17
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$1,275,000
Est. payment /mo
4,008 SqFt
Price Dropped by $24K
106-108 N 8Th St Paterson City, NJ 07522
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,008 sqft
Price per Sqft $318
MLS Listing ID 4016392
Year Built 1954
Annual Tax Amount $22,636
Tax Year 2025
Lot Size 7,405 Sqft
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.
Location
State NJ
County Passaic
Zoning Multi-family
Rooms
Basement Full, Storage
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Concrete, See Remarks, Vinyl Siding, Wood
Garage Spaces 6.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle, See Remarks
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by COREY J SCHNEIDER
NEARBY SCHOOL & BUSINESS
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