For Sale Multi-Family MLS# 4041532

40 Manchester Ave

Paterson City, NJ 07502

$820,000

garden-state-mls logo

About 40 Manchester Ave

Excellent investment opportunity with great income potential! This property features one additional unit that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there. The property offers 12 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income, or to be used as a large storage area. The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer for 5 more years. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential! Adjusting the price to correct a miscalculation of the last reduction. Still an affordable price for a property that produces $9,000 income a month. Breakdown available upon request. TAKE ADVANTAGE AND MAKE IT YOURS NOW...!!!

Property details

Property

Type
multi
Year built
1940
Lot
0.11 ac
List date
Jul 17, 2026

Schools

District
Paterson City School District

Ask about this property

Questions on 40 Manchester Ave, Paterson City, NJ 07502, or want to see it in person?

Listed by PROMISE LAND REALTY

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.