UNDER CONTRACT

Pending

$399,000

Est. $3,158/mo —

•

—

sq ft

83 Madison St, Paterson, NJ 07501

About this home

Bankruptcy Sale. This property consists of two buildings with bonus units. Both buildings have walk-out basements. The sale for this and other properties is taking place on October 22nd at the Wyndham Garden Totowa, featuring five multi-family and mixed-use properties in Paterson. Properties are each being sold individually, all free and clear of liens, back taxes, etc. Low published reserve prices. BUILDING OCCUPIED. DO NOT APPROACH TENANTS.

Multi-familyProperty Type

4,791 sq ftLot Size

Listed by OREN KLEIN • AUCTIONADVISORS

Contact: 973-753-1313

Listing updated: Aug 17, 2026 at 11:20am

Redfin checked: 2 minutes ago

•Source:GSMLS #3989414

Payment calculator

$3,158 per month

Principal and interest$2,097

Property taxes

$998

HOA dues

Home insurance

$63

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN TODAY, 1PM TO 4PM
$1,875,000
3 beds3.5 baths— sq ft
20 Feldman Ct, Paramus, NJ 07652
The Agency One Rock-Paramus, (201) 975-4141
OPEN THU, 5PM TO 7PM3D WALKTHROUGH
$1,480,000
5 beds4 baths— sq ft
15 Bethany Cir, Closter, NJ 07624
Coldwell Banker, Alpine/Closter, (201) 767-0550
OPEN SAT, 12PM TO 3PM
$799,999
6 beds4 baths2,908 sq ft
133-135 23rd Ave, Paterson, NJ 07513
OPEN SAT, 12PM TO 3PM
$799,999
5 beds4 baths— sq ft
135 23rd Ave, Paterson, NJ 07513
CQR Continental Quality Realty, (973) 894-3200
OPEN SAT, 1PM TO 3PM
$2,099,000
6 beds5.5 baths— sq ft
60 W Hobart Gap Rd, Livingston, NJ 07039-5205
OPEN SAT, 1PM TO 3PM
$3,050,000
5 beds6.5 baths— sq ft
24 Cliffside Dr, Livingston, NJ 07039-1207
OPEN SAT, 2PM TO 4PM
$615,000
4 beds2.5 baths— sq ft
108 Thomas St, Bloomfield, NJ 07003-2411
REDFIN OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$600,000
3 beds2 baths— sq ft
130 Vreeland Ave, Bloomingdale, NJ 07403-1139
OPEN SUN, 1PM TO 4PM
$899,000
4 beds2.5 baths— sq ft
557 Westwood Ave, River Vale, NJ 07675
Realmart Realty, LLC, (888) 362-6543
OPEN SEP 12, 12PM TO 2PM
$489,900
3 beds1 bath— sq ft
10 Moore Pl, Nutley, NJ 07110
Keller Williams Realty - NJ Metro Group, (973) 783-7400

Around this home

Schools

K - 12
Preschool & daycare

Some nearby schools may not be within this home's attendance zone. Please check the Paterson Public School District website to verify.

School 15

Public PreK-5 • 0.2mi

3/10

Alexander Hamilton Academy

Public K-8 • 0.3mi

3/10

Alternative High School - Yes Academy

Public 9-12 • 0.2mi

Provided by GreatSchools

About Sandy

Hill

Sandy Hill, located between Downtown Paterson and the Great Falls Historic District, is a residential and civic Paterson neighborhood with hillside streets and a courthouse-era streetscape. The neighborhood’s character concentrates around the Passaic County Courthouse complex on McBride Avenue, where stone civic buildings, bus stops, and lunchtime foot traffic set a steady weekday rhythm. Blocks of older multifamily homes and small apartment buildings mix with institutional architecture tied to county offices. The nearby Great Falls National Historical Park adds a dramatic natural edge and a walking-loop feel to the area. Paterson Museum and the Lambert Castle overlook give the neighborhood a strong sense of place and local history.

