Duplex with Vacant Commercial
For Sale
$799,000
523 Park Ave, Paterson, NJ 07504
MULTI_FAMILY - Paterson City, NJ
Property SizeContact for details
Lot Size0.04 Acres
Days on Market51
Property Features for 523 Park Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 10, Bedroom 4, Bedroom 9, Bedroom 3, Basement, Bedroom 1, Bedroom 6
Interior features
Smoke Detector
Exterior features
Sidewalk
Lot features
Corner, Level Lot
Directions
East 33rd St. to Park Ave
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4972
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Roof type
Composition
Architectural style
Other
Listing Agency:
REALTY EMPIRE, LLC
(973) 510-2260
Listed By:
DOMINGO MENDEZ · License #304828
(201) 702-0223
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 11 at 5:06AM
MLS# 4036074
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 duplex includes two residential units and a vacant ground-floor commercial space. Each residential unit has five bedrooms and one full bath, supporting flexible use for investors, owner-occupants, or business operators. The property is delivered vacant and is being sold strictly as-is.
The mixed-use building sits on a highly visible corner lot at Park Avenue and East 33rd Street. Built in 1940, it features a composition roof and public utilities, including public water and public sewer. Exterior amenities include sidewalk access, and interior features include smoke detectors.
With a vacant commercial component and two multi-bedroom residential units, the property offers configuration flexibility for redevelopment or re-tenanting. Buyers should perform their own due diligence regarding permitted uses and any prior grandfathered approvals.
The mixed-use building sits on a highly visible corner lot at Park Avenue and East 33rd Street. Built in 1940, it features a composition roof and public utilities, including public water and public sewer. Exterior amenities include sidewalk access, and interior features include smoke detectors.
With a vacant commercial component and two multi-bedroom residential units, the property offers configuration flexibility for redevelopment or re-tenanting. Buyers should perform their own due diligence regarding permitted uses and any prior grandfathered approvals.
Key Highlights
- Highly visible corner lot at Park Avenue and East 33rd Street
- Two residential units, each with five bedrooms and one full bath
- Vacant ground‑floor commercial space previously operated as a laundromat
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 07504, NJ
13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units plus a vacant ground-floor commercial space delivered vacant and sold as-is.
Where is this duplex located?
The property is located at 523 Park Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Highly visible corner lot at Park Avenue and East 33rd Street; Two residential units, each with five bedrooms and one full bath; Vacant ground‑floor commercial space previously operated as a laundromat
