Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one. Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only.
32 days
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1,369
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67
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Zillow last checked:
Listing updated:
Listed by:
Sol Castanos646-546-4725,
Realty One Group Legend
Source: GSMLS,MLS#: 4042118
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 3
Full bathrooms: 3
Heating
3 Units, Baseboard - Hotwater, Natural Gas
Appliances
Included: Exhaust Fan, Range/Oven - Gas, Kitchen Exhaust Fan, Refrigerator, Microwave Oven, Gas Water Heater
Features
Bedrooms, Eat-in Kitchen, Living Room, Pantry, Eat-In Kitchen, Dining Room
Basement: Yes,Bilco-Style Door,Full,Unfinished
Has fireplace: No
Interior area
Total structure area: 3,207
Total interior livable area: 3,207 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: 2508030080000000080000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Vinyl Siding
Roof: Flat
Condition
Year built: 1900
Major remodel year: 2021
Utilities & green energy
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities, Electricity Connected, Natural Gas Connected
Community & HOA
Location
Region: Paterson
Financial & listing details
Price per square foot: $218/sqft
Tax assessed value: $643,400
Annual tax amount: $12,195
Date on market: 7/29/2026
Exclusions: Tenants belongings
Total actual rent: 6750
Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas