Legal 3-Unit Triplex with Separate
For Sale
$689,900
Pending
395 Madison Avenue, Paterson, NJ 07524
Legal 3-unit triplex offers all separate utilities, a finished basement, and spacious apartments with 3 bedrooms on two floors.
Property SizeContact for details
Days on Market80
Property Features for 395 Madison Avenue
General Information
Standard status
Pending
Property subtype
2-4 Family
Taxes and HOA fees
Annual Taxes
$11,406
Amenities
7
4
4.0
13
Finished, 1 bathroom
Building Details
Year Built
1940
Listing Agency:
Casa Real Property Group LLC
Listed By:
Nancy Pavic · License #242229
(973) 684-3088
Source:
Compass
Added: Jun 19
Changed: Aug 8
Last Checked: Jul 24 at 2:27PM
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 Casa Real Property Group LLC
Investment Insights
Based on property information with market context.
This legal 3-unit triplex is well maintained and configured for independent living, with all separate utilities. The property includes a finished basement and spacious apartment layouts, with 3-bedroom units on the first and second floors. The third-floor apartment features 1 bedroom, expanding rental flexibility. The first-floor unit is vacant, which can support an owner-occupant setup or an immediate rental following move-in. Additional amenities include a large backyard, and the roof is reported to be approximately 2 years old.
The property is described as conveniently located near shopping, public transportation, schools, and major highways, supporting everyday accessibility for tenants.
Easy to show, this property presents a straightforward income-oriented configuration with a mix of 3-bedroom and 1-bedroom apartments within the same building.
The property is described as conveniently located near shopping, public transportation, schools, and major highways, supporting everyday accessibility for tenants.
Easy to show, this property presents a straightforward income-oriented configuration with a mix of 3-bedroom and 1-bedroom apartments within the same building.
Key Highlights
- Legal 3‑unit triplex with 7 bedrooms and 4 full baths (13 rooms total).
- All separate utilities for each unit.
- Finished basement with 1 bathroom.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,701
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal 3-unit triplex offers all separate utilities, a finished basement, and spacious apartments with 3 bedrooms on two floors.
Where is this triplex located?
The property is located at 395 Madison Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Legal 3‑unit triplex with 7 bedrooms and 4 full baths (13 rooms total).; All separate utilities for each unit.; Finished basement with 1 bathroom.
