163 Fair St 3, Paterson City, NJ 07501
Passaic County
Key Facts
Description
Welcome to 163 Fair St, Paterson, NJ, a meticulously maintained three-family home with a finished basement that presents an exceptional investment opportunity or an ideal owner-occupant scenario. The building features a first-floor 3-bedroom unit, a second-floor 3-bedroom unit, and a third-floor 4-bedroom unit that are all tenant-occupied, providing a steady source of income. Separately metered gas and electric utilities for each unit ensure low overhead expenses for the landlord. This property is Conveniently located near shops, restaurants, schools, parks, and easy access to public transportation. Whether you're looking to owner-occupy while generating rental income or expand your investment portfolio, this property is a fantastic opportunity.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Year Built
2015
Stories
3
Living Area
2,550 sq ft
Lot Size
0.06 acres
MLS® Listing#
4035802
Property Features
Heating
Basement
Parking
Patio
Construction
Roof
Security
Utilities
Water Source
Financial Details
Annual Taxes
$23,388
Tax year 2025
Assessed Value
$1,148,700
Parcel Number
2508-03612-0000-00016-0000-
Directions
Right off Fair St between Broadway and Lafayette Street.
Affordability Calculator
$180,000
Estimated monthly payment
$4,790/mo
Principal $719,999 · Est. interest $1,004,463 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Paterson City, NJ
- $613,296
- Median Listing Price
- 49
- Median Days on Market
- 1,371
- Median Sq Ft
- $419
- Median Price / Sq Ft
- 3,206
- Active Listings
- This home’s price is 47% above the area median.
- Its price per sq ft is 16% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Paterson City, NJ.
Location
Map is currently unavailable for this location.
Points of Interest in Paterson City, NJ
Showing the Paterson City area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 20 Edwin Pl, Newark City, NJ | $649,000 | 9 | 3 | 1,998 |
| 118 Seymour Ave, Newark City, NJ | $649,000 | 9 | 3 | 29,997 |
| 54 North 3rd Street, Paterson City, NJ | $650,000 | 9 | 4 | — |
| 681 S 11Th St 3, Newark City, NJ | $650,000 | 9 | 3 | 2,400 |
| 407 Jefferson Ave, Elizabeth City, NJ | $690,000 | 11 | 5 | 19,998 |
| 590 Hunterdon St, Newark City, NJ | $699,000 | 9 | 6 | 29,997 |
Moving Cost Estimate
EXIT Agents in Paterson City
Listing Courtesy: COLDWELL BANKER REALTY - 2014459400