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  • $925,000

    491 21St Ave UNIT 1, Paterson City, NJ 07513

    --beds
    6baths
    --sqft
    : 
    Apartment
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious residential apartments
    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!
    34 days
    on Zillow
    |
    78
    |
    1
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    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#: 3959587MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 491 21St Ave UNIT 1.

    Next available tour time:Tomorrow at 11am

    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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