15 N 3Rd St, Paterson City, NJ 07522

• 7 beds |
• 2 baths

Property Description

GREAT INVESTMENT OPPORTUNITY FOR BOTH USER AND INVESTOR. PRICE IMPROVEMENT - NOW $549,000! Exceptional opportunity for both owner-occupants and investors to own this beautifully renovated income-producing multi-family property. Featuring two spacious units plus a 3rd-floor ADU with 2 bedrooms, kitchen, and bath, this property offers outstanding rental income potential and flexible living arrangements. The first-floor unit features elegant Spanish porcelain flooring, a large living room, a brand-new eat-in kitchen with custom quartz countertops, two generously sized bedrooms, and a fully renovated bath. The expansive second unit spans the second and third floors and showcases premium Italian wood-look porcelain flooring, a spacious living room, a new kitchen with quartz countertops, five bedrooms, and 1.5 baths. Additional improvements include separate and updated utilities, upgraded electrical panels, newer backyard stairs, a private backyard, and a full unfinished basement offering additional storage and future possibilities. Conveniently located near public transportation, schools, parks, shopping, and restaurants. Whether you're looking to live in one unit and generate rental income from the others or add a strong cash-flowing asset to your portfolio, this turn-key property delivers exceptional value at $549,000. Second-floor tenant will vacate at closing. LEAD FREE CRETIFICATION AND UST OILD TANK SCAN DOCUMENTS AVAILABLE IN DOCUMENTS

Listing Status:

Active

Data Last Updated:

August 9, 2026 at 6:40AM

Listing Office:

COLDWELL BANKER REALTY : 973-694-8000

MLS ID:

4031056

Interior

• General: Fire Alarm SysSmoke DetectorVinyl-Linoleum Floors
• Basement: UnfinishedWalkout
• A/C: None
• Heating: 2 UnitsBaseboard - HotwaterGas-Natural

Exterior

• General: Aluminum SidingOpen Porch(es)
• Parking: Parking spaces: 0

Construction

• Roofing: Asphalt Shingle

Location

• County: Passaic

Lot

• Driveway: NoneOn-Street Parking
• Zoning: 2508-00304-0000-00012-0000-

Utilities

• Utilities: All Underground
• Water: Public Water
• Sewer: Public Sewer

Financial

• Exclusions: Tenant Personal Belongings