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$799,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • Updated 6 days ago
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Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

Full Property Details for 523 Park Ave

General

  • Price: $799,000
  • Taxes: $4,972 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4036074
  • Updated: 6/22/2026
  • Added to Site: 16 day(s) ago

Interior

  • Number of Rooms: 15
  • Interior Features: Smoke Detector

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 10

Exterior

  • Exterior Features: Sidewalk
  • Color: white

Parking

  • Garage Description: On-Street Parking

Location

  • County: Passaic
  • Driving Directions: East 33rd St. to Park Ave

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 2 Units
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground, Gas In Street

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Composition Shingle
  • Year Built: 1940
  • Remodeled/Updated: 2025

Unit Information

Unit 1

  • Unit Description: See Remarks
  • Square Feet: 1500
  • Levels/Stories: 1

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Square Feet: 1500
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 5

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Square Feet: 1500
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 5

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Dimensions: 25 x 71
  • Driveway/Sidewalk: On-Street Parking
  • Lot Description: Corner, Level Lot

Financial Considerations

  • Assessment Amount: $568,900
  • Land Assmt: $118,100
  • Tax Amount: $4,972
  • Tax Year: 2025

Disclosures and Reports

  • Block: 8605
  • Lot Number: 10

Listed by Realty Empire, Llc

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Listing agent

— 523 Park Ave —

  • Realty Empire, Llc

973-510-2260

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 523 Park 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 523 Park Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$799,000
21.06%
MLS
3/19/2025
Sold
$660,000
—
Public Record
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 523 Park Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,749
4%
$93,200
—
2023
$4,570
6%
$93,200
—
2022
$4,326
4%
$93,200
—
2021
$4,172
8%
$93,200
—
2019
$3,853
-33%
$93,200
-30%
2018
$5,749
12%
$132,900
8%
2017
$5,142
-4%
$123,600
—
2016
$5,363
6%
$123,600
—
2015
$5,077
-55%
$123,600
-70%
2013
$11,278
—
$411,000
—
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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NMLS#: 1598647

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Listed by Realty Empire, Llc

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523 Park Ave, Paterson, NJ 07504 (MLS# 4036074) is a Multi-Family property with 3 units containing 10 bedrooms and 3 full bathrooms. 523 Park Ave is currently listed for $799,000 and was received on June 22, 2026. Want to learn more about 523 Park 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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