Listing Details

363 Van Houten St,Paterson City, NJ 07501-2121

  • January 14, 2026

Description

Fantastic opportunity to own a solid income-producing 5-family property, ideal for investors seeking steady cash flow and long-term appreciation. This well-maintained building offers strong rental income potential with a proven history of occupancy. Conveniently located near transportation, shopping, and local amenities, making it highly attractive to tenants. Whether you’re expanding your portfolio or entering the multifamily market, this property delivers reliability, upside potential, and consistent returns. This property has a 5 family green card from state of NJ. All 5 units are 2 bedroom units – currently all rented on a month to month basis.

Details

Last Updated On: January 14th, 2026 at 8:28 pm
Property ID:PT-24443021-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 1,150,000 $
Bedrooms:10
Year Built:1900

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 37X77
Lot Identifier: 11
Lot Identifier: 11

Home Details

Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Finished
Acreage: 0.07
Total Baths: 5.00
Number of Units: 2
Rooms: 25
Easement/Desc: No
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: upon closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 10
Unit 1 Beds: 4
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Levels: 2
Unit 2 Rooms: 15
Unit 2 Beds: 6
Unit 2 Baths: 3.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
Block Identifier: 4201
County Number: 25
Town Number: 2508
YB/Desc: 1900 - Approximate
Easement: No
Parking/Driveway Description: None
Block Identifier: 4201
County Number: 25
Town Number: 2508
Possession: upon closing

Utilities

Heat Source: Gas-Natural
Heat System: Baseboard - Hotwater
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: Electric

Taxes, Fees & Assessments

Tax ID For Property: 2508-04201-0000-00011-0000-
Tax Amount: $5,135.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Land Assessment: $19,000.00
Building Assessment: $81,800.00
Total Assessment: $100,800.00
FHA Age Restricted: No

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