Four-Unit Property with Separate
New
For Sale
$1,199,000
165 Godwin Ave, Paterson, NJ 07501
Four-unit multifamily built in 1970 with separate utilities and six off-street parking spaces.
Days on Market2
Property Features for 165 Godwin Ave
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Multi Family
Financials
Cap Rate
7.5%
Gross Income
$120,000
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1970
Listing Agency:
Coldwell Banker, Ridgewood
(201) 710-0598
Listed By:
MAIKOL PUEBLA
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 4:48AM
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 Coldwell Banker, Ridgewood
Investment Insights
Based on property information with market context.
This four-family (quadplex) multifamily property was built in 1970 and features separate utilities for all units. Each spacious unit offers approximately 1,200 square feet of living space. The property is described as generating nearly $120,000 in annual gross rental income and offering a 7.5% cap rate. Additional amenities include six off-street parking spaces.
The property is located at 165 Godwin Ave in Paterson, NJ, with convenience to major highways and public transportation, along with nearby shopping, restaurants, schools, and parks. BikeScore is listed as 50 (Bikeable) and walkScore is listed as 75 (Very Walkable), with a transitScore of 35 (Some Transit).
The combination of unit-level utility separation and on-site parking is designed to support straightforward operations for a four-unit rental property.
The property is located at 165 Godwin Ave in Paterson, NJ, with convenience to major highways and public transportation, along with nearby shopping, restaurants, schools, and parks. BikeScore is listed as 50 (Bikeable) and walkScore is listed as 75 (Very Walkable), with a transitScore of 35 (Some Transit).
The combination of unit-level utility separation and on-site parking is designed to support straightforward operations for a four-unit rental property.
Key Highlights
- Built in 1970 four‑family property with separate utilities for all units
- Approximately 1,200 SF per unit
- 7.5% cap rate (as described)
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,101
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily built in 1970 with separate utilities and six off-street parking spaces.
Where is this quadplex located?
The property is located at 165 Godwin Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Built in 1970 four‑family property with separate utilities for all units; Approximately 1,200 SF per unit; 7.5% cap rate (as described)
