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491 21st Avenue, 
Paterson, NJ 07513

$925,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Omar Fernandez

eXp Realty, LLC.

866-201-6210

Last updated:

May 7, 2025, 03:15 PM

MLS#

25013942

Source:

NJ MLS

About This Home

491 21st Avenue

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!

Home Facts

Multi-Family

Price Summary

925,000

MLS #:

25013942

Last Updated:

May 7, 2025, 03:15 PM

Added:

18 day(s) ago


Finances & Disclosures

Finances

Price:

$925,000

MLS Logo
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Coldwell Banker Liberty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: May 7, 2025. Source: New Jersey Multiple Listing Service, Inc. 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.