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Legal Three-Family Income Property

780 Madison Ave, Paterson, NJ 07504

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Pending

$549,900

MULTI_FAMILY - Paterson City, NJ

Lot size:

0.06 Acres

HighLights

Legal 3‑family property with all 3 units occupied on month‑to‑month rents
Separate utilities for each unit
Finished basement with walkout access
Water and sewer services: public water and public sewer
Year built: 1940
Heating includes steam and other heating; roof is shingle

We can help!

Contact an agent

FELIX CORDERO JR

Pending

$549,900

MULTI_FAMILY - Paterson City, NJ

Lot size:

0.06 Acres

Added:: Mar 12, 2026
Days on Market:: 119
Last Refresh:: Jul 8 at 3:06 am

Property Features for 780 Madison Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Bathrooms: 4
Rooms: Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Basement
Standard status: Pending
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 10611

Utilities

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

Building Details

Year built: 1940
Floors in Building: 3
Number of units: 3
Roof type: Shingle
Architectural style: Other

We can help!

Contact an agent

FELIX CORDERO JR

Listing agent FELIX CORDERO JR License #1431244

Listing office RE/MAX PROFESSIONALS I 264 WASHINGTON AVENUE, Belleville, NJ

Listing date Mar 12, 2026

MLS# 4014110 Listing URL

HighLights

Legal 3‑family property with all 3 units occupied on month‑to‑month rents
Separate utilities for each unit
Finished basement with walkout access
Water and sewer services: public water and public sewer
Year built: 1940
Heating includes steam and other heating; roof is shingle

Overview

This legal three-family property is configured as three separate residential units within one building. Each unit is independently served with separate utilities, and all three units are currently occupied on month-to-month arrangements. The property also includes a finished basement with a walkout access, adding additional usable space compared to a standard basement layout.

The building is located at 780 Madison Ave in Paterson City, Passaic County, New Jersey (07504-2409). The offering is being presented strictly as-is, reflecting the need for updates and general TLC.

For buyers seeking a residential income property, this asset provides an existing three-unit setup with independent utility arrangements and in-place occupancy. The month-to-month structure may appeal to an operator looking for flexibility, while the finished basement walkout can support tenant needs or future unit adjustments. Buyers should plan for renovation and update work, since the property is sold as-is.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Paterson
County: Passaic
State: New Jersey
Longitude: -74.15511
Latitude: 40.91418

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For sale
Triplexes
NJ
Paterson
07504
780 Madison Ave

What type of property is this?

Triplex - Legal three-unit building with separate utilities and month-to-month occupancy, offered in as-is condition.

Where is this triplex located?

The property is located at 780 Madison Ave Paterson, NJ.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Legal 3‑family property with all 3 units occupied on month‑to‑month rents; Separate utilities for each unit; Finished basement with walkout access

780 Madison Ave, Paterson, NJ 07504

MULTI_FAMILY - Paterson City, NJ

Property Features for 780 Madison Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use 6-Unit Property

Three-Family Income Property

Two-Unit Residential Income Property

Updated 4-Unit Mixed-Use Building

Three-Family Residential with Walk-Out

Industrial Yard with Office Space

Three-Family Under/Over Rebuilt Property

Two-Unit Multifamily Home

Secured Industrial Yard with Office

Corner Lot Multifamily with Bonus Basement

Renovated Triplex with Backyard

Two-Family Home with Off-Street Parking

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