474 10th Ave, Paterson City, NJ

$2,000,000

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0.11

Acres

About 474 10th Ave

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.

Features of 474 10th Ave

MLS® # 4037286
Price $2,000,000
Acres 0.11
Year Built 2022
Type Commercial / Industrial / Business
Status Active

Community Information

Address 474 10th Ave
City Paterson City
County Passaic
State NJ
Zip Code 07514-2763

Amenities

Utilities Gas-Natural
Parking Parking Lot-Exclusive

Interior

Heating Gas-Natural
# of Stories 2
Has Basement No

Exterior

Exterior SeeRem
Roof Flat

Additional Information

Date Listed June 26th, 2026
Zoning R1

Listing Map

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