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$500,000
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Property Description
Mixed-use property located on Union Avenue in Paterson, offering a combination of commercial and residential space. The first floor consists of an operating Chinese restaurant with an existing tenant in place. The second floor features a 2-bedroom residential unit, providing an opportunity for an owner-occupant or investment rental.The property includes an unfinished basement with high ceilings and is equipped with central air conditioning. Situated in an area featuring both residential and commercial elements, the building offers convenient access to local transportation and the Union Avenue corridor. Property being sold as-is.
Full Property Details
Full Property Details for 465 Union Ave
General
- Price: $500,000
- Taxes: $11,464 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4022228
- Updated: 4/21/2026
- Added to Site: 7 day(s) ago
Interior
- Number of Rooms: 4
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Location
- County: Passaic
- Driving Directions: Totowa Ave to Kearney St to Union Ave
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Forced Hot Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: 2-Two Story, See Remarks
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Flat
- Square Feet: 1,425
- Year Built: 1952
- Remodeled/Updated: 2009
Unit Information
Unit 1
- Unit Description: See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Bedrooms, Kitchen, Living Room
- Square Feet: 694
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.03
- Lot Dimensions: 25 x 57
- Driveway/Sidewalk: 1 Car Width
- Zoning: mix
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $195,100
- Land Assmt: $99,800
- Tax Amount: $11,464
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Tenant's personal belongins / restaurant equipment
- Block: 910
- Lot Number: 30
Listed by Redfin Corporation
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Schools
Schools serving 465 Union 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 465 Union Ave
Date
Details
Price
Change
Source
4/21/2026
Listed
$500,000
19.05%
MLS
3/05/2024
Sold
$420,000
—
Public Record
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 465 Union Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,949
4%
$214,900
—
2023
$10,537
6%
$214,900
—
2022
$9,976
4%
$214,900
—
2021
$9,619
13%
$214,900
4%
2019
$8,549
6%
$206,800
11%
2018
$8,042
10%
$185,900
5%
2017
$7,342
-4%
$176,500
—
2016
$7,658
6%
$176,500
—
2015
$7,251
-19%
$176,500
-46%
2013
$8,918
—
$325,000
—
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 465 Union Ave
465 Union Ave, Paterson, NJ 07522 (MLS# 4022228) is a Multi-Family property with 2 units containing 2 bedrooms, 1 full bathroom and 1 partial bathroom. 465 Union Ave is currently listed for $500,000 and was received on April 21, 2026. Want to learn more about 465 Union 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.

