$1,179,000
Active
Paterson City
Bedrooms
16
About this home
Exceptional investment opportunity this well-maintained 5-unit apartment building plus basement. delivers stable income, strong rental demand, and long-term upside. The property features a balanced mix of spacious units, each offering comfortable layouts, good natural light, and reliable tenancy. Recent updates include new electrical panels, refreshed common areas, and low maintenance exterior enhancements. Convenient access to local shopping, transportation, parks, and major highways, making this an ideal location for consistent occupancy. the building presents additional value-add potential through increasing rents or developement.
Taxes & fees
Annual property tax
$20,144
Tax year
2025
Tax rate
5.335
Property details
Year Built
1950
Roof (*text)
Asphalt Shingle
Lot Size Area
0.12
MLS #
4044694
Features & amenities
Year Built (*numeric)
1950
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Garage spaces
0
Heating
1 Unit
Lot dimensions
50X103
Listing source
GSMLS