1. New Jersey
2. Paterson
3. 491 21st Avenue

491 21st Avenue, Paterson, NJ 07513

Property Description

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 residentia

Listing Status:

Active

Date Added:

April 28, 2025 at 05:00AM

Listing Office:

EXP Realty, LLC : 866-201-6210

Listing Agent:

Omar Fernandez : 973-968-9497

MLS ID:

25013942

Construction

• Roofing: Asphalt

Location

This listing courtesy of Omar Fernandez, EXP Realty, LLC