Incredible Investment Opportunity on Elm Street, Paterson, NJ! Welcome to 9-11 Elm Street, a phenomenal property presenting an unmatched investment potential in the heart of Paterson, New Jersey. This unique listing offers not just a 3-family home on one lot but also a bonus second lot, measuring 25x110 feet. Imagine the possibilities! The existing 3-family home, built in the 1940s, features two one-bedroom apartments and a spacious two-bedroom unit, providing a solid foundation for rental income or a comfortable residence with added financial benefits. What makes this property truly exceptional is the potential for expansion on the adjoining lot. With dimensions of 25x110 feet, this space is perfect for building a new two-family property. Seize the opportunity to maximize your investment returns in this redevelopment zone. It's an ideal chance for those looking to increase their income potential through smart development.
Sold for $570,000
$570,000
11 Elm St, Paterson, NJ 07501
4beds
--sqft
Multi Family
Built in ----
-- sqft lot
$685,200 Zestimate®
$--/sqft
$2,061 Estimated rent
Home value
$685,200
$624,000 - $754,000
$2,061/mo
Zestimate® history
Owner options
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$4,181/mo
Est. payment
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$4,181/mo
Est. payment
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List your homeWhat's special
Elm streetSpacious two-bedroom unit
Zillow last checked:
Listing updated:
Listed by:
Johnny Rodriguez 973-390-7319,
Realty One Group Legend, Clifton
Bought with:
Johnny Rodriguez
Realty One Group Legend, Clifton
Source: NJMLS,MLS#: 23035278
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Laundry: None
Property
Parking
- Total spaces: 10
- Parking features: Garage
- Garage spaces: 10
Details
- Parcel number: 0804703000000027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $142,900
- Annual tax amount: $6,396
- Date on market: 11/15/2023
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2024 | Sold | $570,000-3.2% |
Source:  NJMLS #23035278 Report a problem | ||
| 12/10/2023 | Pending sale | $589,000 |
Source: NJMLS #23035278 Report a problem | ||
| 11/16/2023 | Listed for sale | $589,000+425.9% |
Source: NJMLS #23035278 Report a problem | ||
| 12/9/1999 | Sold | $112,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,281 +3.9% | $142,900 |
| 2024 | $7,006 +1.8% | $142,900 |
| 2023 | $6,883 +7.6% | $142,900 |
| 2022 | $6,396 | $142,900 |
| 2021 | $6,396 +10.7% | $142,900 |
| 2020 | $5,779 -3.1% | $142,900 +2.2% |
| 2019 | $5,966 +11.6% | $139,800 +1.4% |
| 2018 | $5,346 -9.2% | $137,900 +7.3% |
| 2017 | $5,888 +5.6% | $128,500 -5.3% |
| 2016 | $5,575 -34.2% | $135,700 |
| 2015 | $8,468 +5.7% | $135,700 -53.5% |
| 2014 | $8,012 +9.1% | $292,000 |
| 2012 | $7,344 +18.3% | $292,000 |
| 2011 | $6,208 +10.1% | $292,000 |
| 2010 | $5,639 | $292,000 |
| 2009 | -- | $292,000 |
| 2008 | -- | $292,000 |
| 2007 | -- | $292,000 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 5/10School 2Grades: K-8Distance: 0.1 mi
- 1/10Newcomers High SchoolGrades: 9-12Distance: 0.3 mi
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Estimated market value
$685,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$685,200
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