94 Manchester Ave, Paterson City, NJ 07502

• 5 beds |
• 3 baths

Property Description

2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. Current rents include $1,900/month for the first floor and $1,300/month for the second floor, with the second unit occupied by a long-term tenant and presenting clear below-market upside (projected $1,600+). The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.

Listing Status:

Active

Data Last Updated:

May 10, 2026 at 1:40PM

Listing Office:

EXP REALTY, LLC : 866-201-6210

MLS ID:

4021833

Interior

• Basement: FinishedFull
• A/C: Window A/C(s)
• Heating: 2 UnitsForced Hot AirGas-Natural

Exterior

• General: Vinyl Siding
• Parking: Parking spaces: 0

Construction

• Roofing: Asphalt Shingle

Location

• County: Passaic

Lot

• Driveway: None
• Zoning: 2508-00903-0000-00016-0000-

Utilities

• Utilities: ElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer