$650,000

131 N 3rd St Unit 3 Paterson, NJ 07522

Northside Neighborhood

Estimated payment $3,511/month

Total Views 730
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-
  • Tax Block *

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
  • Street Number Display: 131
  • Directions: Between N 2nd & N 3rd
  • I D: 5375209
  • Modified: 2025-08-13
  • Number Images: 1
  • Attribution Contact: 973-530-4056
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 14
  • 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
  • Assessed Improvement Value: 11000
  • Assessment: 11000
  • Lot Identifier: 23
  • 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 Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 3

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
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
Open $150,000 New Conventional
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

This home is located at 131 N 3rd St Unit 3, Paterson, NJ 07522 and is currently priced at $650,000. This property was built in 1978. 131 N 3rd St Unit 3 is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Dr. Frank Napier, Jr. School of Technology.

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