Paterson Multifamily Property For
For Sale
Contact for pricing
Pending
605 Madison, Paterson, NJ 07514
Three-unit residential building with income potential in Paterson, NJ.
Property SizeContact for details
Days on Market320
Property Features for 605 Madison
General Information
Standard status
Pending
Property subtype
Multi Family 2-4 Units
Listing Agency:
EXP Realty, LLC
Listed By:
Matthew Rowack
(732) 789-8300
Source:
Capmarkrealty
Added: Nov 27, 2025
Changed: Oct 2
Last Checked: Oct 12 at 4:49PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily property located in Paterson, NJ, features a total of 10 bedrooms and 5 bathrooms across three units. Unit 1 and Unit 2 are currently occupied and leased for $3200 monthly each. These units each contain 3 beds and 2 baths, and feature central A/C. The third unit is vacant and contains 4 beds and 1 bath. The property includes a full unfinished basement and a backyard. Street parking is available. This property presents a potential opportunity for investors seeking monthly income and cash flow.
Key Highlights
- High Income Potential: Two units currently leased at $3200 per month, with a vacant 4‑bedroom unit offering further income opportunities.
- Multi‑Family Structure: A 3‑family home ideal for investors seeking rental income.
- Large Units: Features a total of 10 bedrooms and 5 bathrooms across three units.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,904
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-unit residential building with income potential in Paterson, NJ.
Where is this apartment building located?
The property is located at 605 Madison Paterson, NJ.
What are key features of this property?
This property features: High Income Potential: Two units currently leased at $3200 per month, with a vacant 4‑bedroom unit offering further income opportunities.; Multi‑Family Structure: A 3‑family home ideal for investors seeking rental income.; Large Units: Features a total of 10 bedrooms and 5 bathrooms across three units.
