Property photo 1
Property photo 2
10 Beds
4 Baths
2,700 sqft

$810,000

40 Manchester Ave, Paterson City NJ, 07502

Price per sqft$300.00
Built in1940
Property size2,700 sqft
Property typeMulti-family

Overview

Active

Listed Jul 17, 2026

Updated 36h ago

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there. The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income, or to be used as a large storage area. The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer for 5 more years. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential! Reduced because personal matters,(not because the property was overprice) TAKE ADVANTAGE AND MAKE IT YOURS NOW...!!!

$5,389/mo

Est. mortgage payment based on a $810,000 home price.

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

Additional information

MLS® ID
4041532

Interior Features

Bedrooms
10
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$18,149
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of PROMISE LAND REALTY with GUIDO BARRANTES,
Listing Contact: 9732537330 

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