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    242 Union Ave Paterson, NJ 07502

    For Lease
    $2,500 /Mo

    Well-maintained 3-bedroom, 2-bath residence in Paterson's Hillcrest section.

    Lot size:
    0.10 Acres

    Property Features for 242 Union Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1980

    Source: WORLD CLASS GROUP Agent SHAFIKUL A. CHOWDHURY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious 3-Bedroom Residence in Paterson

    Located in the Hillcrest section of Paterson, this well-maintained residence at 242 Union Avenue features 3 bedrooms and 2 bathrooms. The unit offers an open layout, updated kitchen and bathrooms, and ample natural light. Its location provides convenient access to public transportation, major highways, schools, and shopping. The property is move-in ready and available for immediate occupancy.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1912631
    Latitude
    40.9171279

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    FAQs

    What type of property is this?
    Multifamily property - Well-maintained 3-bedroom, 2-bath residence in Paterson's Hillcrest section.
    Where is this multifamily property located?
    The property is located at 242 Union Ave Paterson, NJ.
    What are key features of this property?
    This property features: - Move-in ready condition for immediate occupancy; - Updated kitchen and bathrooms; - Spacious 3-bedroom, 2-bath layout
    (973) 720-1111
    Request Owner's contact information
    242 Union Ave Paterson, NJ 07502
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    Paterson, NJ 07502
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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
    242 Union Ave Paterson, NJ 07502
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