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Under contract
  • $525,000

    79 Godwin Ave, Paterson City, NJ 07501

    6beds
    --sqft
    : 
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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!
    23 days
    on Zillow
    |
    606
    |
    25
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    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#: 3964019MLS Logo
    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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