Listing Details

86 Pennington St,Paterson City, NJ 07501-3138

  • April 27, 2026

Description

Well-maintained 3-family property offering strong income potential in a convenient Paterson location. Each unit features 4 bedrooms and 1 full bath, providing spacious layouts ideal for a variety of living arrangements. All units are currently occupied, generating consistent rental income. The property includes separate living spaces with baseboard gas heating, window unit cooling, and a full walk-out basement offering additional utility and storage. Situated on a regular 25×100 lot, the home is constructed with vinyl siding and is connected to municipal water and sewer. Conveniently located near parks, schools, shopping, and public transportation, making it attractive for both tenants and investors. A solid opportunity to own a multi-family property with existing cash flow and long-term upside.

Details

Last Updated On: April 27th, 2026 at 6:33 pm
Property ID:PT-38772820-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 699,999 $
Bedrooms:12
Year Built:1700

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 25X100
Lot Identifier: 27
Lot Identifier: 27

Home Details

Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Full, Walkout
Acreage: 0.06
Total Baths: 4.00
Unit Style: 3-Three Story
Number of Units: 3
Rooms: 15
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: 0-30
Unit 1 Levels: 1
Unit 1 Rooms: 5
Unit 1 Beds: 4
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Rent: 1680
Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 1 Security Deposit: 1600
Unit 2 Levels: 2
Unit 2 Rooms: 5
Unit 2 Beds: 4
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Rent: 1365
Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 2 Security Deposit: 1300
Unit 3 Levels: 3
Unit 3 Rooms: 5
Unit 3 Beds: 4
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 3 Handicap: No
Unit 3 Rent: 1575
Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 3 Security Deposit: 1800
Block Identifier: 6405
County Number: 25
Town Number: 2508
YB/Desc: 1700 - Approximate
Easement: Unknown
Block Identifier: 6405
County Number: 25
Town Number: 2508
Possession: 0-30

Taxes, Fees & Assessments

Gross Operating Income: 1
Net Operating Income: 1
Tax ID For Property: 2508-06405-0000-00027-0000-
Tax Amount: $13,614.00
Tax Year: 2025
Tax Rate: 5.335%
Tax Rate Year: 2025
Land Assessment: $96,800.00
Building Assessment: $510,500.00
Total Assessment: $607,300.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: Baseboard - Cast Iron
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Statistics

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