$465,000
OPEN SUN 12PM - 2PM $100K PRICE DROP

550 River St Paterson, NJ 07524

Riverside Neighborhood

Estimated payment $3,001/month

Total Views 1,743
5 Beds
3 Baths
1 Sq Ft
$465,000 Price per Sq Ft

About This Home

Great opportunity for investors or first-time buyers! This two-family home offers strong potential for steady rental income.The first unit features 2 bedrooms and 1 full bath. The second unit spans two levels with 2 bedrooms, 1 bath, plus a third-floor studio-style with its own full bathroom. The basement provides additional storage and enjoy a large private backyard, perfect for outdoor relaxation or entertaining. Separate utilities and an updated furnace and water heater (2021). Conveniently located near growing redevelopment areas.Schedule your showing today!

Listing Agent

Pamela Iparraguirre

3SIXTY REALTY LLC Brokerage Phone: 973-969-3363 Listed on: 04/17/2026

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,418

Year Built

  • Built in 1900

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Parking Space
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Standard Electricity

Additional Features

  • Indoor Pool
  • 2,614 Sq Ft Lot
  • Unfinished Basement

Community Details

  • 1 Sq Ft Building
  • Net Operating Income $9,999

Listing and Financial Details

  • Assessor Parcel Number 2508-02907-0000-00014-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,418

Year Built

Built in 1900

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1900
  • Year Built Description: Approximate
  • County Name: Passaic
  • Directions: I-80 to Exit 58 (Market St/Paterson), continue to McLean Blvd (NJ-20), then turn onto River St to #550.
  • I D: 5425058
  • Attribution Contact: 973-969-3363
  • MLS Status: Active
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Indoor Pool
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

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

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: On-Street Parking

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater
  • Sewer: Public Available
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25X100
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6418
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-02907-0000-00014-0000-
  • Tax Rate Amount: 5.335
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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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 $6,129 $120,300 $21,600 $98,700
2024 $5,898 $120,300 $21,600 $98,700
2022 $5,584 $120,300 $21,600 $98,700
2021 $5,385 $120,300 $21,600 $98,700
2020 $5,023 $120,300 $21,600 $98,700
2019 $4,866 $117,700 $21,300 $96,400
2018 $5,018 $116,000 $21,200 $94,800
2017 $4,796 $115,300 $21,200 $94,100
2016 $5,194 $119,700 $20,300 $99,400
2015 $4,917 $119,700 $20,300 $99,400
2014 $8,474 $292,200 $131,100 $161,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2026 04/17/26 Price Changed $465,000 -17.7% $465,000 / Sq Ft
04/17/2026 04/17/26 For Sale $565,000 +276.7% $565,000 / Sq Ft
08/16/2019 08/16/19 Sold $150,000 -3.2% $81 / Sq Ft View Prior Sale
04/10/2019 04/10/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $155,000 +181.8% $83 / Sq Ft
09/08/2017 09/08/17 Sold $55,000 -15.3% $30 / Sq Ft View Prior Sale
07/28/2017 07/28/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $64,900 -- $35 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $150,000 Key Settlements
Deed $54,900 Smart Choice Title Agency Ll
Not Resolvable $45,364 None Available
Deed $279,185 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $112,500 New Conventional
Source: Public Records

Source: Garden State MLS

MLS Number: 4021406

Garden State MLS

APN: 08-02907-0000-00014

New Jersey Passaic County Paterson 07524 Riverside

550 River St, Paterson, NJ

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Listing Agent
Pamela Iparraguirre
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3SIXTY REALTY LLC
(862) 429-3082
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