Active
Multifamily
54 Bloomfield Ave
Paterson City, NJ 07503
Beds
5
Square Ft.
2,500
$699,000
RARE BUILDABLE DOUBLE LOT opportunity in the heart of South Paterson. This renovated 2-family sits on an oversized 50x100 double corner lot with a private driveway and detached garage, a combination that is extremely hard to find in this area. What truly separates this property from others on the market… Read More is the additional development potential, including the possibility to build another 2-family or expand the existing structure (subject to buyer due diligence and municipal approvals), creating long-term upside for both investors and owner-occupants.Recent upgrades include brand new siding, brand new roof, brand new first-floor windows, and a newer furnace. The property offers two separate living spaces plus a finished basement with additional usable space, making it ideal for rental income or future value-add potential.In South Paterson, parking and land are everything, and opportunities like this rarely hit the market. Conveniently located just steps from Main Avenue, shopping, restaurants, public transportation, and major highways, this property offers strong appeal for both homeowners and tenants alike. Whether you're looking for a move-in-ready investment or a property with future expansion potential, this is a rare opportunity you do not want to miss. Private showings available now. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,500
Lot Size
0.11 Acres
Year Built
1940
MLS Number
4031670
30 Days Snapshot Of 07503
$550k
+176%
(avg) sold price
1
0%
home sold
86
-59%
(avg) days on market
Snapshot
Area Map
Courtesy of THE HAMDAN GROUP.
Additional Details
Basement
Unfinished, Yes
Building
Built in 1940, Renovated in 2025
Cooling
1 Unit, Ceiling Fan
Exterior Features
Vinyl Siding
Garage
2 garage spaces, Detached Garage
Water Features
Gas, Public Water
Heating
Gas-Natural, 1 Unit
Lot
Approximate Lot Size: 50X100, 0.11 acres, Corner
Parking
4 parking spaces, 2 Car Width, Blacktop
Property
2,500 sqft building, 2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $10,536, Tax Rate: 5.335
Unit One
1 bathroom, 2 bathrooms, 1,250 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit Two
1 bathroom, 3 bathrooms, 1,250 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities
Electric, Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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