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609 Madison Ave #2, Paterson, NJ, 07514

6beds
3.1baths
9,999sqft
$795,000
$80price/sqft
$7,002/moest. monthly cost
$280,080/yrincome needed

About This Home

MIX USED MULTI- FAMILY.1ST FLOOR BODEGA WITH THE INVENTORY INCLUDED IN THE SALE.2ND FLOOR HAS 3 FULL BEDROOMS AND 2 FULL BATH.3RD FLOOR HAS 3 BEDROOMS AND FULL BATH. ALSO HAS A DRIVEWAY FOR 5 CARS. APARTMENTS ARE RENOVATED AND VERY WELL MAINTAIN.SELLER VERY MOTIVATED

Getting Around

87
WalkingVery Walkable
50
TransitGood Transit
50
BikeBikeable

Schools

3/10
School 13Grades K-80.2 mi
5/10

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3.1
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • See Remarks,Bedrooms,Eat-In Kitchen,Living Room
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 2 Units,Baseboard - Hotwater,See Remarks,Natural Gas
  • Cooling features: 1 Unit,Window Unit(s)

Interior Area

  • Total structure area: 9,999
  • Total interior livable area: 9,999 sqft

Property

Details

  • Parcel number: 2508034200000000110000

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Exterior features: See Remarks

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 34 x 77

Parking

  • Total spaces: 5
  • Parking features: 1 Car Width,Asphalt,Driveway-Exclusive
  • Uncovered spaces: 5

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

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Winter Weather
Cold Wave
Heat Wave
Inland Flooding

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $4,019$48,228
Home Insurance *$384$4,608
Property Taxes $1,497$17,964
Electricity $1,102$13,226
Total$7,002$84,024
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$240,068/yr
40% on housing$210,060/yr
45% on housing$186,720/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$80This listing

vs Other Active Listings

Avg $/sqft

ZIP 07514$378
Passaic County$342

vs Homes Sold Last Month

Median $/sqft

ZIP 07514$243
Passaic County$345

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)

No zestimate history available

Price History

DateEventPrice
2026-04-30Price change$795,000
2025-11-25Price change$819,000
2025-07-02Listed for sale$849,000

For Sale by Agent

AgentWilfrido Pena
BrokerageExp Realty, Llc

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