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Residential Income For Sale

15 3rd Street, Paterson, NJ 07522

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Property Description
PRICE IMPROVEMENT – NOW $524,000! Exceptional opportunity for owner-occupants and investors alike. Completely renovated in 2022, this turn-key multi-family property features two spacious units plus a 3rd-floor ADU with 2 bedrooms, kitchen, and bath, offering outstanding income potential and flexible living arrangements. The 1st-floor unit is now vacant, and the 2nd-floor tenant will vacate at closing, providing immediate occupancy and rental flexibility. Unit 1 offers Spanish porcelain flooring, quartz countertops, 2 bedrooms, and a renovated bath. Unit 2 spans the 2nd and 3rd floors with Italian wood-look porcelain flooring, 5 bedrooms, 1.5 baths, and an updated kitchen with quartz counters. Major improvements include new hydronic boilers, updated electrical panels, hot water heaters, separate utilities, updated rear stairs, private backyard, and full basement for storage. Lead-Free Certification and UST Oil Tank Scan documentation available. Conveniently located near schools, shopping, restaurants, parks, and public transportation. Whether you’re looking to live in one unit while generating income or add a strong cash-flowing asset to your portfolio, this property delivers exceptional value at its new price. All Units 3 are currently occupied with month to month tenants. 2nd floor will vacate if requested.
Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26019901
Price:
$524,000
Status:
Active
Office Name:
Coldwell Banker, Wayne
Agent Name:
Mizell
Features
Architectural Style:
2 Family
Laundry Features:
None
Utilities:
Sep Elec, Sep Gas, Sep Heat
Address Map
Country:
US
State:
NJ
County:
PASSAIC
City:
Paterson
Zipcode:
07522
Street:
3rd
Street Number:
15
Street Suffix:
Street
Longitude:
W75° 49' 25.7''
Latitude:
N40° 55' 31.9''
Additional Information
On Market Date:
2026-05-30
Financial
Tax Annual Amount:
11519
Listing Information
Co List Agent Mls Id:
461576
List Agent Mls Id:
1018239
List Office Mls Id:
63622
Mls Status:
Active
Modification Timestamp:
2026-10-01T19:21:08Z
Originating System Name:
njmls
Status Change Timestamp:
2026-09-01
Residential Income For Sale
Listing ID:
26019901
$524,000
Agent info
Contact Agent

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