69 Graham Ave Paterson, NJ 07524
Riverside NeighborhoodEstimated payment $4,819/month
About This Home
Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one. Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,195
Year Built
- Built in 1900 | Remodeled
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Vinyl Siding
Bedrooms and Bathrooms
- 11 Bedrooms
- 3 Full Bathrooms
Schools
- Number 10 Elementary School
- Number 21 Middle School
- Rosa Parks High School
Utilities
- Multiple Heating Units
- Hot Water Baseboard Heater
- Underground Utilities
- Standard Electricity
- Gas Water Heater
Additional Features
- Basement Fills Entire Space Under The House
- 2,614 Sq Ft Lot
Community Details
- 3,207 Sq Ft Building
- Net Operating Income $63,335
Listing and Financial Details
- Assessor Parcel Number 2508-03008-0000-00008-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 |
|---|---|---|---|---|
| 2026 | $12,196 | $643,400 | $127,500 | $515,900 |
| 2025 | $12,196 | $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 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 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 |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $675,000 | First American Title | |
| Bargain Sale Deed | $325,000 | Fidelity National 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 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $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 |
Source: Garden State MLS
MLS Number: 4042118
APN: 08-03008-0000-00008
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