Welcome to 491 21st Avenue, an outstanding income-producing property offering exceptional flexibility and growth potential. This unique opportunity features two separate buildings on one lot in a high-visibility, high-traffic location within the vibrant People's Park neighborhood.The front building includes a fully-leased retail storefront currently used as a dentist office at street level and two spacious residential apartments above, ideal for consistent, diversified rental income. The rear building offers two additional residential apartments, providing even greater earning potential. Property Highlights: 8.5% cap rate and Total of 5 rental units (1 commercial + 4 residential) Strong rental history with immediate income generation, Separate entrances for all residential units, Low-maintenance exterior with brick facade, Prime high-traffic location perfect for business exposure, Close proximity to public transportation, shopping, schools, and major highways. Zoned for residential and commercial use, offering investment flexibility. With minimal operating expenses and a "turn-key setup, this property is perfect for investors seeking stable cash flow or entrepreneurs looking to live and operate a business on-site. Nothing to do but collect rents!
Active
$925,000
491 21St Ave UNIT 1, Paterson City, NJ 07513
--beds
6baths
--sqft
Est.:
Apartment
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious residential apartments
- 34 days
- on Zillow |
- 78 |
- 1 |
Zillow last checked: June 01, 2025 at 11:55pm
Listing updated: April 29, 2025 at 06:02am
Listed by:
Omar Fernandez 973-968-9497,
Exp Realty, Llc
Source: GSMLS,MLS#: 3959587

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
Heating
- 4+ Units, Radiators - Hot Water, Radiators - Steam, Natural Gas
Cooling
- None
Features
- Doors: Max Door Height: 0
- Basement: Yes,Bilco-Style Door,Full,Unfinished
Interior area
- Total structure area: 5,580
Property
Parking
- Parking features: None, On-Street Parking
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 3,049.2 Square Feet
- Dimensions: 30 x 100
- Features: Business District, Residential Area
Details
- Parcel number: 2508089060000000180000
- Zoning description: Mixed
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- See Remarks
- Roof: Asphalt Shingle
Condition
- Year built: 1940
Utilities & green energy
- Gas: Gas In Street
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Gas In Street
Community & HOA
Community
- Security: Fire Alarm, Smoke Detector(s)
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $420,100
- Annual tax amount: $21,404
- Date on market: 4/29/2025
- Inclusions: Building & Land, Building Only
- Ownership type: Fee Simple
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