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$575,000

494-496 Park Ave Paterson, NJ 07504

7 beds
4 full
Multi-Family

Property details

About 494-496 Park Ave

Calling all investors and first time homebuyers. This versatile 2 Family home is a fantastic investment opportunity in a great neighborhood. The property comprises 2 apartments the First Floor unit has 5 rooms with two bedrooms eat-in kitchen living room and a full bath. The 2nd unit is comprised of the 2nd and 3rd floors and has 3 large bedrooms one with large closet and private bathroom. Formal living room, dining room, kitchen, and bathroom. Third Floor has an additional 2 comfortable bedrooms, family room area and full bathroom. Ideally located just a short distance from train & bus stops, commuting is a breeze, and no car is necessary. Additionally, there are separate utilities. On-street parking is permitted and is easy to find. Whether looking for a prime rental income property or a convenient urban lifestyle, this home offers all of that and more.

Highlights

Home typeMulti Family
StatusActive
MLS #25009714

Summary

  • Full Bathrooms: 4
  • Total Bedroom Count: 7
  • List Price: $575,000
  • MLS Number: 25009714
  • Office Name: Elite Real Estate Group
  • Office Phone: (201) 944-9000
  • Listing Agent: Dave M Delorme

IDXDisclaimer: 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 Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/14/2025, 7:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

4

Gilbert Avenue School

Public District KG-5

0.5 mi

151 Gilbert Ave

6

School 1

Public District KG-5

0.8 mi

1 E 32nd St

6

Sixteenth Avenue School

Public District PK-5

0.9 mi

73 16th Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $93,478. Residents of Paterson, NJ typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

21%
<35k
32%
35k-100k
21%
100k-200k
26%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

32%
Single, No Kids
11%
Single, with Kids
30%
Married, No Kids
27%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
46%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Men's TennisMen's Tennis
  • TennisTennis
  • Live TheatreLive Theatre

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Crate & BarrelCrate & Barrel
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • The Cheesecake FactoryThe Cheesecake Factory
  • StarbucksStarbucks
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolvoVolvo
  • BMWBMW
  • MercedesMercedes

What do the neighbors listen to?

  • NewsNews
  • JazzJazz
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 494-496 Park Ave

The listing price of 494-496 Park Ave property is $575,000.

The property 494-496 Park Ave is a multi located in Paterson, New Jersey, 07504.

Active Listing: 494-496 Park Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 494-496 Park Ave are: Gilbert Avenue School (GreatSchools Rating 4/10), School 1 (GreatSchools Rating 6/10), Sixteenth Avenue School (GreatSchools Rating 6/10), Memorial Middle School (GreatSchools Rating 5/10), Don Bosco Academy (GreatSchools Rating 2/10), School 20 (GreatSchools Rating 3/10), Memorial Senior High School (GreatSchools Rating 2/10), Rosa L. Parks School of Fine and Performing Arts (GreatSchools Rating 1/10), Fair Lawn High School (GreatSchools Rating 7/10).

This home is located at 494-496 Park Ave in Paterson, NJ and zip code 07504 in the Eastside Park neighborhood. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $575,000.

Between May and June 2025, Paterson, NJ real estate market has seen increase in the number of listings by 25.9%. In June 2025 median list price was $499,900 and the average listing age was 80 days.

From Rocket Homes Real Estate and based on county public records data.

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