197-199 12th Ave

$3,495,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough,...New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.

Amenities

  • Dryer
  • Garage
  • Stainless Steel Appliances
  • Washer
  • Washer / Dryer
LISTING UPDATED: 12/01/2025 09:37 AM

Property Details for 197-199 12th Avenue

StatusActive - Active
MLS #25028238
Days on Market129
Taxes$4,107 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS Type5+ Mixed Use
Year Built-
Lot Size-
CountyPassaic County

Location

Listing Courtesy of Keller Williams Team Realty, Gershon Adjaye
Add your commute

Payment Calculator

$17,612 per month

30 year fixed, 6.28% Interest

Principal and Interest

$17,270

Property Taxes

$342

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 197-199 12th Avenue

Summary
Location and General Information
  • Area name: Paterson
  • Street Name: 12th
  • County Name: PASSAIC
  • Status: Active
  • Zip Code: 07501
Taxes and HOA Information
  • Other Charges: True
  • Tax: $4,107
Property
Lot Information
  • Year Built: New Const-New Fdn
  • Propertype ro: O/See Rmrks
Property and Assessments
  • Photo Number: 25
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Peaked
Agent
Sale and Listing Information
  • Management Phone: (973) 583-3030
  • Search Class: MIX, 5+ Mixed Use
  • List Price: $3,495,000.00
  • Listing Date: 08-07-2025
  • Status Date: 11-24-2025
Showing Information
  • Internet Remarks: New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.
Rental
Rental Information
  • Owner pays: Common Area, Snow

Property History for 197-199 12th Avenue

DateEvent & SourcePriceAppreciation
Nov 25, 2025

Price Change

NJMLS #25028238

$3,495,000
Nov 17, 2025

Price Change

NJMLS #25028238

$3,595,000
Aug 28, 2025

Price Change

NJMLS #25028238

$3,695,000
Aug 6, 2025

Listed (Active)

NJMLS #25028238

$3,850,000
DateEvent & SourcePrice
11/25/2025

Price Change

NJMLS #25028238

$3,495,000
11/17/2025

Price Change

NJMLS #25028238

$3,595,000
08/28/2025

Price Change

NJMLS #25028238

$3,695,000
08/06/2025

Listed (Active)

NJMLS #25028238

$3,850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 197-199 12th Avenue

This home is within Paterson Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 3
Public - PK to 5
Public - K to 8
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 15
PublicPK to 5

Senator Frank Lautenberg School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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197-199 12th Avenue is a mixed use property for sale in Paterson, NJ 07501. This property was listed for sale on August 7, 2025 by Keller Williams Team Realty, it's currently listed at $3,495,000. This listing's school district is Paterson Public School District. Nearby schools include Dale Avenue Elementary School, Edward W. Kilpatrick Elementary School and School 15. 197-199 12th Avenue is a 0-bed, 0-bath, mixed use property.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Team Realty, Gershon Adjaye

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/14/2025 05:37 AM. Source: New Jersey Multiple Listing Service, Inc. © 2025 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/14/2025 05:37 AM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.