Investment opportunity in the heart of Paterson. This brick four-family building features four units, each offering 2 bedrooms and 1 full bathroom with an open-concept living room and kitchen layout. Each unit includes wood flooring, granite countertops, and updated cabinetry, along with pantry storage and additional closets. The property offers off-street parking on one side for up to four vehicles (or shared use), with additional space on the opposite side that may allow for future parking expansion. The building does require some updates and improvements, making it ideal for an investor or buyer looking to add value and increase returns. With the right vision and upgrades, this property has strong potential as an income-producing asset. Conveniently located near transportation, shopping, and local amenities.
294 Governor St, Paterson City NJ 07501-1350
Property City
Paterson City
Property Price
$799,000
Bedrooms
8
Year Built
1940
Tax Annual Amount
$15119
TaxYear (*text)
2025
Roof (*text)
Built-Up, Flat
Lot Size Area
0.13
MLS Status
Active
MLS #
4028484
Yearly Tax Rate
5.335
Year Built (*numeric)
1940
Basement
Yes
Roofing (*text)
Built-Up, Flat
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
None
GarageSpaces
0
Heating
4+ Units, Baseboard - Hotwater
Lot Size Dimensions
100X55
Data import from
GSMLS