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    465 Union Ave Paterson, NJ 07522

    For Sale
    $579,000

    Mixed-use property featuring a restaurant and a 2-bedroom apartment.

    Lot size:
    0.03 Acres

    Property Features for 465 Union Ave

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1952

    Source: REDFIN CORPORATION Agent RUBEN D. ROMERO

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

    Overview

    Mixed-Use Property in Paterson

    The mixed-use property at 465 Union Ave in Paterson features a practical layout suitable for both residential and commercial purposes. The second floor contains a 2-bedroom apartment. The first floor is occupied by a restaurant with an existing tenant. The basement is unfinished and equipped with high ceilings and central air conditioning. The property is located in an area characterized by a mix of commercial and residential buildings, with convenient access to Union Avenue.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rainbow House Chinese Restaurant Hillcrest Consulting Services Business Management Consultant

    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
    -74.1837058
    Latitude
    40.9224388

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring a restaurant and a 2-bedroom apartment.
    Where is this mixed-use property located?
    The property is located at 465 Union Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: - Mixed-use property suitable for residential and commercial purposes.; - Existing tenant in the first-floor restaurant space provides immediate income.; - Second-floor features a **2-bedroom apartment**.
    (609) 216-7035
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    465 Union 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
    465 Union Ave Paterson, NJ 07522
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