1. New Jersey
2. Paterson
3. 399-401 E 28th Street

399-401 E 28th Street, Paterson, NJ 07514

Property Description

Incredible investment opportunity in Paterson! This fully occupied 6-family property features six spacious units, each offering 3 bedrooms and 2 bathrooms - ideal for steady rental income and tenant retention. Additionally, the fully finished basement includes two bonus units: a 2-bedroom/1-bath and a 3-bedroom/1-bath, adding valuable rental potential. Currently generating $13,250/month in rental income, with below-market rents and room for strategic updates, this property offers strong value-add upside. The building sits on a 50 x 100 lot and includes a private driveway with four dedicated parking spaces - a key amenity in this area. The structure is well maintained with updated mechanicals, offering peace of mind and reduced long-term maintenance costs. Annual taxes: $16,227.58. Buyers are encouraged to verify zoning with the city regarding the basement units, which could unlock even greater income. Prime location near transit, schools, and amenities.

Listing Status:

Active

Date Added:

July 18, 2025 at 05:00AM

Listing Office:

Realty of America LLC : 833-256-4244

Listing Agent:

Juan T Morel : 929-408-7820

MLS ID:

25026131

Interior

• Heating: BaseboardCentral AirOther Fuel Source/See Rmk

Location

Utilities

Financial

This listing courtesy of Juan T Morel, Realty of America LLC