$650,000

131 N 3rd St Unit 3 Paterson, NJ 07522

Northside Neighborhood

Estimated payment $3,497/month

Total Views 1,389
7 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Excellent opportunity!! This fully renovated 3-family home, minutes away from the iconic Great Falls, is a true income-generating powerhouse. luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll.The first-floor unit offers 1 bed, 1 bath, The second-floor unit features 2 beds, 1 bath, and the third-floor boasts 4 beds, 1 bath, commanding close to $7,000.00/month.Live in one unit and let the others pay your mortgage, or rent all three and watch your cash flow soar! This is your chance to own a prime, renovated property that's built for profit. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage. This property also has a driveway and 1 car garage.

Listing Agent

Carlos Goyburu

GOYBURU REALTY, LLC Brokerage Phone: 973-530-4056 Listed on: 07/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $560

Year Built

  • Built in 1978

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units

Community Details

  • Net Operating Income $70,096

Listing and Financial Details

  • Assessor Parcel Number 2508-00505-0000-00023-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$560

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1978
  • Year Built Description: Approximate
  • County Name: Passaic
  • Directions: Between N 2nd & N 3rd
  • I D: 5375209
  • Attribution Contact: 973-530-4056
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3

Exterior Features

  • Exterior Description: Aluminum Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: 2 Car Width

Utilities

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

Lot Info

  • Lot Size: 34X100
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.08

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 560
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-00505-0000-00023-0000-
  • Tax Rate Amount: 5.095
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

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 $2,675 $52,500 $7,900 $44,600
2024 $2,574 $52,500 $7,900 $44,600
2022 $2,437 $52,500 $7,900 $44,600
2021 $2,350 $52,500 $7,900 $44,600
2020 $2,192 $52,500 $7,900 $44,600
2019 $2,125 $51,400 $7,800 $43,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2025 07/30/25 For Sale $650,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Special Warranty Deed -- None Available
Deed -- Amtrust Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $819,000 Unknown
Source: Public Records

Source: Garden State MLS

MLS Number: 3978412

Garden State MLS

APN: 08 00505-0000-00023-0000-C001

New Jersey Passaic County Paterson 07522 Northside

131 N 3rd St Unit 3, Paterson, NJ

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
Carlos Goyburu
Listing Agent
Carlos Goyburu
Section Image
GOYBURU REALTY, LLC
(862) 362-2690