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$1,250,000
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Property Description
Investment Property Opportunity!!! This is a rare opportunity to acquire an income generating 5 Family building situated in prime location right next to the beautiful Paterson falls. There are seven garages and an additional four storage units on the property for additional rental income!! This is a corner property with curb appeal. Located in close proximity to shopping stores and transportation.
Full Property Details
Full Property Details for 58 Wayne Ave
General
- Price: $1,250,000
- Taxes: $14,790 (2024)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 3998138
- Updated: 11/17/2025
- Added to Site: 60 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 5
Additional Information
- Equipment: Smoke Detector
Parking
- Parking: Assigned, See Remarks
Location
- County: Passaic
- Driving Directions: I80 Ramp to Paterson, to Squirrelwood Rd, to Rifle Camp Rd, to Grand St, to Hoxey St, to McBride Ave to Wayne Ave
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 4+ Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: See Remarks
- Stories in Building: 2
Unit Information
- 1 Bedroom Units: 4
- 3 Bedroom Units: 1
- Units w/Full Bath: 5
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: 50X100
- Zoning: R3
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $290,300
- Land Assmt: $59,100
- Tax Amount: $14,790
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Financial Statement, Leases
- Disclosures: Yes
- APN: 2508-01405-0000-00033-0000-
- Block: 1405
- Lot Number: 33
Listed by Weichert Realtors
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Schools
Schools serving 58 Wayne 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 58 Wayne Ave
Date
Details
Price
Change
Source
11/17/2025
Listed
$1,250,000
—
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 58 Wayne Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,791
4%
$290,300
—
2023
$14,233
6%
$290,300
—
2022
$13,476
4%
$290,300
—
2021
$12,994
31%
$290,300
27%
2018
$9,924
8%
$229,400
4%
2017
$9,206
-4%
$221,300
—
2016
$9,607
6%
$221,400
—
2015
$9,095
-23%
$221,400
-23%
2019
$11,856
—
$286,800
-34%
2013
$11,857
—
$432,100
—
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 58 Wayne Ave
58 Wayne Ave, Paterson, NJ 07522 (MLS# 3998138) is a Apartment property. 58 Wayne Ave is currently listed for $1,250,000 and was received on November 17, 2025. Want to learn more about 58 Wayne Ave? Do you have questions about finding other Apartment real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

