550 River St Paterson, NJ ^$ 465,000

550 River St

^$ 465,000

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Recently Listed

550 River St

Paterson, NJ, 07524

^$ 465,000

Bedrooms5 Baths3.0 Sq 14,961

Monthly Estimate*

^$ 2,863

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Multi-Family Home for sale in Paterson, NJ

for $465,000 with 5 bedrooms and 3 full baths. This 14,961 square foot home was built in 1900 on a lot size of 0.06.

Great opportunity for investors or first-time buyers! This two-family home offers strong potential for steady rental income.The first unit features 2 bedrooms and 1 full bath. The second unit spans two levels with 2 bedrooms, 1 bath, plus a third-floor studio-style with its own full bathroom. The basement provides additional storage and enjoy a large private backyard, perfect for outdoor relaxation or entertaining. Separate utilities and an updated furnace and water heater (2021). Conveniently located near growing redevelopment areas.Schedule your showing today!

Multi-Family Active

Price

^$ 465,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,418

Style

3-Three Story

Lot Size

0.06

Year Built

1900

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4021406

Features

Interior

Interior Amenities Indoor Pool

Basement Unfinished

Unit 1 Baths Total 1.0

Unit 1 Beds Total 2

Unit 2 Baths Total 2.0

Unit 2 Beds Total 3

Fuel Type Gas-Natural

Half Baths 0

Total Bedrooms 5

General

Sewer Public Available

Heating Baseboard - Hotwater

Cooling Window A/C(s)

Utilities Electric Gas-Natural

Possession 60-90

Roof Asphalt Shingle

Architectural Style 3-Three Story

Year Built 1900

Garage None

Township Paterson City

Tax Year 2025

Gross Income 999

County Passaic

Net Operating Income 9999

Operating Expense 999

Total Rooms 10

Full Baths 3

Status Active

Directions I-80 to Exit 58 (Market St/Paterson) continue to McLean Blvd (NJ-20) then turn onto River St to #550.

Open Parking Spaces 1

Number Of Units Total 2

Tax Annual Amount 6418

Drive On-Street Parking

Standard Status Active

Tax Assessed Value 338500

Town # 2508

Tax Lot 14

Exterior

Water Source Public Water

Exterior Description Vinyl Siding

Building Area Total 14961

Lot Dimensions 25X100

Lot Size Acres 0.06

* Excluded Features

List By

PAMELA IPARRAGUIRRE

Listing Agent

3Sixty Realty Llc

Broker

pamela@realtyxpressgroup.com

Affordability Calculator

$3,398

Per Month

Monthly Principal & Interest: $2,863
Monthly Property Taxes: $535
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Paterson, NJ

Average List Price ^$662,398

Percent of Sale Price 42%

About Paterson, NJ

148,635 Population

0% Since 2002

^$36,191 Median Income

34.64 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/18/2026	$465,000		Listed Price

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550 River St, Paterson, NJ, 07524 is a Multi-Family Home for sale at $465,000 with 14,961 sqft and a lot size of 0.06. 550 River St has 5 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 07524 which is in Paterson, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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550 River St

Multi-Family Home for sale in Paterson, NJ

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