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$810,000 -$29,000 (-3.46%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • Updated 11 hours ago
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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, 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! Reduced because personal matters,(not because the property was overprice) TAKE ADVANTAGE AND MAKE IT YOURS NOW...!!!

Full Property Details for 40 Manchester Ave

General

  • Price: $810,000
  • Taxes: $18,149 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4041532
  • Updated: 10/6/2026
  • Added to Site: 81 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

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 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2026
Price Reduced
$810,000
-3.46%
MLS
9/21/2026
Price Reduced
$839,000
-2.44%
MLS
7/17/2026
Listed
$860,000
—
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 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
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Promise Land Realty

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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 $810,000 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.

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