Provided by Walk Score and Local Logic

Property details

Parking

Parking Information
Parking/Driveway Description: On-Street Parking, See Remarks

Interior

Bathroom Information
# Of Full Bathrooms: 6

Room Information
# Of Rooms: 14
Has Basement
Basement Description: Walkout

Heating & Cooling
Heating: See Remarks
Heating Fuel Type: Electric, Gas-Natural, See Remarks
Cooling: See Remarks

Multi Unit Information
# Of Units: 4
Net Operating Income: 0
Gross Operating Income: 102000
Total Operating Expenses: 0

Unit 1 Information
# Of Bedrooms: 3
# Of Bathrooms: 1
# Of Levels: 1
# Of Rooms: 5
Room Description: See Remarks
Appliances/Equipment: See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 2000

Unit 2 Information
# Of Bedrooms: 4
# Of Baths: 1
# Of Levels: 1
# Of Rooms: 6
Room Description: See Remarks
Appliances/Equipment: See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 1500

Unit 3 Information
# Of Bedrooms: 2
# Of Baths: 1
# Of Levels: 2
# Of Rooms: 4
Room Description: See Remarks
Appliances/Equipment: See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 2000

Unit 4 Information
# Of Bedrooms: 3
# Of Baths: 1
# Of Levels: 2
# Of Rooms: 5
Room Description: See Remarks
Appliances/Equipment: See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 1500

Exterior

Exterior Features
Siding Description: See Remarks
Roof Description: Asphalt Shingle

Property Information
Unit Style: See Remarks

Lot Information
Approximate Lot Size: 50,100

Financial

Tax Information
Tax Amount: $18,484
Tax Rate Amount: $5.09
Tax Year: 2024
Tax Rate Year: 2024

Assessment Information
Assessment Building: $332,400
Assessment Land: $30,400
Assessment Total: $362,800

Utilities

Utility Information
Utilities: Electric, Gas-Natural
Sewer: Public Sewer
Water Source: Public Water

Electricity and solar

View estimated energy costs and solar savings for this home

Internet

View available providers

Public facts

Beds: —
Baths: —
Finished Sq. Ft.: —
Unfinished Sq. Ft.: —
Total Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Passaic County
APN: 2508-06109-0000-00020-0000-

Home facts updated by county records on Sep 27, 2025

Other

Listing Information
Attribution Contact: 973-753-1313

Sale and tax history for 83 Madison St

Sale History
Tax History

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

50 ft.

Lot depth

100 ft.

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Passaic County

APN

2508-06109-0000-00020-0000-

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 27, 2025.

FIFTH WARD - RA-2

Fifth Ward Redevelopment Area - RA-2 District

The primary goal of this Plan, and the redevelopment effort is to bring economic and community development to the Area, and to improve the quality of life for residents and businesses in the Area. The RA-2 residential district is designed to permit a more intensive residential use of land with various types of dwellings. Density is maintained in medium range, while building height is kept low enough to be generally compatible with one and two-family residential development.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 100° expected this year, 15 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Paterson, NJ • 07501

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

82/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.4 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 83 Madison St

$576,617

$178K over list price of $399K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $480K to $735K.

SOLD MAY 8, 2026
$490,000 Last sold price
6 beds2 baths— sq ft
379 Straight St, Paterson, NJ 07501
United Real Estate
smaller lot
no basement
SOLD JUL 10, 2026
$505,000 Last sold price
4 beds2 baths— sq ft
148 Martin St, Paterson, NJ 07501
Gild Realty
smaller lot
SOLD SEP 2, 2025
$480,000 Last sold price
— beds— baths— sq ft
27 Oak St, Paterson, NJ 07501-3780
no basement
SOLD JUL 15, 2026
$490,000 Last sold price
5 beds3 baths— sq ft
282 Hamilton Ave, Paterson, NJ 07501
Keller Williams Park Views
smaller lot
no basement
SOLD JUL 31, 2026
$735,000 Last sold price
12 beds4 baths— sq ft
86 Pennington St, Paterson, NJ 07501
Realty One Group Legend, Clifton
smaller lot
no basement
SOLD JUL 9, 2026
$630,000 Last sold price
7 beds4 baths— sq ft
780 Madison Ave, Paterson, NJ 07501
RE/MAX Professionals 1
smaller lot
no basement

This home is pending

The seller has accepted an offer, and this property is now .

Have questions?

Bruno Nunes

Paterson Redfin Agent

Bruno Nunes typically replies in about 27 minutes

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Details provided by GSMLS and may not match the public record. Learn more.

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