169 Godwin Ave Paterson, NJ 07501
Eastside NeighborhoodEstimated payment $7,032/month
About This Home
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio. Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow. Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,882
Home Design
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
Additional Features
- Laundry in unit
- 7,349 Sq Ft Lot
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 39 / 3506
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/02/2026 09/02/26 | Price Changed | $999,500 | -16.6% | -- |
| 07/29/2026 07/29/26 | For Sale | $1,199,000 | -- | -- |
Source: New Jersey MLS
MLS Number: 26028525
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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