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Two-Story Duplex with Finished Attic
New
For Sale
$449,000
Pending

580 Madison Ave, Paterson, NJ 07514

Two-family property with enclosed porch, fenced yard, and convenient access to transportation.

Property SizeContact for details
Days on Market2

Property Features for 580 Madison Ave

General Information

Standard status Pending
Property subtype Multi Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $7,100

Amenities

enclosed porch
fenced-in yard

Building Details

Buildings 1
Units 2
Listing Agency: Century 21 Gemini REO Group
Listed By: MARIA FERRITO
Source: Elliman
Added: Sep 9 Last Checked: Sep 9 at 3:32PM

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 Century 21 Gemini REO Group

Investment Insights

Based on property information with market context.

This two-family duplex provides two bedrooms and one full bathroom on each level. Hardwood flooring is featured on the first floor, while the upper level includes an enclosed porch that expands the usable living area. A finished attic adds two separate rooms that can support office, guest, storage, or additional living uses. The property also includes a fenced yard for outdoor use and a newer roof.

Located at 580 Madison Ave in Paterson, the property offers access to transportation and sits in an area rated Very Walkable, with a walk score of 85. Transit and bicycle access are reflected in scores of 52 and 50, respectively.

Key Highlights

  • Two bedrooms and one full bathroom on each level
  • Finished attic with two separate rooms
  • Enclosed porch on the second floor

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop Dental Office Travel Agency (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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,979
Businesses Nearby

Demographics for 07514, NJ

19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family property with enclosed porch, fenced yard, and convenient access to transportation.
Where is this duplex located?
The property is located at 580 Madison Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two bedrooms and one full bathroom on each level; Finished attic with two separate rooms; Enclosed porch on the second floor
More about this property
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