Active

$750,000

282 Ellison St, Paterson City, NJ 07501

5beds

39,996sqft

$5,542/mo

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Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$19/sqft

$-- HOA

What's special

Excellent multi-family investment opportunity featuring 5 UNITS all 1-bedroom, 1-bathroom layouts. Situated in a high-demand rental pocket, this property generates strong, steady immediate cash flow with substantial, proven upside to maximize rental income. Perfect for savvy investors looking for a turn-key asset with clear value-add potential. Don't miss out on this 5th Ward gem!

16 days

128

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5

Heating

Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Features

Bedrooms, Dining Room, Kitchen
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 39,996
Total interior livable area: 39,996 sqft

Property

Parking

Parking features: On Street

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 2508043130000000080000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Paterson

Financial & listing details

Price per square foot: $19/sqft
Tax assessed value: $727,300
Annual tax amount: $12,809
Date on market: 7/29/2026
Total actual rent: 39996
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/29/2026	Listed for sale	$750,000+56.3%$19/sqft
Source: GSMLS #4043225 Report a problem
2/11/2022	Sold	$480,000$12/sqft
Source: Public Record Report a problem
5/10/2015	Listing removed	$850
Source: CENTURY 21 All County Real Estate, LLC #3198765 Report a problem
2/19/2015	Listed for rent	$850
Source: CENTURY 21 All County Real Estate, LLC #3198765 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,233 +3.9%	$240,100
2024	$11,772 +1.8%	$240,100
2023	$11,566 +7.6%	$240,100
2022	$10,747	$240,100
2021	$10,747 +8.3%	$240,100
2020	$9,926 +19.4%	$240,100
2019	$8,310 +7.7%	$240,100 +25%
2018	$7,713 -4.1%	$192,100 +3.6%
2017	$8,045 +5.6%	$185,400
2016	$7,616 -28.1%	$185,400
2015	$10,600	$185,400