69 North 3rd Street Paterson, NJ 07522

Building Details

Year Built

1939

Listing agency REAL Show Phone

Listed by BRAULIO CESPEDES · License #304544 Show Phone

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Added: Jul 8 Updated: Jul 21 at 6:32AM Checked: Jul 21 at 6:32AM

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Investment Insights

Based on property information with market context.

This three-unit residential income property is configured as three separate units totaling 7 bedrooms and 3 full bathrooms. The property is described as having separate utilities for each unit, supporting more efficient management and reducing owner-paid expenses.

The property is currently generating over $5,800 in monthly rental income, which the remarks describe as more than $70,000 in gross annual rents. Offered for sale as a multi-family investment in Paterson, the building may also appeal to an owner-occupant seeking to live in one unit while using rental income from the other units to help offset monthly housing costs.

Overall, it presents an income-producing multifamily setup with multiple bedrooms across three units and an operating structure that includes separate utilities.

Key Highlights

• Three‑family property with 7 bedrooms and 3 full bathrooms across three separate units
• Currently generates over $5,800 in monthly rental income, totaling over $70,000 in gross rents
• Each unit has separate utilities, helping reduce owner‑paid expenses

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FAQs

What type of property is this?

Triplex - Three separate units with 7 bedrooms and 3 full bathrooms, currently generating over $5,800 monthly rent with separate utilities.

Where is this triplex located?

The property is located at 69 North 3rd Street Paterson, NJ.

What is the asking price?

The asking price for this property is $679,000.

What are key features of this property?

This property features: Three‑family property with 7 bedrooms and 3 full bathrooms across three separate units; Currently generates over $5,800 in monthly rental income, totaling over $70,000 in gross rents; Each unit has separate utilities, helping reduce owner‑paid expenses