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    • Price increase: $10K (7/20)
    $795,000

    116 Belmont Ave, Paterson City, NJ 07522

    9beds
    29,997sqft
    : 
    $5,874/mo
    Get pre-qualified
    Multi Family
    Built in 1950
    -- sqft lot
    $789,300 Zestimate®
    $27/sqft
    $-- HOA

    What's special

    Two recently renovated apartments
    This was a mixed-use property with a laundromat business operating on the first floor, but the previous owner removed all of the equipment. Gas, electric, water, security system, and drainage connections have been installed, with capacity for up to 20 washers and 20 dryers. A new central A/C and heating system has also been installed on the first floor, the building also features two recently renovated apartments on the second and third floors (see details in the unit information section). The driveway, siding, and roof are all brand new, you have to see this property in person to truly appreciate the many recent improvements. Due to the first-floor vacancy, the previous buyers were unable to secure financing. As a result, the seller is only accepting cash offers with proof of funds. Conventional financing may be considered with at least a 50% down payment and a pre-approved loan letter. Buyers should check with their lender before moving forward. "BETTER SAFE THAN SORRY" This property represents an outstanding investment opportunity with significant income potential. GOOD NEWS...!!! THE PROPERTY HAS ALREADY BEEN APPRAISED AT $800,000, SO THERE IS NO RISK OF GOING FOR THE FULL ASKING PRICE...!!!
    410 days
    |
    189
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Guido Barrantes 973-253-7330,

    Promise Land Realty

    Source: GSMLS,MLS#: 3969680MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 3.1
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • 3 Units, Radiators - Hot Water, Electric, Natural Gas
      Cooling
      • Central Air, Window Unit(s)
      Appliances
      • Included: Range/Oven - Gas, Refrigerator, Electric Water Heater, Gas Water Heater
      Features
      • See Remarks, Bedrooms, Eat-In Kitchen, Living Room, Pantry, Utility Room, Kitchen, Living/Dining Room
      • Basement: Yes,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 29,997
      • Total interior livable area: 29,997 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Asphalt, None
      • Uncovered spaces: 6
      Features
      • Levels: 3-Three Story
      • Stories: 3
      • Fencing: Metal Fence,Wood
      Lot
      • Size: 4,356 Square Feet
      • Dimensions: 45 x 100
      • Features: Level
      Details
      • Parcel number: 2508004220000000080000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Vinyl Siding
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Fire Alarm, Security System, Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
      Location
      • Region: Paterson

      Financial & listing details

      • Price per square foot: $27/sqft
      • Tax assessed value: $280,500
      • Annual tax amount: $14,291
      • Date on market: 6/16/2025
      • Exclusions: Tenants' properties
      • Total actual rent: 5500
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        $789,300

        $750,000 - $829,000

        $2,203/mo

        Price history

        DateEventPrice
        7/20/2026Price change$795,000+1.3%$27/sqft
        Source: GSMLS #3969680 Report a problem
        7/13/2026Price change$785,000+1.3%$26/sqft
        Source: GSMLS #3969680 Report a problem
        7/11/2026Price change$775,000-0.6%$26/sqft
        Source: GSMLS #3969680 Report a problem
        6/27/2026Price change$780,000-0.4%$26/sqft
        Source: GSMLS #3969680 Report a problem
        3/17/2026Pending sale$783,000$26/sqft
        Source: GSMLS #3969680 Report a problem
        3/7/2026Price change$783,000-0.3%$26/sqft
        Source: GSMLS #3969680 Report a problem
        2/9/2026Price change$785,000-1.9%$26/sqft
        Source: GSMLS #3969680 Report a problem
        1/12/2026Pending sale$799,890$27/sqft
        Source: GSMLS #3969680 Report a problem
        11/17/2025Price change$799,8900%$27/sqft
        Source: GSMLS #3969680 Report a problem
        11/1/2025Price change$799,900-3.6%$27/sqft
        Source: GSMLS #3969680 Report a problem
        9/20/2025Listed for sale$830,000+50.9%$28/sqft
        Source: GSMLS #3969680 Report a problem
        5/24/2024Sold$550,000-6.1%$18/sqft
        Source: GSMLS #3875005 Report a problem
        3/1/2024Pending sale$585,800$20/sqft
        Source: GSMLS #3875005 Report a problem
        11/16/2023Price change$585,800+392.3%$20/sqft
        Source: GSMLS #3875005 Report a problem
        1/31/2016Listing removed$1,300
        Source: Paragon Asset Management Report a problem
        1/29/2016Listed for rent$1,300
        Source: Paragon Asset Management Report a problem
        2/21/2014Listed for sale$119,000$4/sqft
        Source: CRS AGENCY ELITE Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Northside

        Getting around

        82 / 100
        Very Walkable
        50 / 100
        Good Transit
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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