 3
Acres 0.04
Year Built 1940
Type Multi-Family
Style 3-Three Story
Status Active

Community Information

Address 523 Park Ave
City Paterson City
County Passaic
State NJ
Zip Code 07504-1533

Amenities

Utilities All Underground, Gas In Street
Parking On-Street Parking
Garages On-Street Parking
Has Pool No

Interior

Interior Features Smoke Detector
Heating Electric, Gas-Natural
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Aluminum Siding
Exterior Features Sidewalk
Roof Composition Shingle

Additional Information

Date Listed June 22nd, 2026

Listing Map

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