Great opportunity to own a 4-unit multifamily property with strong income potential! This building features a total of 8 bedrooms and 4 full bathrooms, offering spacious layouts across all four units. Ideal for investors or owner-occupants looking to add value and build long-term cash flow. The property needs some work, making it a perfect value-add opportunity for buyers ready to renovate and increase rents or equity. Solid footprint, multiple units, and strong upside in a growing rental market. Whether you're expanding your portfolio or looking for your first multifamily investment, this property offers the space, structure, and potential to become a great income-producing asset. Bring your vision and unlock the possibilities! Also, The property next to this 25 Ward St a 2 family is also being sold. GSMLS# 4011752 NJMLS# 26005443. This presents a unique opportunity to acquire both parcels and maximize potential for expansion, investment, or future development.
Under contract
Price cut: $25K (5/21)
$600,000
23 Ward St, Paterson City, NJ 07501
8beds
--sqft
Multi Family
Built in ----
-- sqft lot
$590,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 139 days |
- 54 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Tina M. Henderson 973-255-0059,
Real
Source: GSMLS,MLS#: 4008933
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard - Hotwater, Natural Gas
Appliances
- Included: Range/Oven - Gas, Refrigerator
Features
- Bedrooms, Kitchen, Living Room
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None, On Street
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 3,484 Square Feet
- Dimensions: 33 x 100
Details
- Parcel number: 2508047050000000190000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $254,500
- Annual tax amount: $12,966
- Date on market: 2/9/2026
- Total actual rent: 5225
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
$590,200
$561,000 - $620,000
$2,054/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Pending sale | $600,000 |
Source: | ||
| 5/21/2026 | Price change | $600,000-4% |
Source: | ||
| 3/17/2026 | Price change | $625,000-7.4% |
Source: | ||
| 2/9/2026 | Listed for sale | $675,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,967 +3.9% | $254,500 |
| 2024 | $12,478 +1.8% | $254,500 |
| 2023 | $12,259 +9.2% | $254,500 +1.5% |
| 2022 | $11,221 | $250,700 |
| 2021 | $11,221 +10.7% | $250,700 |
| 2020 | $10,132 +3.5% | $250,700 +2.3% |
| 2019 | $9,790 +4.8% | $245,100 +8.3% |
| 2018 | $9,343 -9.2% | $226,300 +0.8% |
| 2017 | $10,292 +5.6% | $224,600 -5.3% |
| 2016 | $9,744 -4% | $237,200 |
| 2015 | $10,150 +5.7% | $237,200 -32.2% |
| 2014 | $9,604 +9.1% | $350,000 |
| 2012 | $8,803 -1.8% | $350,000 |
| 2011 | $8,965 +10.1% | $350,000 -17% |
| 2010 | $8,143 | $421,700 |
| 2009 | -- | $421,700 |
| 2008 | -- | $421,700 |
| 2007 | -- | $421,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Getting around
63 / 100
Good TransitNearby schools
GreatSchools rating
- 5/10School 2Grades: K-8Distance: 0.1 mi
- 1/10Newcomers High SchoolGrades: 9-12Distance: 0.3 mi
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.





