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.
Active
$1,199,000
165 Godwin Ave, Paterson City, NJ 07501
12beds
4,560sqft
Multi Family
Built in 1970
-- sqft lot
$1,184,100 Zestimate®
$263/sqft
$-- HOA
What's special
Six off-street parking spaces
- 24 days |
- 280 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Maikol Puebla 201-710-0598,
Coldwell Banker Realty
Source: GSMLS,MLS#: 4043571
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: $263/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
$1,184,100
$1.12M - $1.24M
$2,036/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listed for sale | $1,199,000$263/sqft |
Source:  GSMLS #4043571 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.Climate risks
Neighborhood: Wrigley Park
Nearby schools
GreatSchools rating
- 2/10Senator Frank Lautenberg SchoolGrades: K-8Distance: 0.2 mi
- 1/10Eastside High SchoolGrades: 9-12Distance: 0.4 mi
- $790,000-- bd-- ba-- sqft166 Godwin Ave, Paterson, NJ 07501Sold
- $1,199,00012 bd4 ba-- sqft169 Godwin Ave, Paterson, NJ 07501For Sale
- $529,0007 bd3 ba-- sqft172 Godwin Ave, Paterson, NJ 07501Pending
- $878,8003 bd1 ba1.2k sqft165-169 Godwin Ave, Paterson, NJ 07501Off Market
- $--3 bd1 ba1.2k sqft165-169 Godwin Ave #1, Paterson, NJ 07501Off Market
- $--1 bd1 ba-- sqft357 Hamilton Ave #170, Paterson, NJ 07501Off Market
- $484,6002 bd1 ba1.7k sqft168 Godwin Ave, Paterson, NJ 07501Off Market
- $--2 bd1 ba-- sqft168 Godwin Ave #1, Paterson, NJ 07501Off Market
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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