85 Berkshire Ave, Paterson City, NJ 07502
Passaic County
Key Facts
Description
85 Berkshire Avenue presents a turnkey three unit residential asset in Paterson. This semi attached building offers four on site parking spaces. All three apartments are renovated and fully rented with stabilized in place income. Operations are streamlined with separate utilities; an above ground oil tank provides heat to Apartments 2 and 3, and those two tenants share the fuel cost. Common owner expenses are modest and on site parking supports durable performance. The property is near the Totowa border and close to shopping, bus lines, and major roadways. A low maintenance, separately metered asset for investors seeking steady cash flow.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story / Under/Over
Stories
3
Lot Size
0.16 acres
Days on Market
116
MLS® Listing#
4004125
Property Features
Cooling
Heating
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$10,424
Tax year 2024
Assessed Value
$204,600
Parcel Number
2508-01610-0000-00008-0000-
Directions
Union Ave to Berkshire Ave
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Paterson City, NJ
- $614,489
- Median Listing Price
- 48
- Median Days on Market
- 1,351
- Median Sq Ft
- $428
- Median Price / Sq Ft
- 3,178
- Active Listings
- This home’s price is 10% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Paterson City, NJ.
Location
Points of Interest in Paterson City, NJ
Showing the Paterson City area map.
Nearby Schools
Don Bosco Technical High School
Secondary · 0.1 mi away
John F. Kennedy High School
Secondary · 0.4 mi away
School 19
Elementary · 0.4 mi away
Paterson Public Schools
Elementary · 0.4 mi away
School No 7
Elementary · 0.6 mi away
School 29
School · 0.6 mi away
Paterson Public Schools
Elementary · 0.7 mi away
Dawn Treader Christian School
Secondary · 0.8 mi away
Garrett Morgan Academy
Secondary · 0.8 mi away
St. Gerard Majella School
Elementary · 0.8 mi away
School 14
School · 0.8 mi away
Paterson Arts and Science Charter School
School · 0.9 mi away
College Achieve Paterson Charter School
School · 0.9 mi away
International High School
Secondary · 0.9 mi away
Community Charter School of Paterson
Elementary · 0.9 mi away
Compassion House Outreach
School · 0.9 mi away
School 2
Elementary · 0.9 mi away
Memorial School
Elementary · 1.0 mi away
John P Holland Charter School
School · 1.1 mi away
Passaic County Technical-Vocational Schools
Secondary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 84 Union St C3, Newark City, NJ | $474,000 | 3 | 3 | 1,276 |
| 6219 MONMOUTH AVENUE, VENTNOR CITY, NJ | $474,900 | 3 | 1 | 1,617 |
| 608-612 W 8Th St, Plainfield City, NJ | $474,900 | 3 | 2 | — |
| 532 Fulton St, Elizabeth City, NJ | $474,999 | 3 | 2 | — |
| 16 E Kinney St, Newark City, NJ | $474,999 | 3 | 3 | — |
| 294 LEMBECK AVE, Jersey City, NJ | $474,999 | 3 | 2 | — |
Moving Cost Estimate
EXIT Agents in Paterson City
Listing Courtesy: REAL - 8554500442