Paterson NJ Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.09 Acres
- Baths:
- 4.00
- MLS#:
- 3913886
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Courtesy: REALTY ONE GROUP LEGEND
973-772-0660
ADDITIONAL INFORMATION
Here it is....an opportunity to live rent free by collecting rents from this 4 family property. Updates includes front siding, exterior doors, roof (replaced two years ago), 2 hot water heaters and 2 boilers (heat). Big attic for a possible addition to second floor apartments to make extra bedrooms. Area is under revitalization with new buildings and/or brand new houses within the vicinity.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 15
- Lot size:
- 0.09 Acres
- Year built:
- 1930
- Baths:
- 3.00
- MLS#:
- 3907107
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Courtesy: ESTATES PRIME REALTY
201-292-3777
ADDITIONAL INFORMATION
Huge three-family house, featuring 5 bedrooms on each floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), and all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area, therefore your new rent roll will be $9600. The owner will cooperate with 3.5% seller concession if the offer is a full asking price.
$689,900
400 SUMMER ST Paterson, NJ 07501
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.04 Acres
- Year built:
- 1940
- Baths:
- 4.00
- MLS#:
- 3895631
- Subdivision:
- Sandy Hill
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Courtesy: BLUE RIBBON REALTY
973-636-2110
ADDITIONAL INFORMATION
Fantastic investment income producing property. 4 family home with two 2bedroom apartments and two 1 bedroom apartments fully leased. Separate utilities. New roof 3 yrs ago. All units in very good condition. Annual rent $59,112. NOI $47,351
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Courtesy: Group Twenty Six, LLC
201-969-2626
ADDITIONAL INFORMATION
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in Purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of NJMLS. Real estate listings held by brokerage firms other than the owner of this site are marked 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. Some properties listing 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.Paterson Real Estate
The median home value in Paterson, NJ is $391,600. This is lower than the county median home value of $447,000. The national median home value is $338,100. The average price of homes sold in Paterson, NJ is $391,600. Approximately 24.68% of Paterson homes are owned, compared to 69.35% rented, while 5.97% are vacant. Paterson real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Paterson real estate agent to arrange a tour today!
Paterson, New Jersey 07501 has a population of 157,927. Paterson 07501 is less family-centric than the surrounding county with 25.76% of the households containing married families with children. The county average for households married with children is 29.96%.
The median household income in Paterson, New Jersey 07501 is $48,540. The median household income for the surrounding county is $78,386 compared to the national median of $69,021. The median age of people living in Paterson 07501 is 33.1 years.
Paterson Weather
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 21.3 degrees. The average rainfall is approximately 48.9 inches per year, with 25.1 inches of snow per year.