488 Paulison Avenue

Passaic, NJ 07055

$779,000
Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic opportunity: Fully Occupied Duplex (Side-by-Side). This beautifully rehabbed 2-family duplex offers modern living and is fully occupied, making it a great income-generating property. Recently renovated in 2020, the home features:New Roof for added peace of mind,New Eat-In Kitchens with updated appliances and finishes. Spacious Living Rooms providing ample space for relaxation and entertainment. Fully Renovated Bathrooms with modern fixtures, Laundry Area for convenience in each unit,Separate...Fantastic opportunity: Fully Occupied Duplex (Side-by-Side). This beautifully rehabbed 2-family duplex offers modern living and is fully occupied, making it a great income-generating property. Recently renovated in 2020, the home features:New Roof for added peace of mind,New Eat-In Kitchens with updated appliances and finishes. Spacious Living Rooms providing ample space for relaxation and entertainment. Fully Renovated Bathrooms with modern fixtures, Laundry Area for convenience in each unit,Separate Driveways with space for up to 5 cars. Private, Fenced-In Backyard with metal fencing, perfect for outdoor activities and privacy. Conveniently located near major highways (Routes 21, 46, 3, 80, 17), public transportation, shopping, restaurants, schools, and a hospital -this property offers both comfort and convenience for its tenants. Whether you're an investor or looking for a home with rental income potential, this is a property you don't want to miss!
  1. Listed by NICOLA STAMPONE • COLDWELL BANKER REALTY

Property Details for 488 Paulison Avenue

Directions
Route 46 to Paulison Ave
Days On Market
1
LISTING UPDATED: 12/06/2024 01:04 PM

Property Details for 488 Paulison Avenue

StatusActive
MLS #3937073
Days on Market12
Taxes$8,580 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex-Side by Side
Year Built1950
Lot Size0.11 AC / 4,791 SF
CountyPassaic County

Building Information for 488 Paulison Avenue

Stories-Residences2Year Built1950Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 488 Paulison Avenue

Summary
Location and General Information
  • Active Days on Market: 1
  • Renovated Year: 2020
  • County #: Passaic
  • Town Name: Passaic City
  • Block Identifier: 2196
  • Listing Type: Exclusive Right to Sell
  • Town #: 2507.0
  • Street # Display: 488.0
  • # Parking Spaces: 5
  • County Or Parish: Passaic
  • Street Name: Paulison Ave
  • Zip Code: 07055-3153
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,580
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 214300.0
  • Tax ID For Property: 2507-02196-0000-00005-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Blacktop
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 5
  • Approximate Lot Size: 50X100
  • Total Acres: 0.11
  • Construction Date/Year Built: 1950
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 146600.0
  • Assessment Land: 67700.0
  • Farm Assessment: No
Utilities
  • Cooling: 2 Units
  • Services: Cable TV Available
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units, Radiators - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick/Block, Vinyl Siding
  • Exterior Features: Metal Fence, Open Porch(es), Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Partial
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 1300.0
  • Unit 1 Room Description: Attic, Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Master Bedroom
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 1300.0
  • Unit 1 Sq Ft: 887.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1500.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Master Bedroom
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 1500.0
  • Unit 2 Sq Ft: 887.0
Multi-Family Information
  • Unit Style: Duplex-Side by Side
Income & Expenses Information
  • Total Operating Expense: $10,600.00
  • Expenses Include: Insurance, Taxes
  • Net Operating Income: $23,000.00
  • Gross Operating Income: $33,600.00
Rental
Rental Information
  • Home Warranty: false

Property History for 488 Paulison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 488 Paulison Avenue

Taxable ValueLand$67,700Additions$146,600Total$214,300
Tax Record2023$8,581 ($715 / month)
Home Facts
Beds0Total Finished SqFt1,774 SqFtAbove Grade Finished SqFt1,774 SqFtStories1Lot Size5,000 SqFtStyleSingle Family ResidenceYear Built1950ZoningR-3CountyPASSAICAPN07 02196-0000-00005

Schools near 488 Paulison Avenue

This home is within Passaic City Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 8
Public - 6 to 12
Rating
School
Distance
Passaic High School
Public9 to 12

Number 4, Lincoln Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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488 Paulison Avenue is a multi-family home for sale in Passaic, NJ 07055. This property was listed for sale on December 5, 2024 by COLDWELL BANKER REALTY, it's currently listed at $779,000. It has been on the market for a total of 12 days and was last sold on April 11, 2019. This listing's school district is Passaic City Public School District. Nearby schools include Number 11, Cruise Memorial Elementary School, Passaic High School and Number 4, Lincoln Middle School. 488 Paulison Avenue is a 4-bed, 2-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, NICOLA STAMPONE

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/18/2024 09:31 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/18/2024 09:31 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.