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Renovated Duplex With Bonus Space
New
For Sale
$529,000

172 Godwin Ave, Paterson, NJ 07501

Both residences feature three bedrooms, updated kitchens and bathrooms, central air, and forced-air heat.

Property SizeContact for details
Days on Market4

Property Features for 172 Godwin Ave

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $7,527

Amenities

central air conditioning
forced-air heat
new front fence

Building Details

Year Built 1940
Units 2
Tenancy Multi
Listing Agency: HomeSmart First Advantage Realty
Listed By: IHAB DAVID
Source: Elliman
Added: Aug 2 Changed: Aug 3 Last Checked: Aug 5 at 10:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart First Advantage Realty

Investment Insights

Based on property information with market context.

This renovated duplex in Paterson includes two residential units, each with three bedrooms, updated bathrooms, and kitchens finished with modern countertops and breakfast islands. A new roof, central air conditioning, forced-air heat, and a new front fence are among the property improvements.

The finished third floor adds an additional room, full bathroom, and dedicated laundry room. The extra level can support office, guest, or recreation use without changing the two-unit configuration. Built in 1940, the property is located at 172 Godwin Ave and has a Walk Score of 75, a Bike Score of 50, and a Transit Score of 35.

Key Highlights

  • Two‑unit property with 3 bedrooms in each residence
  • Finished third floor with an additional room, full bathroom, and dedicated laundry room
  • Brand‑new roof and updated bathrooms in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Nursing Home (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,101
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences feature three bedrooms, updated kitchens and bathrooms, central air, and forced-air heat.
Where is this duplex located?
The property is located at 172 Godwin Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two‑unit property with 3 bedrooms in each residence; Finished third floor with an additional room, full bathroom, and dedicated laundry room; Brand‑new roof and updated bathrooms in both units
More about this property
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