40-42 Manchester Ave, Paterson, NJ 07502

Paterson
Local realty services provided by:ERA Suburb Realty Agency
40-42 Manchester Ave,Paterson City, NJ 07502
$820,000
  • 10 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: guido barrantes
Office: promise land realty973-253-7330
MLS#:4041532
Source:NJ_GSMLS

Price summary

  • Price:$820,000

About this home

Excellent investment opportunity with great income potential! This property features one additional unit 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 12 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! Adjusting...

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Home facts

  • Year built:1940
  • Listing ID #:4041532
  • Added:6 day(s) ago
  • Updated:October 27, 2026 at 03:30 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:20
  • Basement Description:Basement, Finished, Full

Heating and cooling

  • Cooling:Window A/C
  • Heating:3 Units, Baseboard - Hotwater

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1940
  • Lot area:0.11 Acres
  • Lot Features:Level Lot
  • Architectural Style:3-Three Story
  • Construction Materials:Vinyl Siding
  • Exterior Features:Metal Fence

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$820,000
  • Tax amount:$18,149 (2025)

Features and amenities

  • Amenities:Carbon Monoxide Detector, Fire Extinguisher, Gas-Natural, Marble Floors, Parquet Floors, Smoke Detector

Parking

  • Parking description:2 Car Width, Additional Parking, Blacktop Driveway
The data relating to real estate for sale on this website 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. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website 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. Date Last Updated October 27, 2026

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