Listing Details

84 Auburn St,Paterson City, NJ 07501-1541

  • January 15, 2026

Description

Welcome to a rare turnkey investment opportunity: a 2020-built, 6-unit multifamily property fully leased at strong market rents. This modern asset offers six 1-bedroom, 1-bath residences, each thoughtfully designed with luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit laundry, and individual HVAC systems controlled by each tenant.The building is engineered for efficiency and durability, featuring tankless instant hot water, a full security camera system, fire sprinkler system, and split HVAC systems serving the common areas. Quality construction and low-maintenance systems translate to reduced operating costs and long-term performance.Located in Paterson, this property combines modern design, high tenant appeal, and reliable cash flow?making it an ideal addition for investors seeking a stabilized, low-maintenance asset from day one. Opportunities like this don?t come around often?secure this premium multifamily investment today.

Details

Last Updated On: January 15th, 2026 at 4:14 pm
Property ID:PT-24548221-AXZR
Offer Type:For Sale
Property Type:Apartment Complex
Price: 1,300,000 $
Year Built:2020

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 51X100
Lot Description: Level Lot
Office SqFt: 5000
Property Type: Apartment Complex
Lot Identifier: 10

Home Details

Location: Residential Area
Acreage: 0.12
Sale Includes: Building & Land
Construction: Wood
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Number of Stories: 3
Number of Units: 6
Number of Lavatories: 6
Floors: Vinyl-Linoleum
Available SqFt: 5000
Building SqFt: 5000
Parking Desc: None, On-Street Parking
Easement/Desc: No
Basmnt/Desc: Yes - Full, Unfinished, Walkout
Tenant Pays: Cable T.V., Electric, Gas, Heat, Water
Owner Pays: Maintenance-Common Area, Snow Removal
YB/Desc: 2020 - Approximate
Block Identifier: 3613
County Number: 25
Town Number: 2508
Possession: ASAP

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Financial Statement, Income & Expenses, Leases
Lease Info: 1 Year Minimum
Ownership: Fee Simple
Tax ID For Property: 2508-03613-0000-00010-0000-
Tax Amount: $5,940.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Land Assessment: $27,600.00
Building Assessment: $89,000.00
Total Assessment: $116,600.00

Utilities

Equipment Available: Appliances, Fire Alarm, Security System, Smoke Detector, Sprinkler System
Heat Source: Gas-Natural
Heat System: 4+ Units, Forced Hot Air
Cool System: 4+ Units, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Services: Cable TV, Fiber Optic

Other

Zoning: Residential

Statistics

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