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Sold for $800,000 on 04/09/25
  • $800,000

    51 Mill St, Paterson, NJ 07501

    --beds
    --baths
    --sqft
    Mixed Use
    Built in ----
    -- sqft lot
    $841,900 Zestimate®
    $--/sqft
    $-- Estimated rent

    Owner options

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    $5,657/mo

    Est. payment

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    $5,657/mo

    Est. payment

    What's special

    Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.

    Zillow last checked: 8 hours ago

    Listing updated: April 09, 2025 at 11:40am

    Listed by:

    Roman Drukarov (973)454-3218,

    Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston

    Bought with:

    Roman Drukarov

    Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston

    Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston

    Source: NJMLS,MLS#: 24031244MLS Logo

    Facts & features

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    Materials
    • Roof: Flat

    Utilities & green energy

    • Water: Munincipal Water

    Community & neighborhood

    Location
    • Region: Paterson

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
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    Estimated market value
    $841,900