Mixed-Use Property with Commercial
For Sale
$799,000
523 Park Ave, Paterson, NJ 07504
Two residential units each offer five bedrooms and one full bath.
Property SizeContact for details
Days on Market128
Property Features for 523 Park Ave
General Information
Standard status
Active
Property subtype
Multi Family Home
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
residential, commercial, number_of_buildings, number_of_stories, occupancy_rate, operating, opportunity_zone, parking_ratio, parking_spaces, property_size, pylon_signage, road_access, sprinkler_system, tenancy, traffic_count, utilities_to_site, year_built, year_renovated, zoning, tenant_in_place, noi, asking_price, cap_rate, gross_income, condition, condition_reason, mixed_use_components, abandoned, amenities, anchor_cotenants, business, construction_style, corner_location, drive_thru, end_cap, floor, frontage_ft, highway_access, liquor_license, lot_size
Units
Unit Mix
2 x 5BR/1BA
Multifamily Units
2
Amenities
Smoke Detector
Sidewalk
Building Details
Year Built
1940
Units
3
Listing Agency:
Realty Empire, LLC
Listed By:
Domingo Mendez · License #304828
(973) 510-2260
Source:
Culturaunitedrealty
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 26 at 3:46AM
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 Realty Empire, LLC
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Investment Insights
Based on property information with market context.
This mixed-use building, constructed in 1940, combines two residential units with a ground-floor commercial space. Each residence has five bedrooms and one full bath. The commercial area is vacant and was previously used as a laundromat; the property is being sold vacant and as-is.
The building occupies the corner of Park Avenue and East 33rd Street in Paterson. Schools, parks, shopping, public transportation, and major highways are cited among the surrounding area’s amenities.
The building occupies the corner of Park Avenue and East 33rd Street in Paterson. Schools, parks, shopping, public transportation, and major highways are cited among the surrounding area’s amenities.
Key Highlights
- Two residential units, each with 5 bedrooms and 1 full bath
- Vacant ground‑floor commercial space previously used as a laundromat
- Built in 1940
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units each offer five bedrooms and one full bath.
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, each with 5 bedrooms and 1 full bath; Vacant ground‑floor commercial space previously used as a laundromat; Built in 1940
