$524,000

15 N 3Rd St, Paterson City, NJ 07522

7 beds |
2 baths

Multi-Family Home
Built in 1900
2,614sqft lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

PRICE IMPROVEMENT Now accepting Offers Exceptional opportunity for owner-occupants and investors alike. Completely renovated in 2022, this turn-key multi-family property features two spacious units plus a 3rd-floor ADU with 2 bedrooms, kitchen, and bath, offering outstanding income potential and flexible living arrangements. The 1st-floor unit is now vacant, and the 2nd-floor tenant will vacate at closing, providing immediate occupancy and rental flexibility. Unit 1 offers Spanish porcelain flooring, quartz countertops, 2 bedrooms, and a renovated bath. Unit 2 spans the 2nd and 3rd floors with Italian wood-look porcelain flooring, 5 bedrooms, 1.5 baths, and an updated kitchen with quartz counters. Major improvements include new hydronic boilers, updated electrical panels, hot water heaters, separate utilities, updated rear stairs, private backyard, and full basement for storage. Lead-Free Certification and UST Oil Tank Scan documentation available. Conveniently located near schools, shopping, restaurants, parks, and public transportation. Whether you're looking to live in one unit while generating income or add a strong cash-flowing asset to your portfolio, this property delivers exceptional value at its new price. Units 3 are currently occupied with month to month tenants. 2nd floor will vacate if requested.

Listing Status:: Active
Data Last Updated:: October 5, 2026 at 5:42AM
Listing Office:: COLDWELL BANKER REALTY : 973-694-8000
MLS ID:: 4031056

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

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

Roofing: Asphalt Shingle

County: Passaic

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

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

Exclusions: Tenant Personal Belongings

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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