Date
Details
Price
Change
Source
7/17/2026
Listed
$860,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$860,000
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Property Description
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 (subject to corresponding municipal approvals) 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. 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.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!
Full Property Details
Full Property Details for 40 Manchester Ave
General
- Price: $860,000
- Taxes: $18,149 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4041532
- Updated: 7/17/2026
- Added to Site: 31 day(s) ago
Interior
- Number of Rooms: 20
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Marble Floors, Parquet Floors, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 10
Parking
- Garage Description: None
Location
- County: Passaic
- Driving Directions: Totowa Ave to Manchester Ave
Heating & Cooling
- Cooling Type: No Cooling, Window Air Conditioning
- Heating Type: 3 Units, Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Year Built: 1940
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 900
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 900
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 900
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: 1 Car Width, Blacktop
- Lot Description: Level Lot
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $544,000
- Land Assmt: $195,000
- Tax Amount: $18,149
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Tenants property
- Block: 923
- Lot Number: 46
Listed by Promise Land Realty
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Listing agent
— 40 Manchester Ave —
Promise Land Realty
973-253-7330
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 40 Manchester Ave
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 40 Manchester Ave
Tax History
Tax History for 40 Manchester Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,150
—
$739,000
117%
2025
$18,150
9%
$340,200
—
2023
$16,680
6%
$340,200
—
2022
$15,792
4%
$340,200
—
2021
$15,227
19%
$340,200
15%
2018
$12,818
5%
$296,300
1%
2017
$12,235
-4%
$294,100
—
2016
$12,783
6%
$294,600
—
2015
$12,102
-11%
$294,600
-11%
2019
$13,655
13%
$330,300
-25%
2013
$12,054
—
$439,300
—
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 40 Manchester Ave
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- Multi-Family
- Active
- Updated 11 days ago
- 9Total Beds
Listed by Promise Land Realty
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 1Total Bath
Listed by Realty One Group Living
- Duplex
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
Listed by Realty One Group Legend
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- Active
- Updated 1 day ago
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Listed by Realty One Group Paramount
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 5Total Baths
Listed by Anthony Nelson (201) 445-9400 x3540
- Single Family
- Active
- Updated 3 days ago
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- 2Total Baths
Listed by C-21 Gemini, Llc.
- Single Family
- Active
- Updated 4 days ago
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Listed by Jane Ferlanti (201) 445-9400 x301
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
Listed by The Agency One Rock
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- Multi-Family
- Closed
- 7Total Beds
Listed by United Real Estate
Sold by Outside Office
Sold by Outside Office
40 Manchester Ave, Paterson, NJ 07502 (MLS# 4041532) is a Multi-Family property with 3 units containing 10 bedrooms and 4 full bathrooms. 40 Manchester Ave is currently listed for $860,000 and was received on July 17, 2026. Want to learn more about 40 Manchester Ave? Do you have questions about finding other Multi-Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.