Closed$519,900
TLC ≈ $4,410/mo
4 1 979 sqft
263 Richmond Avenue #265, Paterson, NJ 07502
1025-1027 Madison Avenue, Paterson, NJ 07501
$499,000
5 beds 3 baths 2,220 sqft Built 19260 days on marketActive
About this home
WOW! Offering 5 bedrooms, 2.5 baths & 3 levels of living space, this renovated Paterson home is a great opportunity for both investors & owner occupants! Renovated in 2025, the home features updated laminate flooring, a refreshed kitchen & plenty of flexible living space throughout. Step inside through the bright enclosed sunroom before entering the spacious living room. The main level continues into an eat-in kitchen featuring stainless steel appliances, plus 2 bedrooms & a full bath. Upstairs, you'll find additional spacious bedrooms & another full bath, while the third floor offers even more bonus space with endless possibilities for a rec room, home office, playroom, hobby space or storage. Outside, a large backyard provides plenty of room for outdoor entertaining, gardening & more. With 5 bedrooms, multiple living areas, recent renovations & tons of usable space, this property offers incredible versatility whether you're looking to make it your own or add to your investment portfolio. Conveniently located near shopping, dining, transportation & major roadways. Tenant occupied through the end of November 2026.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 4% APR.
Your estimated payment
$4,040/mo
- Real estate (PITI + HOA + PMI)
- $3,665
- Utilities
- $601
- Transportation
- $165
- Other (entertainment)
- $143
Principal + interest$2,263
Property tax + insurance$1,215
PMI / 2nd mortgage$187
Heating + cooling$146
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$165
Budget$5,000/mo
Remaining after TLC$960/mo
Purchase price
$499,000
Down payment
$24,950 (5%)
Loan amount
$474,050
APR
4%
Quick facts
Type
Single Family Residence
Style
Colonial
Year built
1926
Lot size
0.1148 ac
Stories
2
Heating
Baseboard, Radiant, Forced Air
Cooling
Central Air, Wall Unit(s)
Water
Public
HOA
—
Annual tax
$8,124
MLS #
2704993R
County
Passaic
At a glance
Air conditioning
Basement
Home features
Appliances
MicrowaveRangeElectric Water Heater
Interior
2 BedroomsKitchenLiving RoomBath OtherOther Room(s)Florida RoomBath Main1 Bedroom
Exterior
CurbsEnclosed Porch(es)Fencing/Wall
Community
Curbs
Parking
NoneOn Street
Patio & porch
Enclosed
Kitchen
Granite/Corian CountertopsEat-in Kitchen
Dining
Living Dining Combo
Flooring
Laminate
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, Level
Neighborhood — 07501
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 34,324 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 8.00% | 14.00% | 20.00% |
| Population Density | 16,116 | 1,137 | — |
| Male | 17,427 | 4,307,827 | 147,432,321 |
| Female | 16,897 | 4,525,010 | 151,655,844 |
| Never Married | 11,153 | 1,965,811 | 63,775,926 |
| Married | 6,603 | 3,647,435 | 123,120,365 |
| Separated | 3,615 | 391,239 | 12,639,686 |
| Widowed | 1,687 | 515,172 | 15,467,586 |
| Divorced | 2,225 | 529,393 | 23,075,029 |
| Number Of House Hold | 10,115 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 3.14 | 2.73 | 2.60 |
| Medial Age | 28.42 | 37.15 | 35.46 |
| Median House Hold Income | $29,377 | $63,392 | $48,276 |
| Average House Hold Income | $38,299 | $83,312 | $63,629 |
| P C I | $14,075 | $30,662 | $24,529 |
| M D I | $26,395 | $52,505 | $41,133 |
| A T H E | $36,762 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 79.22% | 81.02% | 77.74% |
(Zip) Code
7501
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 9/23/2026. Provided courtesy of EXP REALTY, LLC via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.