63 Pearl St, Paterson City, NJ 07501
Passaic County
Key Facts
Description
Don't miss this well-maintained 7 bedroom, 3 bathroom multifamily investment opportunity generating $5,200/month in total rent with all tenants on month-to-month leases, giving you maximum flexibility whether you're an owner-occupant or pure investor. Ideally located just blocks from the train station, bus lines, schools, shopping, and dining. Updated in 2020, this property is perfectly positioned for an owner-occupant to live in part of the home while collecting rental income from the rest, or for an investor to keep it fully leased for strong cash flow from day one. The first floor features a comfortable living room, eat-in kitchen, 4 bedrooms, and a full bath, offering generous space and functionality. The second floor includes a living room, eat-in kitchen, 3 bedrooms, and a full bath. The finished basement adds valuable bonus living space, further enhancing the property's versatility and value. Practical layouts and thoughtful updates enhance everyday living throughout. Outside, the fully fenced backyard includes a patio ideal for outdoor dining and grilling. With flexible living spaces, a finished basement, $5,200/month in existing rental income, month-to-month tenancy flexibility, and a commuter-friendly location, this is an excellent opportunity to own a versatile multifamily property in a convenient neighborhood.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
2-Two Story
Year Built
1960
Stories
2
Lot Size
0.06 acres
Days on Market
12
MLS® Listing#
4035636
Property Features
- Heating:
- Baseboard, Natural Gas
- Basement:
- Finished, Full
- Parking:
- On Street
- Patio:
- Patio
- Lot Features:
- Level
- Construction:
- Aluminum Siding
- Roof:
- Asphalt
- Utilities:
- Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $8,749 (2025)
- Assessed Value:
- $408,800
- Parcel #:
- 2508-04315-0000-00022-0000-
Directions
Market Street to 16th Avenue to Straight Street to Pearl Street
Affordability Calculator
$96,800
Estimated monthly payment
$2,576/mo
Principal $387,200 · Est. interest $540,178 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Paterson City, NJ
- $617,111
- Median Listing Price
- 49
- Median Days on Market
- 1,372
- Median Sq Ft
- $425
- Median Price / Sq Ft
- 3,190
- Active Listings
- This home’s price is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Paterson City, NJ.
Location
- 63 Pearl St, Paterson City, NJ 07501
Nearby Schools
Edward W. Kilpatrick
Elementary · 0.1 mi away
Number 11 Elementary School
Elementary · 0.2 mi away
Alexander Hamilton Academy
School · 0.2 mi away
Paterson Public School
Elementary · 0.2 mi away
PPS
School · 0.2 mi away
Eastside High School
Secondary · 0.2 mi away
Panther Academy
School · 0.3 mi away
Roberto Clemente Elementary School
Elementary · 0.3 mi away
Dale Avenue Elementary School
Elementary · 0.3 mi away
Norman S Weir Public School
Elementary · 0.4 mi away
School 15
Elementary · 0.4 mi away
Al Huda School
School · 0.4 mi away
Silk City 2000 Adult School
School · 0.4 mi away
Academy of Performing Arts
School · 0.4 mi away
New Roberto Clemente
Secondary · 0.4 mi away
Paterson Pre-Collegiate Academy
Secondary · 0.4 mi away
Eastside High School
Secondary · 0.4 mi away
Harp Academy
School · 0.5 mi away
Philip's Academy Charter School of Paterson
Elementary · 0.6 mi away
Paterson Public School
Elementary · 0.6 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Paterson City
Listing Courtesy: HOWARD HANNA RAND REALTY - 9736946500