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82 Montclair Ave, Paterson, NJ, 07503

5beds
2baths
1,998sqft
$999,999
$501price/sqft
$7,670/moest. monthly cost
$306,800/yrincome needed

About This Home

One of a Kind 2 family with large vacant corner lot in South Paterson/Clifton Border. Massive upside for Investors & Developers. This is a golden opportunity for future development. Unlimited potential with what you can do with this unique property. Currently, the first floor is vacant with a new kitchen, tenant occupied2nd floor. separate utilities, detached garage. large unfinished attic can be easily finished into an additional apartment. Call/Text LA Russ. owner is a licensed real estate broker in NJ.

Getting Around

88
WalkingVery Walkable
49
TransitSome Transit
53
BikeBikeable

Schools

--
School 11 (Newcomers)Grades 3-111.3 mi
5/10
Dr Hani Awadallah SchoolGrades PK-80.3 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Eat-in Kitchen,Living Room,Master Bedroom,Eat-In Kitchen

Heating & Cooling

  • Heating features: 2 Units,Electric,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,998
  • Total interior livable area: 1,998 sqft

Property

Details

  • Parcel number: 2508068060000000010000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 10,018 sqft
  • Lot size dimensions: 90 x 100

Parking

  • Total spaces: 2
  • Parking features: 1 Car Width,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Uncovered spaces: 2

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
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Heat Wave
Lightning

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 $5,056$60,672
Home Insurance *$511$6,132
Property Taxes $1,883$22,596
Electricity $220$2,642
Total$7,670$92,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$262,971/yr
40% on housing$230,100/yr
45% on housing$204,533/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

$501This listing

vs Other Active Listings

Avg $/sqft

ZIP 07503$448
Passaic County$341

vs Homes Sold Last Month

Median $/sqft

ZIP 07503$327
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
2026-05-04Listed for sale$999,999

For Sale by Agent

AgentRussell Juzdan
BrokerageEmily Abdy Realty Group

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