Under contract

$799,000

294 Governor St, Paterson City, NJ 07501

8beds

3,344sqft

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Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$239/sqft

$-- HOA

What's special

Brick four-family buildingAdditional closetsPantry storageWood flooringUpdated cabinetryGranite countertops

Investment opportunity in the heart of Paterson. This brick four-family building features four units, each offering 2 bedrooms and 1 full bathroom with an open-concept living room and kitchen layout. Each unit includes wood flooring, granite countertops, and updated cabinetry, along with pantry storage and additional closets. The property offers off-street parking on one side for up to four vehicles (or shared use), with additional space on the opposite side that may allow for future parking expansion. The building does require some updates and improvements, making it ideal for an investor or buyer looking to add value and increase returns. With the right vision and upgrades, this property has strong potential as an income-producing asset. Conveniently located near transportation, shopping, and local amenities.

45 days

99

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

4+ Units, Baseboard - Hotwater, Natural Gas

Appliances

Included: Range/Oven - Gas, Refrigerator, Gas Water Heater

Features

Bedrooms, Living/Dining Room, Pantry, Storage
Basement: Yes,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 3,344
Total interior livable area: 3,344 sqft

Property

Parking

Total spaces: 4
Parking features: 2 Car Width, Asphalt, Off Street, On Street
Uncovered spaces: 4

Features

Exterior features: Sidewalk

Lot

Size: 5,662 Square Feet
Dimensions: 100 x 55
Features: Level

Details

Parcel number: 2508035020000000200000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Roof: Built-Up,Flat

Condition

Year built: 1940

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

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

Location

Region: Paterson

Financial & listing details

Price per square foot: $239/sqft
Tax assessed value: $801,200
Annual tax amount: $15,119
Date on market: 5/18/2026
Total actual rent: 5300
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/10/2026	Pending sale	$799,000$239/sqft
Source: GSMLS #4028484 Report a problem
5/18/2026	Listed for sale	$799,000$239/sqft
Source: GSMLS #4028484 Report a problem
4/21/2023	Listing removed	--
Source: Zillow Rentals Report a problem
3/31/2023	Listed for rent	$1,650
Source: Zillow Rentals Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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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