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Triplex with Wood Floors
For Sale
$699,000

490 Union Ave, Paterson, NJ 07522

Multi-Family, 3-Three Story, Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market39

Property Features for 490 Union Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 9, Bedroom 6, Bedroom 5, Bedroom 4, Basement, Bathroom 3, Bedroom 7, Bedroom 8, Bathroom 2, Bedroom 3
Patio and Porch features Porch
Interior features Smoke Detector, Wood Floors
Exterior features Open Porch(es)
Elementary school NUMBER 5
Middle school NUMBER 27
High school JFK
Directions See Google Maps
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14559

Utilities

Sewer type Public Sewer
Heating system Other (Heating), Steam
Water source Public

Building Details

Year built 1900
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: REALTY ONE GROUP LEGEND
Listed By: ZAKIRUL HIMEL · License #393652
Added: Aug 1 Changed: Sep 4 Last Checked: Sep 8 at 12:06PM
MLS# 4044308

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This triplex at 490 Union Ave includes nine bedrooms, three bathrooms, a basement, wood flooring, and an open porch. The property was built in 1900 and is served by steam heating, public water, and public sewer. A shingle roof completes the existing improvements on the 0.06-acre parcel.

The property is in Paterson City near shopping, restaurants, schools, parks, major highways, and public transportation. Its residential layout and three-bathroom configuration support continued use as a multifamily property, subject to applicable requirements.

Key Highlights

  • Triplex configuration with 9 bedrooms and 3 bathrooms
  • 0.06‑acre parcel at 490 Union Ave
  • Wood flooring and open porch

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Catering Service Nursing Home (Bike/Boat/Book/etc) Store Restaurant Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,810
Businesses Nearby

Demographics for 07522, NJ

23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential income property with wood flooring, porch space, steam heat, and public water and sewer.
Where is this triplex located?
The property is located at 490 Union Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Triplex configuration with 9 bedrooms and 3 bathrooms; 0.06‑acre parcel at 490 Union Ave; Wood flooring and open porch
More about this property
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