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$1,349,000
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Property Description
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. Well-maintained, a must-see investment property. Text or call the agent for a pro forma and additional information.
Full Property Details
Full Property Details for 386-390 River St
General
- Price: $1,349,000
- Taxes: $29,342
- Status: Active
- Type: Retail
- Source: NJMLS
- MLS ID: 26030988
- Updated: 8/16/2026
- Added to Site: 23 day(s) ago
Location
- Area: Paterson
- County: PASSAIC
Heating & Cooling
- Heating Type: Baseboard, Gas, Heat Pump, Hot Water, Other/See Remarks
Utilities
- Utility Description: Sep Elec, Sep Gas, Sep Water, Seperate Heat
Structural Information
- Architectural Style: Retail
- Description/Design: Other
Water Features
- Water Front Desc.: None
Financial Considerations
- Tax Amount: $29,342
Disclosures and Reports
- Ownership: Private
- Flood Zone: None
Listed by United Real Estate (888) 501-6953, Roberto Sanchez (973) 216-1945
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Schools
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
Date
Details
Price
Change
Source
8/16/2026
Listed
$1,349,000
—
MLS
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
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 386-390 River St
386-390 River Street, Paterson, NJ 07524 (MLS# 26030988) is a Retail property. 386-390 River Street is currently listed for $1,349,000 and was received on August 16, 2026. Want to learn more about 386-390 River Street? Do you have questions about finding other Retail real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

