Property photo 1
Property photo 2
10 Beds
3 Baths
4,500 sqft

$799,000

523 Park Ave, Paterson City NJ, 07504

Price per sqft$177.56
Built in1940
Property size4,500 sqft
Property typeMulti-family

Overview

Active

Listed Jun 22, 2026

Updated 42h ago

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.

$5,316/mo

Est. mortgage payment based on a $799,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4036074

Interior Features

Bedrooms
10
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$4,972
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of REALTY EMPIRE, LLC with DOMINGO MENDEZ,
Listing Contact: 9735102260 

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service , L.L.C . Real estate listings held by other brokerage firms are marked as IDX Listing.  All information deemed reliable but not guaranteed and should be independently verified.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. 

Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service. All rights reserved. 

 

Powered by Luxury Presence