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Three-Family Residential Income Property

74 Godwin Avenue Paterson, NJ 07501

74 Godwin Avenue, Paterson, NJ, 07501
$699,000
For Sale
$699,000

Three-unit residential property with recent updates and stated potential to generate approximately $6,800 per month.

Days on Market210

Property Features for 74 Godwin Avenue

General Information

Standard status
Active
Property subtype
Multi Family / 3-Three Story

Building Details

Year Built
9999
Listing agency ESSENTIAL REAL ESTATE
Listed by JUAQUANNA GAINES · License #295721
Source Compass
Added: Dec 24, 2025 Updated: Jul 21 at 4:15PM Checked: Jul 21 at 4:15PM

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 ESSENTIAL REAL ESTATE


Investment Insights

Based on property information with market context.

This for-sale three-family residential income property includes recent updates, aimed at reducing near-term downtime and supporting ongoing use as a multi-unit asset. The offering is described as able to produce approximately $6,800 per month, with additional room to grow.

The property is positioned in Paterson, NJ, with nearby access to Market & Ward Station and NJ Transit bus service to NYC, as well as proximity to schools and downtown Paterson for dining and local shopping. The public remarks also note that additional properties may be available for purchase as an eight-property package—please inquire for details.

Key Highlights

  • Three‑unit residential property with recent updates
  • Stated income potential of approximately $6,800 per month
  • Unfinished basement

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store Tanning Salon Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-unit residential property with recent updates and stated potential to generate approximately $6,800 per month.
Where is this triplex located?
The property is located at 74 Godwin Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑unit residential property with recent updates; Stated income potential of approximately $6,800 per month; Unfinished basement
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