54–56 17th Avenue
Paterson, New Jersey 07501
$1,179,000
5,634 SF Apartment Building | R-3 Zoning | Northern New Jersey
Please do not disturb the occupants.
Property at a Glance
Key metrics for 54–56 17th Avenue — a Northern New Jersey multifamily investment opportunity.
Asking Price
Building SF
Approximately
Lot Area (SF)
Approximately
Price Per SF
Approx. $209.27/SF
Monthly Rent
Owner-reported scheduled
Zoning
Multifamily / Apartment
Owner-Reported Bedrooms
Subject to independent verification.
Lot Dimensions: Approximately 50 × 103 Feet | FEMA Classification: Zone X / Minimal Flood Hazard
An Established Income-Producing Asset
TES Realty Group, Inc. is pleased to present 54–56 17th Avenue, an existing multifamily apartment investment opportunity in Paterson, New Jersey. According to available property records, the asset contains approximately 5,634 square feet on an approximately 5,149-square-foot parcel with R-3 zoning.
Based on the owner-reported rent schedule, the property currently generates approximately $8,655 in scheduled monthly rent, or $103,860 annualized. These figures are presented before vacancy, operating expenses, debt service and capital expenditures and remain subject to lease, payment-history and legal-rent verification.
The property is situated in an established residential neighborhood with convenient access to shopping, public transportation, parks and major roadways. Owner and listing materials report recent improvements, including updated electrical panels, refreshed common areas and low-maintenance exterior enhancements.
This offering provides an opportunity to acquire an income-producing Northern New Jersey multifamily asset with potential for improved operations and long-term rent growth, subject to Paterson rent-control requirements and all applicable tenant protections. Unit configuration, legal use, lawful rents, occupancy, expenses, property condition and all financial information must be independently verified by prospective purchasers.
Why This Opportunity
A curated set of investment considerations for qualified purchasers conducting independent due diligence.
Offered at $1,179,000
Existing multifamily apartment investment opportunity in Northern New Jersey. Approximately 5,634 SF building on an approximately 5,148.79 SF parcel with R-3 zoning.
Owner-Reported Income
Scheduled monthly rent of $8,655 and annualized scheduled rent of $103,860, as reported by owner and subject to independent verification.
Infrastructure & Utilities
Public water service, natural-gas heat and a two-car-wide driveway. Owner and listing materials report updated electrical panels and exterior enhancements.
Established Paterson Location
Located in an established residential neighborhood with convenient access to shopping, transportation, parks and major roadways throughout Northern New Jersey.
Operational Upside Potential
Opportunity to evaluate operating efficiencies and long-term rent growth. All rent growth remains subject to Paterson rent-control requirements and applicable tenant protections.
Purchaser Due Diligence Required
All rents, expenses, unit configuration, legal use, occupancy, property condition and financial information must be independently verified by prospective purchasers and their advisers.
Complete Property Information
Identification
Marketing Address: 54–56 17th Avenue, Paterson, NJ 07501
Mapped / Platform Address: 54 17th Avenue, Paterson, NJ 07501
APN: 08-04106-0000-00001-0000
MLS: 4044694
Zoning & Use
Property Type: Multifamily / Apartment Building
Zoning: R-3
Land Use: Apartment
Buildings: 1
Physical Characteristics
Building Area: Approximately 5,634 SF
Lot Area: Approximately 5,148.79 SF / 0.1182 Acre
Lot Dimensions: Approximately 50 × 103 Feet
Driveway: Two-Car-Wide
Parking Spaces: 4
Utilities & Taxes
Water: Public
Heat Source: Natural Gas
2025 Property Taxes: $20,144.96
2026 Assessment: $800,000
FEMA Classification: Zone X / Minimal Flood Hazard
Reported Property Improvements
Owner and listing materials report recent improvements that include updated electrical panels, refreshed common areas and low-maintenance exterior enhancements. Prospective purchasers should independently verify the scope, timing, permits, condition and remaining useful life of all improvements.
Property Photographs & Location
Aerial imagery is provided for general location context only and is not a boundary survey.
The property is located in an established Paterson residential neighborhood with convenient access to neighborhood shopping, public transportation, parks and regional roadways.
Prospective purchasers should independently evaluate transportation access, neighborhood conditions and location suitability for their investment objectives.
Retail Access
Neighborhood shopping within convenient proximity
Public Transit
Multiple transit options serving the immediate area
Parks & Recreation
Nearby parks and recreational amenities
Major Roadways
Convenient access to regional road networks