Search
Renovated Two-Family Home with Third-Floor Bonus
New
For Sale
$529,000

172 Godwin Ave, Paterson, NJ 07501

MULTI_FAMILY - Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market6

Property Features for 172 Godwin Ave

General Information

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

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7527

Utilities

Sewer type Public Sewer
Water source Public

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: Aug 3 Last Checked: Aug 5 at 9:06PM
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.

Completely renovated two-family home at 172 Godwin Ave in Paterson City, NJ, offering updated living space for either owner-occupancy or rental use. The property includes a brand-new shingle roof, updated kitchens with modern countertops and a breakfast island, and updated bathrooms in each unit. Both units provide three bedrooms, supporting flexible living arrangements across the two-family layout.

A finished third floor adds valuable bonus space with an additional room, a full bathroom, and a dedicated laundry room—well-suited for a home office, guest suite, or recreation space. Additional improvements include central air conditioning and forced-air heat, along with a new front fence.

Set on a 0.06-acre lot and built in 1940, the home is served by public water and public sewer.

Key Highlights

  • 0.06‑acre lot with shingle roof and public water/public sewer
  • Brand‑new roof as part of complete renovation
  • Two‑family layout with updated kitchens and updated bathrooms in each unit

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

2
Residential units

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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Completely renovated two-family home with central air, forced-air heat, and a finished third-floor with bath and laundry.
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: 0.06‑acre lot with shingle roof and public water/public sewer; Brand‑new roof as part of complete renovation; Two‑family layout with updated kitchens and updated bathrooms in each unit
More about this property
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