For Multi Family

154 Butler St,Paterson City, NJ 07524-1920

April 9, 2026

Turnkey 3-Family Home The Perfect Live-in Investment with 8% cap rate Welcome to your new home and smart financial future! This completely renovated three-family property offers the perfect blend of modern comfort and effortless income. Each of the three private units features a thoughtful layout with 2 bedrooms and 1 bathroom, making them highly desirable for renters.Say goodbye to management headaches! The property is designed for efficiency, with separate meters and boilers for each apartment. This means tenants are responsible for their own utilities, streamlining your responsibilities and maximizing your profit.Live in one beautiful unit and let the other two generate significant rental income, providing a powerful way to offset your mortgage or build long-term wealth. This is more than just a home, it’s an intelligent path to financial freedom. Don’t miss this rare opportunity to own a fully updated, income-producing property.Seller open for assumable mortgage 5.47%

Property ID:PT-35990344-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 699,000 $

Bedrooms:6

Year Built:1939

Listing Details

Status: Active

Location

County: Passaic

Lotsize: 25X72

Lot Identifier: 30

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2022

Basmnt/Desc: Yes - Finished, Partial

Acreage: 0.04

Total Baths: 3.00

Unit Style: 3-Three Story, Triplex

Number of Units: 3

Rooms: 18

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: 30-60

Unit 1 Appliances/Equipment: CarbMDet,CookGas,FireAlrm,Refrig

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 900

Unit 1 Rent: 1620

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Family Room

Unit 2 Appliances/Equipment: CarbMDet,CookGas,FireAlrm,Refrig

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 900

Unit 2 Rent: 2020

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Family Room

Unit 3 Appliances/Equipment: CarbMDet,CookGas,FireAlrm,Refrig

Unit 3 Levels: 3

Unit 3 Rooms: 5

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 900

Unit 3 Rent: 1750

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Family Room

Garage Description: None

Block Identifier: 2908

County Number: 25

Town Number: 2508

YB/Desc: 1939 - Renovated

Easement: Unknown

Parking/Driveway Description: None

Block Identifier: 2908

County Number: 25

Town Number: 2508

Possession: 30-60

Taxes, Fees & Assessments

Gross Operating Income: 64800

Net Operating Income: 54800

Expense Include: Hot & Cold Water, Insurance, Maintenance, Taxes

Tax ID For Property: 2508-02908-0000-00030-0000-

Tax Amount: $7,600.00

Tax Year: 2026

Tax Rate: 5.335%

Tax Rate Year: 2025

Land Assessment: $122,600.00

Building Assessment: $505,700.00

Total Assessment: $628,300.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

154 Butler St,Paterson City, NJ 07524-1920

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