474 10Th Ave | Paterson City

$2,000,000 | 7 Baths (7 Half) | 0.0 Sq. Ft.

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a 30-year tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages. GSMLS 4037286

Directions to property: CORNER OF E 29TH ST AND 10TH AVE

MLS Listing ID: 
GSMLS 4037286
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
2022
Living Area: 
0.0
Construction
Construction Materials: 
See Remarks
Roof: 
Flat
Exterior: 
See Remarks
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
7
Total Half-Bathrooms: 
7
Utilities
Information about utilities available on the property.
Heating System: 
Forced Hot Air
Heating System Fuel: 
Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
50X98
Waterfront: 
0
Lot Features
Driveway: 
Parking Lot-Exclusive
Parking Type: 
Parking Lot-Exclusive
Public Record
Parcel Number: 
2508-08311-0000-00004-0000-
Lot Number: 
4
Annual Tax: 
$2,048.00
Property Zoning: 
R1
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
6/26/2026
Contract Details
Details about the listing contract.
Inclusions: 
See Remarks
Possession: 
AT CLOSING
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
NICHOLAS REAL ESTATE AGENCY