For Multi Family

23 Ward St,Paterson City, NJ 07501-4808

February 9, 2026

Great opportunity to own a 4-unit multifamily property with strong income potential! This building features a total of 8 bedrooms and 4 full bathrooms, offering spacious layouts across all four units. Ideal for investors or owner-occupants looking to add value and build long-term cash flow.The property needs some work, making it a perfect value-add opportunity for buyers ready to renovate and increase rents or equity. Solid footprint, multiple units, and strong upside in a growing rental market.Whether you?re expanding your portfolio or looking for your first multifamily investment, this property offers the space, structure, and potential to become a great income-producing asset.Bring your vision and unlock the possibilities!

Property ID:PT-27771379-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 675,000 $

Bedrooms:8

Year Built:9999

Listing Details

Status: Active

Location

County: Passaic

Lotsize: 33X100

Lot Identifier: 19

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.08

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 4

Rooms: 16

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Upon Closing

Unit 1 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 1

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Rent: 1150

Unit 1 Room Description: Bedrooms, Kitchen, Living Room

Unit 2 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Rent: 1525

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

Unit 3 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Rent: 1350

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Unit 4 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 4 Levels: 1

Unit 4 Rooms: 5

Unit 4 Beds: 3

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Rent: 1200

Unit 4 Room Description: Bedrooms, Kitchen, Living Room

Block Identifier: 4705

County Number: 25

Town Number: 2508

YB/Desc: 9999 - Unknown

Easement: Unknown

Parking/Driveway Description: None, On-Street Parking

Block Identifier: 4705

County Number: 25

Town Number: 2508

Possession: Upon Closing

Taxes, Fees & Assessments

Gross Operating Income: 62700

Net Operating Income: 49733

Expense Include: Taxes

Tax ID For Property: 2508-04705-0000-00019-0000-

Tax Amount: $12,966.00

Tax Year: 2024

Tax Rate: 5.095%

Tax Rate Year: 2025

Land Assessment: $25,700.00

Building Assessment: $228,800.00

Total Assessment: $254,500.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: Baseboard - Hotwater

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

23 Ward St,Paterson City, NJ 07501-4808

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