294 Governor St Paterson, NJ 07501

Building Details

Year Built

1940

Listing Agency c***@gmail.com

Listed by CHRISTINE CEDERQUIST

Source Elliman

Added: May 19 Checked: Jul 16 at 8:22 am

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Investment Insights

Based on property information with market context.

This brick four-family building in Paterson presents an investment opportunity. Each of the four units features 2 bedrooms and 1 full bathroom, with an open-concept living room and kitchen. Units are equipped with wood flooring, granite countertops, and updated cabinetry, along with pantry storage and additional closets. Off-street parking is available on one side of the property for up to four vehicles, with additional space on the opposite side potentially allowing for future parking expansion. The building requires some updates and improvements, making it suitable for an investor or buyer seeking to add value and increase returns. The property has potential as an income-producing asset. The location is near transportation, shopping, and local amenities. The property is located in a very walkable area with some transit options and is bikeable.

Key Highlights

• Four income‑generating units in a single building.
• Each unit features 2 bedrooms and 1 full bathroom with an open‑concept living room and kitchen.
• Units include wood flooring, granite countertops, and updated cabinetry.

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FAQs

What type of property is this?

Quadplex - Four-unit building with renovation potential near transportation and amenities.

Where is this quadplex located?

The property is located at 294 Governor St Paterson, NJ.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Four income‑generating units in a single building.; Each unit features 2 bedrooms and 1 full bathroom with an open‑concept living room and kitchen.; Units include **wood flooring, granite countertops, and updated cabinetry.**