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$795,000
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Property Description
Incredible opportunity! Impeccable renovated two-unit property. Each unit boasts three spacious bedrooms plus bonus rooms in the basement for first floor and oversized room in attic for second floor. Experience the luxury of a brand-new interior throughout, complemented by all-new, modern appliances. Simply move in or rent out, the heavy lifting has been done! Extra large yard with room for a garden.
Full Property Details
Full Property Details for 481 Preakness Ave
General
- Price: $795,000
- Taxes: $8,625 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3996116
- Updated: 11/24/2025
- Added to Site: 74 day(s) ago
Interior
- Number of Rooms: 13
- Interior Features: Carbon Monoxide Detector, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Passaic
- Driving Directions: Grove St to Preakness Ave or Chamberlain Ave to Preakness Ave
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning
- Heating Type: 2 Units, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Composition Shingle
- Year Built: 1945
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Rec Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Attic, Bedrooms, Eat-In Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.18
- Lot Dimensions: 102.39 x 123.24
- Driveway/Sidewalk: Off-Street Parking
Financial Considerations
- Tax Amount: $8,625
- Tax Year: 2024
Disclosures and Reports
- Block: 1211
- Lot Number: 1
Listed by Nicholas Real Estate Agency
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Schools
Schools serving 481 Preakness Ave
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 481 Preakness Ave
Date
Details
Price
Change
Source
11/04/2025
Listed
$795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 481 Preakness Ave
481 Preakness Ave, Paterson, NJ 07502 (MLS# 3996116) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 481 Preakness Ave is currently listed for $795,000 and was received on November 04, 2025. Want to learn more about 481 Preakness 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.

