Vacant Mixed-Use Corner
For Sale
$799,000
523 Park Ave, Paterson, NJ 07504
Multi-Family, 3-Three Story, Paterson City, NJ
Property SizeContact for details
Lot Size0.04 Acres
Days on Market73
Property Features for 523 Park Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Basement, Bedroom 7
Interior features
Smoke Detector
Exterior features
Sidewalk
Lot features
Corner, Level Lot
Directions
East 33rd St. to Park Ave
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4972
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Roof type
Composition
Architectural style
Other
Listing Agency:
REALTY EMPIRE, LLC
(973) 510-2260
Listed By:
DOMINGO MENDEZ · License #304828
(201) 702-0223
Added: Jun 22
Changed: Aug 19
Last Checked: Sep 2 at 2:06PM
MLS# 4036074
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes two residential units, each configured with 5 bedrooms and 1 full bath. The ground floor contains a vacant commercial area that previously operated as a laundromat. The property is being conveyed vacant and in as-is condition, with a basement, composition roof, sidewalk frontage, smoke detector, public water, and public sewer. Built in 1940, the building occupies a 0.04-acre corner parcel at Park Avenue and East 33rd Street in Paterson City, New Jersey.
The surrounding area includes schools, parks, shopping, public transportation, and major highways. Its corner position and combination of residential and commercial space provide a flexible configuration for an owner, investor, or business user, subject to independent verification of permitted uses and any prior approvals.
The surrounding area includes schools, parks, shopping, public transportation, and major highways. Its corner position and combination of residential and commercial space provide a flexible configuration for an owner, investor, or business user, subject to independent verification of permitted uses and any prior approvals.
Key Highlights
- Two residential units with 5 bedrooms and 1 full bath each
- Vacant ground‑floor commercial space previously operated as a laundromat
- 0.04‑acre corner parcel at Park Avenue and East 33rd Street
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 07504, NJ
13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
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?
Mixed-use property - Flexible building with two residential units and a ground-floor commercial area delivered vacant for new ownership plans.
Where is this mixed-use property located?
The property is located at 523 Park Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two residential units with 5 bedrooms and 1 full bath each; Vacant ground‑floor commercial space previously operated as a laundromat; 0.04‑acre corner parcel at Park Avenue and East 33rd Street
