2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.
Electricity Connected, Natural Gas Connected, Sep Heat
ARCHITECTURAL STYLE
2 Family
CITY
Paterson
COUNTY
PASSAIC
STATE
NJ
TAX AMOUNT
8562.0
LATEST UPDATE
2026-06-03T17:19:04.781Z
PRICE CHANGE(S)
$520,000 Jun 3, 2026
Property Details
Property Type2-4 Family
StatusActive
Bedrooms5
Bathrooms (Full)3
MLS #26020153
LAUNDRY FEATURESNone
Utility FeaturesElectricity Connected, Natural Gas Connected, Sep Heat
ARCHITECTURAL STYLE2 Family
CITYPaterson
COUNTYPASSAIC
STATENJ
TAX AMOUNT8562.0
LATEST UPDATE2026-06-03T17:19:04.781Z
PRICE CHANGE(S)
$520,000 Jun 3, 2026
Market Trends
New Properties On Market
15
15%
Increase In New Listings
Average Asking Price
$427,259
$93,107 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$260
$157 Increase In List Price/Sq. Ft.
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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