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Apartment Complex For Sale

106-108 N 8th St, Paterson City, Passaic 07522-3120

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Property Description

Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4016392
Price:
$1,090,000
Year Built:
1954
Lot Area:
0.17 Acre
Status:
Active
Office Name:
COREY J SCHNEIDER
Agent Name:
GEO KUMETZ
Roof:
Asphalt Shingle, See Remarks
Features
Heating System:
Baseboard - Electric
Cooling System:
Window A/C(s)
Basement:
Full, Storage
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07522-3120
Street:
N 8Th St
Street Number:
106-108
Longitude:
W75° 49' 18.3''
Latitude:
N40° 55' 43.7''
Directions:
From W Broadway to Belmont Ave, to N 8th St. 106-108 North 8th Street, Paterson, NJ 07522, Convenient access to local roadways.
Zoning:
Multi-family
Additional Information
Lot Size Dimensions:
50 X 100
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
6
Garage:
6
Building Size:
4008
Financial
Tax Annual Amount:
22636
Listing Information
List Agent Mls Id:
306325
List Office Mls Id:
3400
Mls Status:
Active
Modification Timestamp:
2026-06-30T12:04:22Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4016392
Lot Area:
0.17 Acre
$1,090,000
Agent info
Contact Agent

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