94 Manchester Ave, Paterson, NJ, 07502
About This Home
2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1939
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 2021
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,Electric Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Kitchen,Living Room,Living/Dining Room
Heating & Cooling
- Heating features: 2 Units,Forced Air,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 2508009030000000160000
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 25 x 100
Parking
- Parking features: None,See Remarks
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,629 | $31,548 |
| Home Insurance * | $181 | $2,172 |
| Property Taxes | $979 | $11,748 |
| Electricity | $193 | $2,318 |
| Total | $3,982 | $47,784 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Listed for sale | $499,900 |
| 2026-03-26 | Listing removed | $529,900 |
| 2026-03-14 | Price change | $529,900 |
| 2026-02-12 | Listed for sale | $539,900 |
| 2026-01-30 | Pending sale | $539,900 |
| 2026-01-25 | Listed for sale | $539,900 |
| 2025-10-30 | Listing removed | $539,900 |
| 2025-10-06 | Pending sale | $539,900 |
| 2025-07-29 | Listed for sale | $539,900 |
| 2025-07-10 | Pending sale | $539,900 |
| 2025-06-03 | Price change | $539,900 |
| 2025-05-05 | Price change | $549,000 |
| 2025-04-08 | Listed for sale | $589,900 |
| 2021-03-06 | Listing removed | -- |
| 2017-12-06 | Sold | $137,500 |
| 2016-11-22 | Listing removed | $180,000 |
| 2016-08-24 | Price change | $180,000 |
| 2016-06-03 | Listed for sale | $165,000 |
| 2016-01-01 | Listing removed | $140,000 |
| 2015-09-24 | Price change | $140,000 |
| 2015-08-18 | Price change | $159,000 |
| 2015-07-29 | Price change | $179,000 |
| 2015-01-31 | Listed for sale | $199,000 |
| 2008-05-23 | Listing removed | $269,900 |
| 2008-04-05 | Listed for sale | $269,900 |
| 2005-11-18 | Sold | $226,000 |
| 2002-11-15 | Sold | $120,000 |
For Sale by Agent
View on Zillow