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33899954
33899955

474 TENTH AVE, PATERSON, NJ 07514-2763

NT
NJ 7821189
Nicholas Real Estate Agency
Listed by Nicholas Real Estate Agency
$2,000,000
6 days on market
Updated 6 days ago

474 10TH AVE PATERSON NJ 07514-2763

Details
APN 1608_8311_4
Property Type Multifamily
Sub Type Apartment Building
Units 7
Cap Rate 7.00%
Occupancy 100%
Year Built 2022
Buildings 1
Stories 2
Lot Size (SqFt) 4,907
Parking Spaces 10 spaces

About This Property

Marketing description

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.

Listing Contacts

NT
NJ 7821189
Nicholas Real Estate Agency
Listed by Nicholas Real Estate Agency

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Map

Zoning

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R-2 ResidentialTwo FamilyResidential
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View all 4 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Nicholas Tselepis
License
7821189
Brokerage
Nicholas Real Estate
Title
Broker/Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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