197-199 12th Avenue, Paterson, NJ 07501

Local realty services provided by:ERA Queen City Realty
197-199 12th Avenue,Paterson, NJ 07501
$3,695,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: gershon adjaye
Office: keller williams team realty
MLS#:25028238
Source:NJ_MLS

Price summary

  • Price:$3,695,000

About this home

New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.

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Home facts

  • Listing ID #:25028238
  • Added:99 day(s) ago
  • Updated:November 15, 2025 at 06:42 PM

Finances and disclosures

  • Price:$3,695,000
  • Tax amount:$4,107
MLS Logo 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 ERA Queen City 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: November 15, 2025. Source: New Jersey Multiple Listing Service, Inc. 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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