142 Spring St Paterson, NJ 07501
Downtown Paterson NeighborhoodEstimated payment $3,381/month
About This Home
Great house! Come see this well maintained multi unit house in a good location, featuring 2 bedrooms, dining room, living room, bath and kitchen on the first floor while Unit 2 offering 3 bedrooms, dining room, living room, kitchen and bath, providing immediate rental income. Full finished basement is a plus. Property was fully renovated three years ago. Also features separate utilities for tenant convenience and lower owner expenses. Commuters will love the easy access to Route 80, Route 46, and the Garden State Parkway. The home is also just minutes from shopping centers, restaurants, schools, and entertainment options, adding to its tenant appeal. With the neighborhood experiencing growth and revitalization, now is the time to invest! Whether you're looking for your new home or expand your real estate portfolio, this is a prime opportunity you don't want to miss!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,103
Lot Details
- 2,500 Sq Ft Lot
Home Design
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 8 / 6012
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,104 | $119,800 | $16,100 | $103,700 |
| 2024 | $5,874 | $119,800 | $16,100 | $103,700 |
| 2022 | $5,561 | $119,800 | $16,100 | $103,700 |
| 2021 | $5,362 | $119,800 | $16,100 | $103,700 |
| 2020 | $5,002 | $119,800 | $16,100 | $103,700 |
| 2019 | $4,841 | $117,100 | $15,800 | $101,300 |
| 2018 | $4,997 | $115,500 | $15,800 | $99,700 |
| 2017 | $5,404 | $129,900 | $15,700 | $114,200 |
| 2016 | $5,953 | $137,200 | $16,500 | $120,700 |
| 2015 | $5,636 | $137,200 | $16,500 | $120,700 |
| 2014 | $8,062 | $278,000 | $149,300 | $128,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Pending | -- | -- | -- |
| 08/10/2025 08/10/25 | Off Market | $539,000 | -- | -- |
| 07/22/2025 07/22/25 | Price Changed | $539,000 | -3.6% | -- |
| 06/04/2025 06/04/25 | Price Changed | $559,000 | -3.5% | -- |
| 05/08/2025 05/08/25 | For Sale | $579,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $88,079 | Premium Title Services Inc | |
| Deed | -- | None Available | |
| Deed | $480,000 | -- | |
| Deed | $172,500 | -- | |
| Deed | $270,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $188,025 | FHA | |
| Previous Owner | $456,000 | No Value Available | |
| Previous Owner | $216,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $54,000 | New Conventional |
Source: New Jersey MLS
MLS Number: 25015486
APN: 08-06012-0000-00008
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