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Three-Family Residential Income Property

15 Elm St Paterson, NJ 07501

15 Elm St, Paterson, NJ, 07501
$650,000
For Sale
Claim this Listing
$650,000

MULTI_FAMILY - Paterson City, NJ

Lot Size0.06 Acres
AddedMay 22
Days on Market55
Last RefreshJul 15 at 12:06 am

Property Features for 15 Elm St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Basement, Bathroom 1
Interior features
Carbon Monoxide Detector
Standard status
Active
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
10728

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1940
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other

Listing agent DOMINGO MENDEZ

Listing office REALTY EMPIRE, LLC 414 CLIFTON AVE -, Hoboken, NJ

Listing date May 22, 2026

MLS# 4029571 Listing URL

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This legal three-family home provides apartment-style living with two bedrooms and one bathroom on each floor. The property is presented for sale in as-is condition and needs major rehab, so buyers should plan for substantial renovation to bring it to market-ready condition.

The building is located in Paterson City, NJ, near downtown Paterson and the Paterson Great Falls National Historical Park. The listing details indicate a compact footprint, making it suitable for owners and contractors focused on restoring a multi-unit structure.

For investors or owner-operators, the three separate units can support residential leasing after the required improvements are completed. Because the home is being sold as-is and requires major rehab, the primary consideration is renovation scope and budget planning to convert the existing structure into functional, code-compliant apartments.

Key Highlights

  • Legal 3‑family home in Paterson with 2 bedrooms and 1 bath on each floor
  • Being sold as‑is and needs major rehab
  • Year built 1940

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Catering Service Nursing Home Pet Grooming Service Nursing Home Skin Care Clinic Veterinary Clinic Tanning Salon (Bike/Boat/Book/etc) Store Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Legal three-family home with two-bed, one-bath units per floor, sold as-is and requiring major rehab.
Where is this triplex located?
The property is located at 15 Elm St Paterson, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Legal 3‑family home in Paterson with 2 bedrooms and 1 bath on each floor; Being sold as‑is and needs major rehab; Year built 1940
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