Listing Details

123 Belmont Ave,Paterson City, NJ 07522-1157

  • December 19, 2025

Description

Excellent Investment Opportunity! Renovated 4-family property sitting on a rare double lot, offering tremendous potential and strong income-producing value. This well-maintained building features updated units, on-site parking, and plenty of outdoor space with room for future possibilities. Ideal for investors looking to expand their portfolio or a first-time home buyer seeking to live in one unit while generating rental income from the others. A solid, turnkey property with upside potential?don?t miss this opportunity!

Details

Last Updated On: December 19th, 2025 at 7:27 pm
Property ID:PT-21345007-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 949,000 $
Bedrooms:9
Year Built:1888

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 50X115
Lot Identifier: 8
Lot Identifier: 8

Home Details

Open Parking: 7
Basement: Yes
Renovated: 2020
Basmnt/Desc: Yes - Finished
Acreage: 0.13
Total Baths: 5.00
Unit Style: Fourplex
Number of Units: 4
Rooms: 21
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: 0-30
Unit 1 Levels: 1
Unit 1 Rooms: 3
Unit 1 Beds: 1
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Unit 2 Levels: 2
Unit 2 Rooms: 6
Unit 2 Beds: 3
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Unit 3 Levels: 2
Unit 3 Rooms: 7
Unit 3 Beds: 3
Unit 3 Baths: 2.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 3 Handicap: No
Unit 3 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Unit 4 Levels: 2
Unit 4 Rooms: 5
Unit 4 Beds: 2
Unit 4 Baths: 1.0
Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 4 Handicap: No
Unit 4 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Block Identifier: 706
County Number: 25
Town Number: 2508
YB/Desc: 1888 - Renovated
Easement: Unknown
Parking/Driveway Description: Blacktop, Driveway-Exclusive
Block Identifier: 706
County Number: 25
Town Number: 2508
Possession: 0-30

Taxes, Fees & Assessments

Gross Operating Income: 8275
Net Operating Income: 6675
Tax ID For Property: 2508-00706-0000-00008-0000-
Tax Amount: $10,398.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Land Assessment: $41,300.00
Building Assessment: $162,800.00
Total Assessment: $204,100.00
FHA Age Restricted: No

Utilities

Heat Source: Electric
Heat System: 4+ Units, Baseboard - Hotwater
Cool System: 4+ Units
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Statistics

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