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.
For sale
Price cut: $199.5K (9/2)
$999,500
169 Godwin Avenue, Paterson, NJ 07501
12beds
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 59 days
- 138
- 17
Zillow last checked:
Listing updated:
Listed by:
Maikol Puebla 201-710-0598,
Coldwell Banker, Ridgewood
Source: NJMLS,MLS#: 26028525
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Laundry: In Unit
Property
Parking
- Total spaces: 6
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
- Annual tax amount: $17,882
- Date on market: 7/29/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $999,500-16.6% |
Source: | ||
| 7/29/2026 | Listed for sale | $1,199,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








