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Amenities
- Dryer
- Garage
- Stainless Steel Appliances
- Washer
- Washer / Dryer
Property Details for 197-199 12th Avenue
| Status | Active - Active |
|---|---|
| MLS # | 25028238 |
| Days on Market | 129 |
| Taxes | $4,107 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | 5+ Mixed Use |
| Year Built | - |
| Lot Size | - |
| County | Passaic County |
Location
Payment Calculator
$17,612 per month
30 year fixed, 6.28% Interest
$17,270
$342
$0
Property Information for 197-199 12th Avenue
- Area name: Paterson
- Street Name: 12th
- County Name: PASSAIC
- Status: Active
- Zip Code: 07501
- Other Charges: True
- Tax: $4,107
- Year Built: New Const-New Fdn
- Propertype ro: O/See Rmrks
- Photo Number: 25
- CourtAppYN: No
- Full Baths Total: 0
- Num of Baths: 0.0
- Roof: Peaked
- 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
- 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.
- Owner pays: Common Area, Snow
Property History for 197-199 12th Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| 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 | — |
| Date | Event & Source | Price |
|---|---|---|
| 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
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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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.

























