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204 Governor St Paterson, NJ $ 789,000
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$ 789,000 Get more info
204 Governor St
$ 789,000
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204 Governor St

Paterson, NJ, 07501
$ 789,000
Bedrooms12 Baths3.0

Monthly Estimate*

$ 4,922

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Multi-Family Home for sale in Paterson, NJ

for $789,000 with 12 bedrooms and 3 full baths. This home was built in 1980.

This property presents a superior investment opportunity with three spacious apartment units, each comprising four bedrooms and equipped with separate utility meters. Tenants are responsible for gas, electricity, heat, and hot water, reducing operating costs for the owner. Two of the three units underwent full renovations in 2024, significantly increasing the property's desirability. The large backyard offers valuable outdoor space, making this asset attractive to both seasoned investors and tenants seeking high-quality rental housing.

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Multi-Family Active

Price

$ 789,000

Bedrooms

12

Full Bath

3

Property Type

Multi-Family

Taxes

$ 12,000

Style

3-Three Story

Year Built

1980

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

3979344
Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Alarm Sys Fire Extinguisher Smoke Detector
Basement Finished-Partially
Unit 1 Baths Total 1.0
Unit 1 Beds Total 4
Unit 2 Baths Total 1.0
Unit 2 Beds Total 4
Unit 3 Baths Total 1.0
Unit 3 Beds Total 4
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 12
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General
Sewer Public Sewer
Heating Forced Hot Air
Cooling Window A/C(s)
Utilities Gas-Natural
Possession At closing
Roof Asphalt Shingle
Water Heater Gas
Architectural Style 3-Three Story
Year Built 1980
Garage On-Street Parking
Township Paterson City
Tax Year 2024
Gross Income 90276
County Passaic
Net Operating Income 88776
Operating Expense 1500
Total Rooms 18
Full Baths 3
Status Active
Directions Located just a block from Graham Avenue and a quick six-minute drive to downtown Paterson this property offers prime access and convenience.
Open Parking Spaces 0
Number Of Units Total 3
Tax Annual Amount 12000
Home Warranty Y/N No
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 351100
Town # 2508
Tax Lot 7
Farm Assessment No
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Exterior
Exterior Amenities Patio
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 3 FAM REVERTED FROM
Lot Size Acres 0.00
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* Excluded Features
List By
JOSE YNGA

Listing Agent

Goyburu Realty, Llc

Broker

Affordability Calculator

$5,922
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,922
Monthly Property Taxes
$1,000
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/6/2025$789,000 -0.13% Price Down
8/4/2025$790,000 Listed Price

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204 Governor St, Paterson, NJ, 07501 is a Multi-Family Home for sale at $789,000. 204 Governor St has 12 bedrooms, 3.0 baths, and was built in 1980. The property's zip code is 07501 which is in Paterson, NJ

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