63 Pearl St, Paterson City, NJ 07501

• 7 beds |
• 3 baths

Property 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.

Listing Status:

Active

Date Added:

May 2, 2026

Data Last Updated:

May 10, 2026 at 1:40PM

Listing Office:

HOWARD HANNA RAND REALTY : 973-694-6500

MLS ID:

4024143

Interior

• Basement: FinishedFull
• A/C: None
• Heating: Baseboard - HotwaterGas-Natural

Exterior

• General: Aluminum SidingPatio
• Parking: Parking spaces: 0

Construction

• Roofing: Asphalt Shingle

Location

• County: Passaic

Lot

• Driveway: On-Street Parking
• Zoning: 2508-04315-0000-00022-0000-

Utilities

• Utilities: ElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer