Welcome to 225 Summer St, a modern investment opportunity in the heart of Paterson! Built in 2018, this property features two spacious units, perfect for generating steady rental income.Unit 1 is a duplex with 3 bedrooms, 2.5 bathrooms, and a thoughtful layout that balances comfort and privacy. Unit 2 offers 975 sq. ft. of living space, with 3 bedrooms and 2 bathrooms ideal for various tenant needs. Both units are currently occupied by long-term tenants, generating a robust monthly rental income of $5,000.This property also boasts valuable features, including solar panels for energy savings and an attached garage, providing secure parking and additional convenience. Whether you're an investor or looking to own an income-generating property, 225 Summer St is an excellent choice. Don't miss the opportunity to make this high-yielding, low-maintenance property your own!
Sold for $580,000
$580,000
225 Summer St, Paterson, NJ 07501
6beds
--sqft
Multi Family
Built in ----
-- sqft lot
$629,000 Zestimate®
$--/sqft
$2,258 Estimated rent
Home value
$629,000
$547,000 - $723,000
$2,258/mo
Zestimate® history
Owner options
List your home for rent
$2,258/mo
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$2,258/mo
Rent Zestimate®
Refinance and save
$4,222/mo
Est. payment
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$4,222/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Carlos Roman 201-779-9304,
Keller Williams City Life Realty, Jersey City
Bought with:
Mayrening Reyes
Luxe Listings
Source: NJMLS,MLS#: 24033504
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Appliances
- Laundry: Hook Ups, In Unit
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Details
- Parcel number: 0803610000000027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat
Community & neighborhood
Location
- Region: Paterson
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2025 | Sold | $580,000+0.9% |
Source:  NJMLS #24033504 Report a problem | ||
| 10/23/2024 | Pending sale | $575,000 |
Source:  GSMLS #3927736 Report a problem | ||
| 10/4/2024 | Listed for sale | $575,000+26.4% |
Source: GSMLS #3927736 Report a problem | ||
| 10/5/2021 | Sold | $455,000+3691.7% |
Source: GSMLS #3744523 Report a problem | ||
| 5/3/2017 | Sold | $12,000-85.5% |
Source: Public Record Report a problem | ||
| 10/9/2007 | Sold | $83,000+50.9% |
Source: Public Record Report a problem | ||
| 11/16/2006 | Sold | $55,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,030 +611.3% | $295,000 |
| 2024 | $2,113 +1.8% | $295,000 +584.5% |
| 2023 | $2,076 +7.6% | $43,100 |
| 2022 | $1,929 | $43,100 |
| 2021 | $1,929 +8.3% | $43,100 |
| 2020 | $1,782 -4.4% | $43,100 |
| 2019 | $1,865 +4% | $43,100 |
| 2018 | $1,793 -4.1% | $43,100 |
| 2017 | $1,870 +5.6% | $43,100 |
| 2016 | $1,771 -30.4% | $43,100 |
| 2015 | $2,543 | $43,100 |
Find assessor info on the county website
Neighborhood: Wrigley Park
Nearby schools
GreatSchools rating
- 2/10Senator Frank Lautenberg SchoolGrades: K-8Distance: 0.1 mi
- 5/10Paterson P-TechGrades: 9-12Distance: 0.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$629,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$629,000
- New Jersey
- Passaic County
- Paterson
- 07501
- Wrigley Park
- 225 Summer St
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