Paterson Multifamily Property For
For Sale
$775,000
Pending
605 Madison, Paterson, NJ 07514
Three-unit residential building with income potential in Paterson, NJ.
Property SizeContact for details
Days on Market259
Property Features for 605 Madison
General Information
Standard status
Pending
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$14,336
Listing Agency:
eXp Realty, LLC
(732) 821-6400
Listed By:
MATTHEW ROWACK
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Jul 16 at 9:59AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
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
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 is the asking price?
The asking price for this property is $775,000.
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.
