OWNER FINANCING AVAILABLE - Turnkey Renovated 3 years ago - 3-Family - High Yield & Low Maintenance. Rare opportunity to own a fully gut-renovated, income-producing 3-family property in a high-demand location near Downtown Paterson. Stripped to the studs and completely reimagined, this substantial residence offers three spacious units, each featuring a modern 3-bedroom layout designed to attract premium tenants or provide comfortable owner-occupant living. High-end capital improvements include a new roof, new siding, and windows, ensuring minimal deferred maintenance and low operating expenses. Each unit showcases updated kitchens with contemporary cabinetry and durable countertops, alongside fully updated modern baths. Perfectly situated just minutes from shopping, dining, public transportation, and major highways, this property offers an unbeatable combination for commuters and investors alike. Whether you are looking for a stabilized asset or a "live-in-one, rent-the-others" house-hack, this property delivers immediate value and long-term durability. Just turn the key and start collecting.
Active
Price cut: $35K (6/16)
$699,900
202 Mill St, Paterson City, NJ 07501
9beds
--sqft
Multi Family
Built in 1940
-- sqft lot
$707,300 Zestimate®
$--/sqft
$-- HOA
What's special
New sidingFully updated modern bathsThree spacious unitsNew roofDurable countertops
- 96 days |
- 386 |
- 39 |
Zillow last checked:
Listing updated:
Listed by:
Sergio Limonta 973-296-6264,
United Real Estate
Source: GSMLS,MLS#: 4016185
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 3 Units, See Remarks, Natural Gas
Cooling
- See Remarks
Appliances
- Included: Range/Oven - Gas, See Remarks, Water Heater (See Remarks)
Features
- See Remarks, Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: On Street
Features
- Levels: 3-Three Story
- Stories: 3
- Exterior features: Sidewalk
Lot
- Size: 2,613 Square Feet
- Dimensions: 25 x 100
- Features: Level
Details
- Parcel number: 2508052020000000100000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt Shingle,See Remarks
Condition
- Year built: 1940
- Major remodel year: 2023
Utilities & green energy
- Gas: Gas In Street, Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Gas In Street, Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $541,600
- Annual tax amount: $5,286
- Date on market: 3/23/2026
- Total actual rent: 5850
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
$707,300
$672,000 - $743,000
$2,161/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Price change | $699,900-4.8% |
Source:  GSMLS #4016185 Report a problem | ||
| 5/1/2026 | Price change | $734,900-2% |
Source:  NJMLS #26009619 Report a problem | ||
| 3/23/2026 | Listed for sale | $749,900 |
Source: GSMLS #4016185 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,049 +3.9% | $99,100 |
| 2024 | $4,859 +1.8% | $99,100 |
| 2023 | $4,774 +7.6% | $99,100 |
| 2022 | $4,436 | $99,100 |
| 2021 | $4,436 +10.7% | $99,100 |
| 2020 | $4,006 -3% | $99,100 +2.3% |
| 2019 | $4,131 +4.8% | $96,900 +1.5% |
| 2018 | $3,944 -9.3% | $95,500 +0.7% |
| 2017 | $4,348 +5.6% | $94,800 -5.4% |
| 2016 | $4,116 -47.3% | $100,200 |
| 2015 | $7,816 +5.7% | $100,200 -62.8% |
| 2014 | $7,395 +9.1% | $269,500 |
| 2013 | $6,778 | $269,500 |
| 2012 | $6,778 +18.3% | $269,500 |
| 2011 | $5,730 +10.1% | $269,500 |
| 2010 | $5,204 | $269,500 |
| 2009 | -- | $269,500 |
| 2008 | -- | $269,500 |
| 2007 | -- | $269,500 +2767% |
| 2006 | -- | $9,400 |
| 2005 | -- | $9,400 |
| 2004 | -- | $9,400 |
| 2003 | -- | $9,400 |
| 2002 | -- | $9,400 |
| 2001 | -- | $9,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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: Downtown
Getting around
60 / 100
Good TransitNearby schools
GreatSchools rating
- 4/10School 3Grades: K-8Distance: 0.1 mi
- 5/10International High SchoolGrades: 9-12Distance: 0.3 mi
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