Excellent investment opportunity in Paterson! Legal 3-family home featuring 2 bedrooms and 1 bath on each floor. Property needs major rehab and is being sold as-is. Located near downtown Paterson and Paterson Great Falls National Historical Park with great income potential. Asking $650,000.
Active
$650,000
15 Elm St, Paterson City, NJ 07501
6beds
2,900sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$224/sqft
$-- HOA
What's special
- 85 days |
- 133 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Domingo Mendez 973-510-2260,
Realty Empire, Llc
Source: GSMLS,MLS#: 4029571
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- 3 Units, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Range/Oven - Gas, Refrigerator, Gas Water Heater
Features
- Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
- Basement: Yes,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 2,900
- Total interior livable area: 2,900 sqft
Property
Parking
- Parking features: On Street, None
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,613 Square Feet
- Dimensions: 25 x 110
- Features: Level
Details
- Parcel number: 2508047030000000250000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1940
- Major remodel year: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities, Garbage Included
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
Location
- Region: Paterson
Financial & listing details
- Price per square foot: $224/sqft
- Tax assessed value: $491,700
- Annual tax amount: $10,728
- Date on market: 5/22/2026
- Total actual rent: 29997
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Listed for sale | $650,000+147.1%$224/sqft |
Source:  GSMLS #4029571 Report a problem | ||
| 6/9/2004 | Sold | $263,000$91/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,246 +3.9% | $201,100 |
| 2024 | $9,860 +1.8% | $201,100 |
| 2023 | $9,687 +7.6% | $201,100 |
| 2022 | $9,001 | $201,100 |
| 2021 | $9,001 +10.7% | $201,100 |
| 2020 | $8,132 -3% | $201,100 +2.2% |
| 2019 | $8,384 +4.7% | $196,700 +1.5% |
| 2018 | $8,004 -9.2% | $193,800 +0.7% |
| 2017 | $8,817 +5.6% | $192,400 -5.3% |
| 2016 | $8,347 +2.8% | $203,200 |
| 2015 | $8,120 -7.5% | $203,200 -27.4% |
| 2014 | $8,781 -0.2% | $280,000 -12.5% |
| 2012 | $8,803 +8.9% | $320,000 -8.6% |
| 2011 | $8,085 +10.1% | $350,000 -8% |
| 2010 | $7,344 | $380,300 |
| 2009 | -- | $380,300 |
| 2008 | -- | $380,300 |
| 2007 | -- | $380,300 +2578.2% |
| 2006 | -- | $14,200 |
| 2005 | -- | $14,200 |
| 2004 | -- | $14,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 5/10School 2Grades: K-8Distance: 0.1 mi
- 1/10Newcomers High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Number 2
- Middle: Number 2
- High: Jfk
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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