Newer 7-Unit Apartment
For Sale
$2,000,000
474 10Th Ave, Paterson, NJ 07514
Constructed in 2022, this fully occupied seven-unit building offers in-unit laundry and gated on-site parking.
Property SizeContact for details
Days on Market50
Property Features for 474 10Th Ave
General Information
Standard status
Active
Property subtype
Commercial Listing
Zoning
R1
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$2,048
Amenities
in-unit laundry
gated parking
Building Details
Year Built
2022
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
(973) 634-8853
Listed By:
Nicholas Real Estate
(973) 634-8853
Source:
Nicholasrealestate.idxbroker
Added: Jul 4
Changed: Aug 8
Last Checked: Aug 22 at 3:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nicholas Real Estate
Investment Insights
Based on property information with market context.
This newer 7-unit apartment building was constructed in 2022 and is fully occupied. The unit mix consists of five 2-bedroom apartments and two 1-bedroom apartments, each with modern layouts. All units include in-unit laundry, and tenants have access to gated on-site parking.
The property is positioned with easy access to Route 20, Route 4, and Route 208, supporting convenient commuter connectivity and proximity to everyday shopping and dining.
Additional terms noted in the public remarks include a 30-year tax abatement with 26 years remaining, which may contribute to lower taxes while supporting cash flow.
The property is positioned with easy access to Route 20, Route 4, and Route 208, supporting convenient commuter connectivity and proximity to everyday shopping and dining.
Additional terms noted in the public remarks include a 30-year tax abatement with 26 years remaining, which may contribute to lower taxes while supporting cash flow.
Key Highlights
- 7‑unit apartment building constructed in 2022 and fully occupied
- Unit mix includes five 2‑bedroom units and two 1‑bedroom units
- In‑unit laundry in every unit
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 07514, NJ
19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Constructed in 2022, this fully occupied seven-unit building offers in-unit laundry and gated on-site parking.
Where is this apartment building located?
The property is located at 474 10Th Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 7‑unit apartment building constructed in 2022 and fully occupied; Unit mix includes five 2‑bedroom units and two 1‑bedroom units; In‑unit laundry in every unit
