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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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40 Manchester Ave , Paterson City, NJ 07502
$860,000
Est. Payment: $4,376.72/mo
10 Bed
4 Bath
0 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
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House Description

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!
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Highlights

Listed by GUIDO BARRANTES , MP PROMISE LAND REALTY , 973-253-7330. Garden State MLS

Property Type

Multi-Family
Lot/Acreage
0.11

Year Built

1940

County

Passaic

Listing ID

4041532

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:WindowAC
Fireplaces:
Basement:Finished,Full
Other:Carbon Monoxide Detector,Fire Extinguisher,Marble Floors,Parquet Floors,Smoke Detector
Other:Public Water

Exterior Features

Lot:Level Lot
Lot Dimensions:50X100
Roof:Asphalt Shingle
Others:Vinyl Siding,1 Car Width,Blacktop
Sewer:Public Sewer
Principal Interest
$4,377
Taxes
$1,512

Home Price

$860,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$172,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,376.72

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,376.72 $1,512.42 $0.00 $5,889.14
Yearly $52,520.62 $18,149.00 $0.00 $70,669.62
Total $1,575,618.69 $544,470.00 $0.00 $2,120,088.69

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Paterson City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T22:38:21.000Z

© 2026 Garden State MLS