491 21st Avenue, Paterson, NJ 07513
Local realty services provided by:Better Homes and Gardens Real Estate Coccia Realty
491 21st Avenue,Paterson, NJ 07513
$925,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:omar fernandez
Office:exp realty, llc.
MLS#:25013942
Source:NJ_MLS
Price summary
- Price:$925,000
About this home
Welcome to 491 21st Avenue, an outstanding income-producing property offering exceptional flexibility and growth potential. This unique opportunity features two separate buildings on one lot in a high-visibility, high-traffic location within the vibrant People's Park neighborhood.The front building includes a fully-leased retail storefront currently used as a dentist office at street level and two spacious residential apartments above, ideal for consistent, diversified rental income. The rear building offers two additional residential apartments, providing even greater earning potential. Property Highlights: 8.5% cap rate and Total of 5 rental units (1 commercial + 4 residential) Strong rental history with immediate income generation, Separate entrances for all residential units, Low-maintenance exterior with brick facade, Prime high-traffic location perfect for business exposure, Close proximity to public transportation, shopping, schools, and major highways. Zoned for residential and commercial use, offering investment flexibility. With minimal operating expenses and a "turn-key setup, this property is perfect for investors seeking stable cash flow or entrepreneurs looking to live and operate a business on-site. Nothing to do but collect rents!
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Home facts
- Listing Id #:25013942
- Added:107 day(s) ago
- Updated:August 15, 2025 at 03:15 PM
Finances and disclosures
- Price:$925,000
- Tax amount:$19,500
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Coccia Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: August 15, 2025. Source: New Jersey Multiple Listing Service, Inc.
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