54 Bloomfield Ave , Paterson City, New Jersey 07503-2428

  • $699,000

Description

RARE BUILDABLE DOUBLE LOT opportunity in the heart of South Paterson. This renovated 2-family sits on an oversized 50×100 double corner lot with a private driveway and detached garage, a combination that is extremely hard to find in this area. What truly separates this property from others on the market is the additional development potential, including the possibility to build another 2-family or expand the existing structure (subject to buyer due diligence and municipal approvals), creating long-term upside for both investors and owner-occupants.Recent upgrades include brand new siding, brand new roof, brand new first-floor windows, and a newer furnace. The property offers two separate living spaces plus a finished basement with additional usable space, making it ideal for rental income or future value-add potential.In South Paterson, parking and land are everything, and opportunities like this rarely hit the market. Conveniently located just steps from Main Avenue, shopping, restaurants, public transportation, and major highways, this property offers strong appeal for both homeowners and tenants alike. Whether you’re looking for a move-in-ready investment or a property with future expansion potential, this is a rare opportunity you do not want to miss. Private showings available now.

  • City: Paterson City
  • State/county: Passaic

Details

Updated on June 16, 2026 at 9:08 am
  • Property ID HZ4031670
  • Price $699,000
  • Property Size 2500
  • Bedrooms 5
  • Bathrooms 2
  • Property Type Residential Income
  • Property Status Active

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Queens Realty New Jersey

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