Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Paterson City Paterson, NJ 07514

    For Sale
    $1,150,000

    Multi-Family, See Remarks - Paterson City, NJ

    Lot size:
    0.11 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 8 at 12:06 am

    Property Features for Paterson City

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
    Bedrooms
    10
    Bathrooms
    6
    Parking
    4
    Parking features
    Driveway
    Interior features
    Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
    Exterior features
    Curbs, Sidewalk, Storm Window(s)
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range, Refrigerator
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1945
    Number of units
    4
    Roof type
    Asphalt, Rubber, Shingle
    Architectural style
    Other

    Coldwell Banker Susani Realty (973) 790-6996 [email protected]

    Listing agent JOHN G. SUSANI (973) 790-6996

    Listing date Nov 11, 2025

    MLS# 3997336 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with High Rent Roll

    This mixed-use property in Paterson City, NJ, is listed for sale as a four-unit building, including a restaurant and garages, with addresses at 100, 102, and 104 3 Ave. The property includes a one-family house, a store/restaurant, a rear apartment on the second floor, garage storage, a studio apartment, and another rear apartment. The property has a great rent roll for any investor, with a CAPE RATE above 8-9%. The one-family house is rented for $2,685.00, the rear apartment for $2,400.00, the restaurant for $2,200.00, the garage for $825.00, the studio apartment for $1,100.00, and the other rear unit for $2,100.00. The total monthly rent is $11,310.00, with tenants responsible for their own heat and AC expenses. The total annual rent is $135,720.00. The property taxes total $33,854.00. The yard has room to park up to 4-5 cars. The lot size is 0.11 acres.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.145
    Latitude
    40.9261

    Nearby Similar for Sale

    • $830,000
      0.08 Acres

      Modern Two-Family Home in Paterson

      Stunning, modern two-family home with finished ground level.
      61 N 5Th St, Paterson, NJ 07522
      View Details
    • $775,000
      0.25 Acres

      Spacious Multi-Family Home, Paterson City

      Six-bedroom home with finished basement, convenient location in Paterson City.
      274 W Broadway, Paterson, NJ 07522
      View Details
    • $819,000
      0.06 Acres

      Multi-Family Mixed-Use Building

      Three-story mixed-use property with bodega and renovated apartments.
      609 Madison Ave, Paterson, NJ 07514
      View Details
    • $629,000
      Pending

      Renovated Two-Family Home in Paterson

      Renovated two-family home in Paterson with investment potential.
      102 Oxford St, Paterson, NJ 07522
      View Details
    • New
      $1,990,000
      5,300 SF

      Paterson Mixed-Use Investment Opportunity

      Nine-unit building with commercial and residential spaces in downtown Paterson.
      153-155 Ellison St, Paterson, NJ 07505
      View Details
    • $680,000
      Pending

      Spacious Multi-Family Home, Paterson City

      Well-maintained 2-family home with 8 bedrooms and updated features.
      58 Park Ave, Paterson, NJ 07501
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-family property with restaurant and garage, high income potential.
    Where is this mixed-use property located?
    The property is located at Paterson City Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - High CAP Rate: Property offers an above 8-9% CAP rate, indicating strong investment potential.; - Significant Rental Income: Generates a total monthly rent of $11,310.00 and an annual rent of $135,720.00.; - Multiple Income Streams: Consists of a one-family house, store/restaurant, rear apartment, garage storage, and studio apartment, providing diversified income.
    (973) 790-6996
    Request Owner's contact information
    Paterson City Paterson, NJ 07514
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Paterson City
    Paterson, NJ 07514
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Paterson City Paterson, NJ 07514
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.