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

172 Godwin Ave, Paterson, NJ 07501

Multi-Family, Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market59

Property Features for 172 Godwin Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Basement, Bedroom 4, Bedroom 5, Bathroom 1
Directions E 18TH st to Godwin
Standard status Pending
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7527

Utilities

Sewer type Public Sewer
Water source Public

Amenities

central air conditioning
forced-air heat
new front fence
laundry room

Building Details

Year built 1940
Number of units 2
Roof type Shingle
Listing Agency: HOMESMART FIRST ADVANTAGE · HomeSmart International
Listed By: IHAB DAVID
Added: Jul 31 Changed: Sep 21 Last Checked: Sep 27 at 6:06PM
MLS# 4044053

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 renovated duplex contains two residential units, each with three bedrooms. Updated kitchens feature contemporary countertops and breakfast islands, while the bathrooms have also been upgraded. Central air conditioning and forced-air heat serve the property, and the roof is shingle-covered.

A finished third level expands the layout with an additional room, full bathroom, and separate laundry room. The space can accommodate a home office, guest area, or recreation room. Exterior improvements include a new front fence. The property occupies a 0.06-acre lot, was built in 1940, and is served by public water and public sewer.

Key Highlights

  • Two‑family duplex with 3 bedrooms in each unit
  • Finished third floor with an additional room, full bathroom, and dedicated laundry room
  • Updated kitchens with modern countertops and breakfast islands

Property Analytics

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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

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,160
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Two three-bedroom units include updated kitchens, bathrooms, central air conditioning, 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‑family duplex with 3 bedrooms in each unit; Finished third floor with an additional room, full bathroom, and dedicated laundry room; Updated kitchens with modern countertops and breakfast islands
More about this property
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