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Corner Mixed-Use Income Property

523 Park Ave Paterson, NJ 07504

523 Park Ave, Paterson, NJ, 07504
$799,000
For Sale
$799,000

MULTI_FAMILY - Paterson City, NJ

Lot Size0.04 Acres
Days on Market26

Property Features for 523 Park Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
3
Rooms
Bedroom 8, Bedroom 1, Bedroom 4, Bedroom 9, Basement, Bathroom 3, Bedroom 5, Bedroom 10, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 7, Bathroom 1
Interior features
Smoke Detector
Exterior features
Sidewalk
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
414 CLIFTON AVE -, Hoboken, NJ
Listed by DOMINGO MENDEZ
Added: Jun 22 Checked: Jul 17 at 9:06 pm
MLS# 4036074 Listing URL

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 corner property at 523 Park Ave features two residential units and an additional vacant commercial space. Each residential unit is configured with five bedrooms and one full bath. The first-floor commercial space is delivered vacant and previously operated as a laundromat, presenting redevelopment, owner-occupancy, or business-use options subject to due diligence.

The property is situated on a highly visible corner lot at Park Avenue and East 33rd Street. It is also described as being conveniently located near schools, parks, shopping, public transportation, and major highways.

The entire property is being sold vacant and strictly as-is. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.

Key Highlights

  • Highly visible corner mixed‑use property on Park Avenue and East 33rd Street
  • Two residential units: each unit has 5 bedrooms and 1 full bath
  • Vacant commercial space on the first floor previously operated as a laundromat

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Storage Facility Catering Service Garden Center Veterinary Clinic Tech Support Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Mixed-use corner property includes two residential units plus a vacant former laundromat commercial space.
Where is this duplex 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: Highly visible corner mixed‑use property on Park Avenue and East 33rd Street; Two residential units: each unit has 5 bedrooms and 1 full bath; Vacant commercial space on the first floor previously operated as a laundromat
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More about this property
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