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$1,348,000 -$1,000 (-0.07%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Annual income of approx. $138k/yr, Residential/Commercial, fully rented with great-paying tenants, very well-maintained, hassle-free property featuring a 2nd floor with 4-2 bedrooms, modern apartments built in 1990-1991 in great condition, with open layouts; (2 BEDROOMS, 1 mod-tiled bath and kitchen, LR/DR, Closets, casement windows, and more) fully rented with M2M leases. The ground floor consists of units 5 and 6 with approx. 4100 SQF combined for many possibilities (currently rented for $2,000 and $1650), and UNITS 7 and 8 on the Putnam St side currently rented for ($1,280 and $1,680), Parking lot, fenced-in, currently used by residential tenants for approx 6 cars, ALL SEPARATE utilities, including electric, heat, water, convenient location, (FULL BASEMENT, Great for storage/utility shop, etc), close to NYC bus, shopping, and major highways. a MUST SEE INVESTMENT Property.

Full Property Details for 386-390 River St

General

  • Price: $1,348,000
  • Taxes: $29,342 (2025)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 4047135
  • Updated: 9/3/2026
  • Added to Site: 20 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease/Rent Term: Mixed
  • Lease Includes: Building Insurance
  • Lease Terms: 3-5 Year Minimum

Interior

  • Flooring: See Remarks

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Restrooms: 8

Additional Information

  • Equipment: Smoke Detector

Parking

  • Garage Spaces: 6
  • Total Spaces: 6
  • Parking: Blacktop, Off-Street Parking, Parking Lot-Exclusive, See Remarks

Location

  • County: Passaic
  • Driving Directions: River St at Putnam St
  • Location Details: Business District, Residential Area, See Remarks

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 4+ Units
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground, Cable TV Available

Structural Information

  • Construction: See Remarks
  • Exterior Const.: ConcBrd, SeeRem, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Bilco-Style Door, Full, Storage, Unfinished
  • Roof: Flat, Rubberized
  • Ceiling Height: 13
  • Door Dimensions: 11
  • Loading: Drive-In Doors
  • Stories in Building: 2
  • Square Feet: 8,000
  • Aprox. Leasable: 8,000 Sq. Ft.
  • Office: 650 Sq. Ft.
  • Year Built: 1930
  • Remodeled/Updated: 1991

Unit Information

  • 2 Bedroom Units: 4

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size: 40X74
  • Permitted Use: Commercial/Residential
  • Zoning: Mix-use
  • Lot Description: Level Lot

Financial Considerations

  • Price Per Sq. Ft.: $170
  • Expenses: Insurance, Taxes, Water/Sewer
  • Operating Expenses: $40,000
  • Assessment Amount: $1,292,600
  • Land Assmt: $90,000
  • Tax Amount: $29,342
  • Tax Year: 2025
  • Owner Pays: See Remarks, Sewer, Water
  • Tenant Pays: Electric, Heat, Water
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Financial Statement, Income & Expenses
  • APN: 2508-02902-0000-00002-0000-
  • Block: 2902
  • Lot Number: 2

Listed by United Real Estate

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Listing agent

— 386-390 River St —

  • United Real Estate

973-216-1945

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 386-390 River St

School District:Paterson City School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 386-390 River St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2026
Price Reduced
$1,348,000
-0.07%
MLS
8/16/2026
Listed
$1,349,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 386-390 River St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$29,343
—
$1,292,600
135%
2025
$29,343
9%
$550,000
—
2023
$26,966
6%
$550,000
—
2022
$25,531
35%
$550,000
—
2021
$18,877
-30%
$550,000
-12%
2018
$26,934
10%
$622,600
5%
2017
$24,577
-4%
$590,800
—
2016
$25,635
6%
$590,800
—
2015
$24,270
-15%
$590,800
-15%
2019
$28,624
116%
$692,400
43%
2013
$13,248
—
$482,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by United Real Estate

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386-390 River St, Paterson, NJ 07524 (MLS# 4047135) is a Commercial property. 386-390 River St is currently listed for $1,348,000 and was received on August 16, 2026. Want to learn more about 386-390 River St? Do you have questions about finding other Commercial real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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