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$825,000 Just Listed
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Property Description
Calling all investors and owner-occupants! Don't miss this four-family property in the heart of South Paterson an excellent opportunity to begin or expand your real estate portfolio. The property is in good condition and offers multiple income-producing units. Live in one unit while collecting rent from the others to help offset your monthly housing expenses, or add the entire property to your investment portfolio. Conveniently located near public transportation, schools, houses of worship, shopping, restaurants, and major roadways. A valuable opportunity with income-producing potential schedule your private showing today!
Full Property Details
Full Property Details for 54 Genessee Ave #4
General
- Price: $825,000
- Taxes: $15,796 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4046123
- Updated: 8/11/2026
- Added to Site: 4 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Passaic
- Driving Directions: please google/apple maps
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: Radiators - Steam
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: Fourplex
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Flat
- Year Built: 1927
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Bedrooms, Family Room, Kitchen, Laundry Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Dining Room, Family Room, Kitchen
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Master Bedroom
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $483,500
- Land Assmt: $197,500
- Tax Amount: $15,796
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Tenants personal items
- Disclosures: Yes
- Block: 6905
- Lot Number: 18
Listed by Real
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Schools
Schools serving 54 Genessee Ave #4
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 Genessee Ave #4
Date
Details
Price
Change
Source
8/11/2026
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 54 Genessee Ave #4
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,797
—
$681,000
130%
2025
$15,797
9%
$296,100
—
2023
$14,518
6%
$296,100
—
2022
$13,745
4%
$296,100
—
2021
$13,253
20%
$296,100
16%
2018
$11,044
5%
$255,300
1%
2017
$10,537
-9%
$253,300
-5%
2016
$11,607
6%
$267,500
—
2015
$10,989
-8%
$267,500
-8%
2019
$11,956
1%
$289,200
-33%
2013
$11,840
—
$431,500
—
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 Genessee Ave #4
54 Genessee Ave #4, Paterson, NJ 07503 (MLS# 4046123) is a Multi-Family property with 4 units containing 7 bedrooms and 4 full bathrooms. 54 Genessee Ave #4 is currently listed for $825,000 and was received on August 11, 2026. Want to learn more about 54 Genessee Ave #4? 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.

