40 Manchester Ave, Paterson City, NJ 07502
- 10 beds |
- 4 baths
Multi-Family Home 
Built in 1940 
4,792sqft lot
—— car garage 
$——/sqft 
Listed 12 days ago
Property Description
Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!
- Listing Status:
- Active
- Data Last Updated:
- July 29, 2026 at 6:40AM
- Listing Office:
- PROMISE LAND REALTY : 973-253-7330
- MLS ID:
- 4041532
- General: Vinyl Siding
- Parking: Parking spaces: 12
- Roofing: Asphalt Shingle
- County: Passaic
- Driveway: 1 Car WidthBlacktop
- Zoning: 2508-00923-0000-00046-0000-
- Utilities: ElectricGas-Natural
- Water: Public Water
- Sewer: Public Sewer
- Exclusions: Tenants property
This listing courtesy of PROMISE LAND REALTY
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
