NJ > Paterson City
Paterson City, NJ 07514,399 E 28th Street
Paterson City, NJ 07514,399 E 28th Street
Paterson City, NJ 07514,399 E 28th Street
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$1,400,000
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399 E 28th Street Paterson City, NJ 07514

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Multi-Family, Condo

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4003256

Year Built 2021

Annual Tax Amount $16,227

Tax Year 2025

Property Description

Incredible investment opportunity in Paterson! This fully occupied 6-family property features six spacious units, each offering 3 bedrooms and 2 bathrooms - ideal for steady rental income and tenant retention. Additionally, the fully finished basement includes two bonus units: a 2-bedroom/1-bath and a 3-bedroom/1-bath, adding valuable rental potential. Currently generating $13,250/month in rental income, with below-market rents and room for strategic updates, this property offers strong value-add upside. The building sits on a 50 x 100 lot and includes a private driveway with four dedicated parking spaces - a key amenity in this area. The structure is well maintained with updated mechanicals, offering peace of mind and reduced long-term maintenance costs. Annual taxes: $16,227.58. Buyers are encouraged to verify zoning with the city regarding the basement units, which could unlock even greater income. Prime location near transit, schools, and amenities.

Location

State NJ

County Passaic

Zoning R2

Rooms

Basement Finished

Interior

Heating Electric, Gas-Natural

Cooling 4+ Units, Geothermal

Flooring Wood

Equipment Appliances, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Concrete, Vinyl Siding

Garage Spaces 6.0

Utilities Available Gas In Street

Roof Type Flat, Rubberized

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REALTY OF AMERICA

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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399 E 28th Street

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