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274 Ellison St

Paterson City, NJ 07501
  • $499,000
  • STATUS: Active Under Contract
  • ON SITE: 70 Days
  • ID#: 3949328
Under Contract
UPDATED: 48 min ago
$499,000
  • 9
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

Welcome to this very well kept two-family property with two SPACIOUS apartments in the heart of Paterson. Both units have MTM leases and are currently rented below market value. These units have great UPSIDE POTENTIAL due to their large amount of living space. The first floor unit has 4 perfectly sized bedrooms and it was recently updated in 2021. The second floor duplex apartment features 5 bedrooms and 2 bathrooms. One of the bathrooms in the 2nd fl apt along with the kitchen were recently updated in the last 4 years. The large unfinished basement also has great potential for a buyer who plans to use their imagination. Come make this your next investment property or your new home!

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-16T12:47:08.52.
www.daunnorealty.com/homes/161158809
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274 Ellison St Paterson City, NJ 07501

  • Price: $499,000
  • Status: Active Under Contract
  • On Site: 70 Days
  • Updated: 48 min ago
  • ID#: 3949328
9
Beds
3
Baths
0
½ Baths
0.06
Acres
1940
Built
County:
Passaic
Area:
Paterson City
Property Description
Welcome to this very well kept two-family property with two SPACIOUS apartments in the heart of Paterson. Both units have MTM leases and are currently rented below market value. These units have great UPSIDE POTENTIAL due to their large amount of living space. The first floor unit has 4 perfectly sized bedrooms and it was recently updated in 2021. The second floor duplex apartment features 5 bedrooms and 2 bathrooms. One of the bathrooms in the 2nd fl apt along with the kitchen were recently updated in the last 4 years. The large unfinished basement also has great potential for a buyer who plans to use their imagination. Come make this your next investment property or your new home!
Exterior Features

Approximate Lot Size 25X100 Exterior Description Aluminum Siding Garage Description None Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating 2 Units Total Number Of Rooms 14 Unit1 Appliances Equipment Range/Oven - Gas Unit1 Baths 1.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenKitchen Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Range/Oven - Gas Unit2 Baths 2.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenKitchen Unit2 Rooms 8 Unit2 Sq Ft 0 Unit3 Room Description Bedrooms

Property Features

Assessment Total 176900 Building Assessment 157200 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 19700 Net Operating Income 0 Sewer Public Sewer Tax Amount 9013 Tax Rate Amount 5.095 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 0 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 1900 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1800 Unit2 Security Deposit 0 Unit3 Owner Tenant Pays Owner Pays Water Unit4 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Utilities All Underground Water Public Water Year Built Description Approximate

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-903-0444.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-16T12:47:08.52.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066