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    38-40 Redwood Ave Paterson, NJ 07522

    New
    Picture of Quadplexes at Redwood Ave 38-40, Paterson, NJ
    For Sale
    $859,000

    Fourplex, Multi-Family - Paterson City, NJ

    Lot size:
    0.10 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for 38-40 Redwood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    15
    Bathrooms
    4
    Basement Y/N
    1
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1940
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent VICTOR CASTILLO (866) 201-6210

    Listing date Dec 3, 2025

    MLS# 3997452 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Paterson City Fourplex Investment Opportunity

    This four-unit building in Paterson City presents an investment opportunity suitable for owner-occupancy or portfolio expansion. The property features two, two-bedroom units on the first floor, and two duplex units with six and five bedrooms respectively. Each unit has separate utilities. An unfinished basement offers additional potential. The building is located near a park, houses of worship, a school, and public transportation. The lot size is 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1833
    Latitude
    40.92091

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building in Paterson City, ideal for investors.
    Where is this quadplex located?
    The property is located at 38-40 Redwood Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $859,000.
    What are key features of this property?
    This property features: - Four units building: Excellent for owner-occupied or investment portfolio expansion.; - Separate utilities for each unit.; - Two units are spacious duplexes (6 bedrooms and 5 bedrooms).
    (866) 201-6210
    Request Owner's contact information
    38-40 Redwood Ave Paterson, NJ 07522
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    Paterson, NJ 07522
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38-40 Redwood Ave Paterson, NJ 07522
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