$779,000

Estimated payment $5,114/month

Total Views 1,151
11 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Turnkey 3-Family Investment in Paterson! Fully occupied and income-producing, this legal 3-family offers 11 bedrooms, 3 full baths, and a full unfinished basement with value-add potential. The 2nd and 3rd floor units are newly renovated, and all units are rented to reliable, long-term tenants. Featuring a new roof (2021), updated utilities, and a strong GOI, this property is a cash flow machine in a high-demand rental market. Ideal for investors or 1031 exchange buyers seeking immediate returns. Sold strictly as-is.

Listing Agent

Sol Castanos

REALTY ONE GROUP LEGEND Brokerage Phone: 646-546-4725 Listed on: 02/15/2026

REALTY ONE GROUP LEGEND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,195

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Vinyl Siding

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Multiple Heating Units
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2508-03008-0000-00008-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,195

Year Built

Built in 1940

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Passaic
  • Directions: Lafayette St to Rosa Parks Blvd
  • I D: 5411402
  • Attribution Contact: 646-546-4725
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Full, Unfinished, Walkout

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Flat

Garage/Parking

  • Parking Driveway Description: On-Street Parking

Utilities

  • Fuel Type: Electric, Gas-Natural
  • Heating: 3 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25X100
  • Easement: Unknown
  • 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: 12195
  • Assessor Parcel Number: 2508-03008-0000-00008-0000-
  • Tax Rate Amount: 5.095
  • Tax Rate Tax: *
  • Tax Year: 2025

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $11,647 $228,600 $24,000 $204,600
2024 $11,208 $228,600 $24,000 $204,600
2022 $10,612 $228,600 $24,000 $204,600
2021 $10,232 $228,600 $24,000 $204,600
2020 $9,544 $228,600 $24,000 $204,600
2019 $9,239 $223,500 $23,700 $199,800
2018 $8,687 $200,800 $23,600 $177,200
2017 $8,291 $199,300 $23,500 $175,800
2016 $9,038 $208,300 $22,500 $185,800
2015 $8,557 $208,300 $22,500 $185,800
2014 $11,934 $411,500 $146,500 $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2026 02/15/26 For Sale $779,000 +15.4% --
04/16/2025 04/16/25 Off Market $675,000 -- --
04/14/2025 04/14/25 Sold $675,000 +12.5% $212 / Sq Ft View Prior Sale
02/13/2025 02/13/25 Pending -- -- --
02/12/2025 02/12/25 Off Market $599,900 -- --
02/06/2025 02/06/25 Pending -- -- --
12/27/2024 12/27/24 For Sale $599,900 +84.6% $188 / Sq Ft
11/24/2020 11/24/20 Sold $325,000 -16.5% $102 / Sq Ft View Prior Sale
09/14/2020 09/14/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $389,000 +211.2% $122 / Sq Ft
08/12/2014 08/12/14 Sold $125,000 -- $39 / Sq Ft View Prior Sale
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $675,000 First American Title
Deed $675,000 First American Title
Bargain Sale Deed $325,000 Fidelity National Title
Bargain Sale Deed $125,000 None Available
Interfamily Deed Transfer -- Stewart Title Guaranty Co
Bargain Sale Deed $40,000 --
Sheriffs Deed $465,620 --
Bargain Sale Deed $479,000 --
Deed $389,000 --
Deed $306,000 --
Deed -- --
Deed $145,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 New Conventional
Closed $540,000 New Conventional
Previous Owner $243,750 New Conventional
Previous Owner $93,750 Adjustable Rate Mortgage/ARM
Previous Owner $431,100 New Conventional
Previous Owner $350,100 No Value Available
Previous Owner $244,800 No Value Available
Previous Owner $116,000 No Value Available
Source: Public Records

Source: Garden State MLS

MLS Number: 4009827

Garden State MLS

APN: 08-03008-0000-00008

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