$750,000

107 Jersey St Paterson, NJ 07501

Downtown Paterson Neighborhood

Estimated payment $4,853/month

Total Views 3,626
6 Beds
2.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Dry Bar
  • 1-minute walk to William Carlos Williams Community Park

About This Home

Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lot property offers three separate units and bonus billboard rental making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income andattracting long-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. Thishigh-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Justoff Rt 80 with Rt 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for persons seeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don't miss out schedule your showing today!

Listing Agent

KIMBERLY BARRETO

ADDISON REAL ESTATE Brokerage Phone: 862-251-4915 Listed on: 06/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,704

Year Built

  • Built in 1940

Lot Details

  • 871 Sq Ft Lot
  • Corner Lot

Parking

  • Off-Street Parking

Home Design

  • Aluminum Siding

Interior Spaces

  • Dry Bar
  • Fire and Smoke Detector
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Assessor Parcel Number 2508-05201-0000-00020-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,704

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Passaic
  • Street Number Display: 107
  • Directions: Follow I-80 W to NJ-19 N in Paterson. Take exit 57 B from I-80 W. Take exit 57 B toward Downtown/Paterson. Take Marshall St to Grand St.
  • I D: 5367097
  • Modified: 2025-06-24
  • Number Images: 34
  • Attribution Contact: 862-251-4915
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Bar-Dry, Carbon Monoxide Detector, Smoke Detector
  • Total Number Rooms: 12
  • Bedrooms: 6
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Partially Fenced, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: Off-Street Parking

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 3 Units
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25X37
  • Assessed Improvement Value: 152700
  • Assessed Land Value: 57400
  • Assessment: 210100
  • Easement: Unknown
  • Lot Description: Corner
  • Lot Identifier: 20
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.02

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10704
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-05201-0000-00020-0000-
  • Tax Rate Amount: 5.095
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,705 $210,100 $57,400 $152,700
2024 $10,301 $210,100 $57,400 $152,700
2022 $9,753 $210,100 $57,400 $152,700
2021 $9,404 $210,100 $57,400 $152,700
2020 $8,772 $210,100 $57,400 $152,700
2019 $8,359 $202,200 $57,400 $144,800
2018 $7,865 $181,800 $57,400 $124,400
2017 $7,064 $169,800 $57,400 $112,400
2016 $7,485 $172,500 $60,100 $112,400
2015 $7,086 $172,500 $60,100 $112,400
2014 $8,732 $301,100 $96,000 $205,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $750,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $194,000 Champion Title Agency Inc
Deed $320,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $186,417 FHA
Closed $187,220 FHA
Previous Owner $240,000 No Value Available
Source: Public Records

Source: Garden State MLS

MLS Number: 3971220

Garden State MLS

APN: 08-05201-0000-00020

New Jersey Passaic County Paterson 07501 Downtown Paterson

107 Jersey St, Paterson, NJ

This home is located at 107 Jersey St, Paterson, NJ 07501 and is currently priced at $750,000. This property was built in 1940. 107 Jersey St is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 3.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes
Listing Agent
KIMBERLY BARRETO
ADDISON REAL ESTATE