5 Montclair Avenue Paterson, NJ 07503

Listing agency Gild Realty M***@gildrealty.com Show Phone

Listed by Mahmoud Ijbara · License #301508 Show Phone

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Added: Jun 2 Updated: Jul 22 at 2:18AM Checked: Jul 22 at 2:18AM

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Investment Insights

Based on property information with market context.

Brand-new luxury two-family duplex offering two identical units, each with three bedrooms, two full bathrooms, a spacious living room, dining room, and a private primary suite with its own bath. In addition, there is a ground-level studio with a full bathroom, which can serve as guest space or rental income. The property includes modern finishes and an attached garage.

Located in South Paterson near local restaurants, the library, shops, and NYC buses. For tax considerations, the remarks cite a low $3,000/year property tax rate under a 5-year tax abatement.

The configuration is well suited for an owner seeking rental income from the two full units while also benefiting from the separate ground-level studio layout.

Key Highlights

• Newly constructed 2‑family home with 6 bedrooms and 5 full bathrooms total
• Two identical units, each with 3 bedrooms and 2 full baths, plus living and dining rooms
• Each unit includes a private primary suite with its own bath

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FAQs

What type of property is this?

Duplex - Newly constructed two-family home with attached garage, offering two 3-bedroom units plus a ground-level studio.

Where is this duplex located?

The property is located at 5 Montclair Avenue Paterson, NJ.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Newly constructed 2‑family home with 6 bedrooms and 5 full bathrooms total; Two identical units, each with 3 bedrooms and 2 full baths, plus living and dining rooms; Each unit includes a private primary suite with its own bath