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About This Home

This 5-bedroom, 3-bathroom residential multi family at 94 Manchester Ave in Paterson City, NJ is listed for $520,000. Built in 1939, on a 0.06 acres lot.

Agent Description

2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential.

The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units.

There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.

Key Features

  • Built in 1939
  • 0.06 acre lot

Property Details

3 full
1939

Amenities

Basement

Monthly Cost Estimate

$2,781/mo

20% down · 6.5% · 30 years

Principal$376
Interest$2,253
Insurance$152

Estimates only. Actual payments may vary.

Location

94 Manchester Ave

Paterson City, NJ 07502-1905

Property Details

Construction

Vinyl Siding

Heating

Forced Air

Appliances

Oven - GasRange

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 94 Manchester Ave is listed at $520,000. The estimated monthly payment is $2,253 based on 20% down at 6.5% interest.

Key features include: Built in 1939, 0.06 acre lot.

This property is listed by MATTHEW GEVIRTZ and can be reached at 8662016210 or Tc@gtluxurygroup.com.

MG

MATTHEW GEVIRTZ

Agent at EXP REALTY, LLC

(866) 201-6210

Listed by EXP REALTY, LLC · View on Broker Site

MLS# 4031912· Source: listhub· Updated 1 days ago

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

94 Manchester Ave, Paterson City, NJ 07502-1905

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