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Mixed-Use Property with Bodega
For Sale
$819,000

609 Madison Avenue Unit 2, Paterson, NJ 07514

Renovated upper-level apartments provide six bedrooms, three full bathrooms, and dedicated driveway parking.

Property Size9,999 SF
Price / SF$81.91
Days on Market471

Property Features for 609 Madison Avenue Unit 2

General Information

Standard status Active
Size 9,999 SF
Property subtype Multi Family / 3-Three Story
Net Operating Income $999,999

Taxes and HOA fees

Annual Taxes $11,270

Amenities

Yes
Asphalt Shingle
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Unfinished, Walkout
See Remarks
Vinyl Siding

Building Details

Year Built 1930
Listing Agency: EXP REALTY, LLC
Listed By: WILFRIDO PENA · License #250376
Source: Compass
Added: May 18, 2025 Changed: Aug 30 Last Checked: Aug 30 at 7:12PM

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 three-level mixed-use property combines a first-floor bodega with residential accommodations above. The commercial level includes the bodega inventory as part of the sale. The second floor contains three bedrooms and two full bathrooms, while the third floor adds three bedrooms and one full bathroom. The apartments have been renovated and maintained, with wood and tile flooring among the interior finishes.

A private driveway provides parking for five cars. The property is located at 609 Madison Avenue, Unit 2, in Paterson, New Jersey. Additional features include vinyl siding, asphalt shingles, smoke and carbon monoxide detectors, and a walkout area.

Key Highlights

  • First‑floor bodega with inventory included in the sale
  • Second floor has 3 bedrooms and 2 full bathrooms
  • Third floor includes 3 bedrooms and 1 full bathroom

Property Analytics

Current Use

Nieves Mini Market Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Nursing Home (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.

Location Intelligence

Trade Area within ½ mile

2,050
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

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?
Mixed-use property - Renovated upper-level apartments provide six bedrooms, three full bathrooms, and dedicated driveway parking.
Where is this mixed-use property located?
The property is located at 609 Madison Avenue Unit 2 Paterson, NJ.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: First‑floor bodega with inventory included in the sale; Second floor has 3 bedrooms and 2 full bathrooms; Third floor includes 3 bedrooms and 1 full bathroom
More about this property
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