69 N 3Rd St, Paterson City, NJ 07522
Passaic County
Key Facts
Description
Excellent 3-family investment opportunity in Paterson! Whether you're a seasoned investor looking to expand your portfolio or a first-time home buyer ready to become a landlord, this property offers a compelling combination of space and income potential. Featuring a total of 7 bedrooms and 3 full bathrooms across three separate units, the property currently generates over $5,800 in monthly rental income over $70,000 annually in gross rents. With separate utilities, the property is designed for more efficient management and reduced owner-paid expenses. Investors can take advantage of strong existing rental income, while owner-occupants may have the opportunity to live in one unit and use rental income from the others to help offset their monthly mortgage payment. This is a great opportunity to own a true income-producing multi-family property and start building long-term wealth through real estate. Don't miss your chance to add this 3-family property to your portfolio or make your first move into real estate investing!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Year Built
1939
Stories
3
Living Area
3,200 sq ft
MLS® Listing#
4040538
Property Features
Appliances
Heating
Flooring
Basement
Parking
Patio
Lot Features
Construction
Roof
Security
Utilities
Sewer
Water Source
Schools
- Elementary:
- NUMBER 28
- Middle:
- NUMBER 4
- High:
- JFK
Financial Details
Assessed Value
$600,700
Parcel Number
2508-00411-0000-00003-0000-
Directions
Rt 80 to grand st to main st to temple st right onto N 3rd.
Affordability Calculator
$135,800
Estimated monthly payment
$3,614/mo
Principal $543,200 · Est. interest $757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Paterson City, NJ
- $615,855
- Median Listing Price
- 49
- Median Days on Market
- 1,371
- Median Sq Ft
- $422
- Median Price / Sq Ft
- 3,214
- Active Listings
- This home’s price is 10% above the area median.
- Its price per sq ft is 50% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Paterson City, NJ.
Location
- 69 N 3Rd St, Paterson City, NJ 07522
Points of Interest in Paterson City, NJ
Showing the Paterson City area map.
Nearby Schools
Paterson Academy
School · 0.1 mi away
Boys & Girls Club
School · 0.2 mi away
Number 4 Elementary School
Elementary · 0.2 mi away
Paterson Public Schools
School · 0.2 mi away
School 28
Elementary · 0.3 mi away
Gilmore Memorial Christian Academy
School · 0.3 mi away
Number 12 Elementary School
Elementary · 0.4 mi away
School 14
School · 0.4 mi away
Al-Hikmah Elementary School
Elementary · 0.5 mi away
Learning Center Ready To Learn
School · 0.5 mi away
Prospect Park School District
Elementary · 0.5 mi away
Number 1 Elementary School
Elementary · 0.5 mi away
Harp Academy
School · 0.6 mi away
Paterson Public Schools
Elementary · 0.6 mi away
Paterson Pre-Collegiate Academy
Secondary · 0.6 mi away
Norman S Weir Public School
Elementary · 0.6 mi away
Silk City 2000 Adult School
School · 0.7 mi away
Al Huda School
School · 0.7 mi away
Eastside High School
Secondary · 0.7 mi away
School 2
Elementary · 0.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 201 N Center St, City Of Orange Twp., NJ | $480,000 | 7 | 2 | — |
| 63 Pearl St, Paterson City, NJ | $484,000 | 7 | 3 | — |
| 86 Hawthorne Ave, East Orange City, NJ | $490,000 | 7 | 3 | 2,925 |
| 536 S 18Th St, Newark City, NJ | $499,000 | 6 | 2 | — |
| 66 OAK ST, Jersey City, NJ | $499,000 | 6 | — | — |
| 65 Stone St, Newark City, NJ | $499,000 | 7 | 2 | 1,960 |
Moving Cost Estimate
EXIT Agents in Paterson City
Listing Courtesy: REAL - 8554500442