Listing Details

8 Kipp Pl,Paterson City, NJ 07513-1331

  • March 9, 2026

Description

Located in the desirable Lakeview section of Paterson, this solid brick two family property offers spacious layouts, strong income potential, and a convenient residential setting. Situated on a 50 x 100 lot, the home provides generous living space along with a private driveway that accommodates up to four cars.The first floor unit features three bedrooms, a comfortable living room with great natural light, and a spacious eat in kitchen with room for everyday dining. The second floor unit offers two bedrooms, a bright living room, and its own eat in kitchen, creating a functional layout for rental income or extended living arrangements.The finished basement adds valuable additional living and recreational space and includes a dedicated laundry room, providing extra convenience and flexibility. Outside, the property features a long paver driveway with parking for approximately four vehicles, a welcoming front porch, and backyard space suitable for outdoor enjoyment.This 2-family home in Lakeview Paterson NJ presents an excellent opportunity for investors or owner occupants looking to generate rental income while owning in a well established neighborhood. Conveniently located near schools, parks, shopping, restaurants, and major highways, with easy access to public transportation for commuting.

Details

Last Updated On: March 9th, 2026 at 5:35 pm
Property ID:PT-31125871-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 699,000 $
Bedrooms:5
Year Built:1060

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: L35 50X100
Lot Identifier: 5
Lot Identifier: 5

Home Details

Open Parking: 4
Basement: Yes
Basmnt/Desc: Yes - Finished
Acreage: 0.11
Total Baths: 2.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 9
Easement/Desc: Unknown
Exterior Description: Aluminum Siding, Brick
Roof Description: Asphalt Shingle
Possesion: 0-30
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector, Sump Pump
Unit 1 Levels: 1
Unit 1 Rooms: 5
Unit 1 Beds: 3
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 SqFt: 9999
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 2 Levels: 2
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 SqFt: 9999
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Block Identifier: 7501
County Number: 25
Town Number: 2508
YB/Desc: 1060 - Approximate
Easement: Unknown
Parking/Driveway Description: 1 Car Width, Driveway-Exclusive, Off-Street Parking, Paver Block
Block Identifier: 7501
County Number: 25
Town Number: 2508
Possession: 0-30

Taxes, Fees & Assessments

Gross Operating Income: 9999
Net Operating Income: 9999
Tax ID For Property: 2508-07501-0000-00005-0000-
Tax Amount: $13,134.00
Tax Year: 2025
Tax Rate: 5.335%
Tax Rate Year: 2025
Land Assessment: $71,100.00
Building Assessment: $175,100.00
Total Assessment: $246,200.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 1 Unit
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Statistics

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