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$689,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • 1 Car Garage
  • Updated 2 days ago
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Excellent opportunity for owner-occupants or investors seeking to build equity. This spacious three-family property offers approximately 3,500+ square feet of living space and features Separate Utilities, Two 3-Bedroom units, One 1-bedroom unit, a Large Unfinished basement, and 1 Car detached garage. Improvements include Three New Gas Boilers, Three New Hot Water Heaters, Two Newer kitchens, and Mostly All Newer Windows. One unit is currently occupied while two units are vacant, providing flexibility for immediate occupancy, owner occupancy, or rental income potential. While the property may require some TLC and updating, it presents an excellent opportunity for cash buyers, contractors, investors, or purchasers utilizing renovation financing such as FHA 203(k), HomeStyle, or similar rehabilitation loan programs.Property is being sold strictly AS-IS. Seller will make no repairs nor provide any credits. Property includes a Shared Driveway providing access to the rear garage area. Buyers are encouraged to conduct their own due diligence regarding property condition, easements, permits, zoning, and municipal requirements.

Full Property Details for 955 Madison Ave #3

General

  • Price: $689,000
  • Taxes: $15,604 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4032600
  • Updated: 6/5/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 16
  • Interior Features: Fire Extinguisher, See Remarks, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 7

Exterior

  • Exterior Features: Metal Fence, Partially Fenced, Sidewalk, Thermal Windows/Doors
  • Color: Yellow/Brw

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Detached Garage

Location

  • County: Passaic
  • Driving Directions: 21st Ave or Market St to Madison Ave

School Information

  • Elementary School: NUMBER 11
  • Middle School: NUMBER 24

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 3 Units, Radiators - Steam
  • Heating Fuel: Natural Gas, See Remarks
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, Cable TV Available, Fiber Optic Available

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding, See Remarks, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Asphalt Shingles
  • Square Feet: 3,506
  • Year Built: 1915

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
  • Square Feet: 1400
  • Levels/Stories: 6
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
  • Square Feet: 1400
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Dimensions: 37 x 100
  • Driveway/Sidewalk: Driveway-Shared
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $536,900
  • Land Assmt: $113,600
  • Tax Amount: $15,604
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Tenant and Personal Items
  • Disclosures: Yes
  • Block: 8901
  • Lot Number: 35

Listed by Buildings Realty Llc

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Listing agent

— 955 Madison Ave #3 —

  • Buildings Realty Llc

973-246-7040

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 955 Madison Ave #3

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 955 Madison Ave #3 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/05/2026
Listed
$689,000
170.2%
MLS
3/06/2024
Sold
$255,000
—
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 955 Madison Ave #3

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,653
10%
$292,500
—
2022
$13,328
4%
$292,500
—
2021
$12,842
17%
$292,500
15%
2018
$11,014
-7%
$254,600
-11%
2019
$11,827
13%
$286,100
13%
2017
$10,512
-7%
$252,700
-5%
2016
$11,335
6%
$267,000
—
2015
$10,718
9%
$267,000
-26%
2013
$9,878
—
$360,000
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Buildings Realty Llc

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955 Madison Ave #3, Paterson, NJ 07501 (MLS# 4032600) is a Multi-Family property with 3 units containing 7 bedrooms and 3 full bathrooms. 955 Madison Ave #3 is currently listed for $689,000 and was received on June 05, 2026. Want to learn more about 955 Madison Ave #3? 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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