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Duplex with Finished Attic
New
For Sale
$429,000

580 Madison Avenue, Paterson, NJ 07514

Two separate two-bedroom living levels are complemented by enclosed porch space and a fenced outdoor area.

Property SizeContact for details
Days on Market5

Property Features for 580 Madison Avenue

General Information

Standard status Active
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

Building Details

Buildings 1
Listing Agency: Century 21 Gemini Realty, LLC
Listed By: Maria Ferrito
Source: Tarvinrealtors
Added: Oct 9 Changed: Oct 13 Last Checked: Oct 13 at 12:21AM

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 Realty, LLC

Investment Insights

Based on property information with market context.

This duplex has two bedrooms and one full bathroom on each of its two levels. Hardwood flooring is present on the first floor, while the upper level includes an enclosed porch. Above, a finished attic contains two separate rooms. The property also has a fenced yard and a newer roof.

Transportation is nearby. The property has a Walk Score of 85, a Bike Score of 50, and a Transit Score of 52.

Key Highlights

  • Two levels, each with 2 bedrooms and 1 full bathroom
  • Finished attic with 2 separate rooms
  • Fenced yard

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop Travel Agency (Bike/Boat/Book/etc) Store Restaurant Tattoo & Piercing Shop

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
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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 separate two-bedroom living levels are complemented by enclosed porch space and a fenced outdoor area.
Where is this duplex located?
The property is located at 580 Madison Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two levels, each with 2 bedrooms and 1 full bathroom; Finished attic with 2 separate rooms; Fenced yard
More about this property
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