Looking for an excellent investment opportunity or a home with rental income potential? This renovated a few years back, three-family home in the heart of Paterson offers the perfect balance of convenience and functionality. Each of the three apartments offers 2 bedrooms and 1 full bathroom. Besides separate heat and electricity the home has a CCTV system. First-floor unit rented to Section 8 tenants for $1,600/month; second floor under contract to be rented to Section 8 tenants for $1,900/month, 3rd unit currently vacant and ready for your vision. The building is being sold "AS IS . Prime location near the downtown, close to all major highways, near Elementary School, Middle School, Supermarkets, shopping centers, parks, and Houses of Worship. So, whether you're looking to occupy one unit and lease the others, or add to your investment portfolio, this home offers strong income potential and versatility. Don't miss your chance to own this well-located, multi-use property. Schedule your showing today!
Under contract
$525,000
79 Godwin Ave, Paterson City, NJ 07501
6beds
--sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 23 days
- on Zillow |
- 606 |
- 25 |
Zillow last checked: 15 hours ago
Listing updated: June 11, 2025 at 07:32am
Listed by:
Corey J Schneider 973-472-3909,
Corey J Schneider
Source: GSMLS,MLS#: 3964019

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 3 Units, Natural Gas
Appliances
- Included: See Remarks, Water Heater (See Remarks)
Features
- See Remarks, Bedrooms, Kitchen, Living/Dining Room
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 2508036040000000270000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1930
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $186,100
- Annual tax amount: $9,481
- Date on market: 5/19/2025
- Total actual rent: 3500
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
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