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Second-Floor 3BR Apartment
For Lease
$2,400/Mo

505 Union Ave 2, Paterson, NJ 07522

Second-floor 3BR unit with living room, dining kitchen, and tile bath; tenant pays most gas utilities.

Space SizeContact for details
Days on Market97

Property Features for 505 Union Ave 2

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1920
Listing Agency:
Listed By: DAVID KELLEY
Source: Elliman
Added: May 9 Changed: Jul 22 Last Checked: Aug 12 at 6:42AM

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 DAVID KELLEY

Investment Insights

Based on property information with market context.

This is a second-floor 3-bedroom apartment with a good-sized living room. The unit includes a kitchen with a dining area and a tile bathroom.

Tenant is responsible for all gas utilities except cold water and sewer. The lease requires a satisfactory credit application, and the property does not allow pets. On-street parking is available, and the unit is scheduled to be available 6-1-2026.

The property is located in the Totowa section of Paterson, NJ, with walkability rated as very walkable, bikeability as somewhat bikeable, and transit as good.

Key Highlights

  • 2nd‑floor apartment in Totowa section of Paterson with 3 bedrooms
  • Good‑size living room plus dining area in the kitchen
  • Tile bath

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Catering Service Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,353
Businesses Nearby

Demographics for 07522, NJ

23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Second-floor 3BR unit with living room, dining kitchen, and tile bath; tenant pays most gas utilities.
Where is this residential income property located?
The property is located at 505 Union Ave 2 Paterson, NJ.
What is the lease rate?
The lease rate is $2,400/Mo.
What are key features of this property?
This property features: 2nd‑floor apartment in Totowa section of Paterson with 3 bedrooms; Good‑size living room plus dining area in the kitchen; Tile bath
More about this property
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