Mixed-Use Property with
For Sale
$1,349,000
386-390 River St, Paterson, NJ 07524
Two-story property combines residential apartments, ground-floor commercial space, separate utilities, and a fenced parking area.
Property SizeContact for details
Days on Market17
Property Features for 386-390 River St
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$138,000
Taxes and HOA fees
Annual Taxes
$29,342
Building Details
Year Built
1991
Tenancy
Multi
Listing Agency:
UNITED REAL ESTATE
Listed By:
ROBERTO SANCHEZ · License #9333908
(888) 501-6953
Source:
Elliman
Added: Aug 17
Changed: Aug 31
Last Checked: Sep 1 at 8:33PM
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 UNITED REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use property includes four two-bedroom apartments on the second floor, each arranged with an open living and dining area, kitchen, bathroom, closets, and casement windows. The apartments were built in 1990–1991 and are currently occupied under month-to-month leases. Ground-floor space includes Units 5 and 6, totaling approximately 4,100 square feet, along with Units 7 and 8 on the Putnam St side. A full basement provides storage and utility-shop space.
The property has separate electric, heat, and water utilities. A fenced parking lot currently serves residential occupants with approximately six spaces. The address is close to NYC bus service, shopping, and major highways, with walkScore 75, bikeScore 50, and transitScore 35.
The property has separate electric, heat, and water utilities. A fenced parking lot currently serves residential occupants with approximately six spaces. The address is close to NYC bus service, shopping, and major highways, with walkScore 75, bikeScore 50, and transitScore 35.
Key Highlights
- Four second‑floor two‑bedroom apartments built in 1990–1991
- Approximately 4,100 SF across ground‑floor Units 5 and 6
- Ground‑floor Units 7 and 8 front the Putnam St side
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 07524, NJ
14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story property combines residential apartments, ground-floor commercial space, separate utilities, and a fenced parking area.
Where is this mixed-use property located?
The property is located at 386-390 River St Paterson, NJ.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Four second‑floor two‑bedroom apartments built in 1990–1991; Approximately 4,100 SF across ground‑floor Units 5 and 6; Ground‑floor Units 7 and 8 front the Putnam St side
