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$699,000 Just Listed
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Property Description
RARE BUILDABLE DOUBLE LOT opportunity in the heart of South Paterson. This renovated 2-family sits on an oversized 50x100 double corner lot with a private driveway and detached garage, a combination that is extremely hard to find in this area. What truly separates this property from others on the market is the additional development potential, including the possibility to build another 2-family or expand the existing structure (subject to buyer due diligence and municipal approvals), creating long-term upside for both investors and owner-occupants.Recent upgrades include brand new siding, brand new roof, brand new first-floor windows, and a newer furnace. The property offers two separate living spaces plus a finished basement with additional usable space, making it ideal for rental income or future value-add potential.In South Paterson, parking and land are everything, and opportunities like this rarely hit the market. Conveniently located just steps from Main Avenue, shopping, restaurants, public transportation, and major highways, this property offers strong appeal for both homeowners and tenants alike. Whether you're looking for a move-in-ready investment or a property with future expansion potential, this is a rare opportunity you do not want to miss. Private showings available now.
Full Property Details
Full Property Details for 54 Bloomfield Ave
General
- Price: $699,000
- Taxes: $10,536 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4031670
- Updated: 6/11/2026
- Added to Site: Today
Interior
- Number of Rooms: 9
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Passaic
- Driving Directions: Main St to Bloomfield Ave
Heating & Cooling
- Cooling Type: 1 Unit, Ceiling Fan
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
- Water Heater: 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.: Unfinished
- Roof: Asphalt Shingles
- Square Feet: 2,500
- Year Built: 1940
- Remodeled/Updated: 2025
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living Room, See Remarks
- Square Feet: 1250
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Attic, Bedrooms, Kitchen, Living Room, See Remarks
- Square Feet: 1250
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: 2 Car Width, Blacktop
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $282,000
- Land Assmt: $215,000
- Tax Amount: $10,536
- Tax Year: 2025
Disclosures and Reports
- Block: 6809
- Lot Number: 1
Listed by The Hamdan Group
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Schools
Schools serving 54 Bloomfield 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 54 Bloomfield Ave
Date
Details
Price
Change
Source
6/11/2026
Listed
$699,000
20.52%
MLS
1/09/2023
Sold
$580,000
—
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 54 Bloomfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,063
10%
$197,500
—
2022
$9,168
29%
$197,500
—
2021
$7,102
-14%
$197,500
4%
2018
$8,228
5%
$190,200
1%
2017
$7,858
-9%
$188,900
-5%
2016
$8,648
6%
$199,300
—
2015
$8,187
3%
$199,300
3%
2019
$7,987
-23%
$193,200
-31%
2013
$10,389
—
$278,600
—
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 54 Bloomfield Ave
54 Bloomfield Ave, Paterson, NJ 07503 (MLS# 4031670) is a Multi-Family property with 2 units containing 5 bedrooms and 2 full bathrooms. 54 Bloomfield Ave is currently listed for $699,000 and was received on June 11, 2026. Want to learn more about 54 Bloomfield 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.

