Active

Price cut: $199.5K (9/2)

$999,500

165 Godwin Ave, Paterson City, NJ 07501

12beds

4,560sqft

$7,925/mo

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Multi Family

Built in 1970

-- sqft lot

$994,300 Zestimate^®

$219/sqft

$-- HOA

What's special

Six off-street parking spaces

Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.

69 days
170
13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 4.4
Full bathrooms: 4
1/2 bathrooms: 4

Heating

Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven, Gas Water Heater

Features

See Remarks
Basement: Yes,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 4,560
Total interior livable area: 4,560 sqft

Property

Parking

Total spaces: 6
Parking features: Asphalt, Driveway-Exclusive
Uncovered spaces: 6

Features

Levels: Two
Stories: 2

Lot

Size: 7,405 Square Feet
Dimensions: 75 x 98 IRG.

Details

Parcel number: 2508035060000000390000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1970

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Paterson

Financial & listing details

Price per square foot: $219/sqft
Tax assessed value: $809,400
Annual tax amount: $17,882
Date on market: 7/29/2026
Exclusions: Personal Items
Total actual rent: 7500
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$994,300

$945,000 - $1.04M

$1,947/mo

Price history

Date	Event	Price
9/2/2026	Price change	$999,500-16.6%$219/sqft
Source: GSMLS #4043571 Report a problem
7/29/2026	Listed for sale	$1,199,000$263/sqft
Source: GSMLS #4043571 Report a problem