63 Pearl St
Paterson, NJ, 07501 $ 509,000
Bedrooms7 Baths3.0 Monthly Estimate*
$ 3,134
for $509,000 with 7 bedrooms and 3 full baths. This home was built in 1960 on a lot size of 0.06.
Don't miss this well-maintained 7 bedroom, 3 bathroom multifamily investment opportunity generating $5,200/month in total rent with all tenants on month-to-month leases, giving you maximum flexibility whether you're an owner-occupant or pure investor. Ideally located just blocks from the train station, bus lines, schools, shopping, and dining. Updated in 2020, this property is perfectly positioned for an owner-occupant to live in part of the home while collecting rental income from the rest, or for an investor to keep it fully leased for strong cash flow from day one. The first floor features a comfortable living room, eat-in kitchen, 4 bedrooms, and a full bath, offering generous space and functionality. The second floor includes a living room, eat-in kitchen, 3 bedrooms, and a full bath. The finished basement adds valuable bonus living space, further enhancing the property's versatility and value. Practical layouts and thoughtful updates enhance everyday living throughout. Outside, the fully fenced backyard includes a patio ideal for outdoor dining and grilling. With flexible living spaces, a finished basement, $5,200/month in existing rental income, month-to-month tenancy flexibility, and a commuter-friendly location, this is an excellent opportunity to own a versatile multifamily property in a convenient neighborhood.
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FeaturesGeneralSewer Public Sewer
Heating Baseboard - Hotwater
Cooling None
Utilities Electric Gas-Natural
Possession 30-60
Roof Asphalt Shingle
Garage Spaces 0
Architectural Style 2-Two Story
Year Built 1960
Township Paterson City
Tax Year 2025
Gross Income 0
County Passaic
Net Operating Income 0
Operating Expense 0
Total Rooms 12
Full Baths 3
Status Active
Directions Market Street to 16th Avenue to Straight Street to Pearl Street
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 8749
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 408800
Town # 2508
Tax Lot 22
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InteriorBasement Finished Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 7
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ExteriorExterior Amenities Patio
Lot Features Level Lot
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded FeaturesList ByHASSAN GEBRILListing Agent
Howard Hanna Rand RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,134
- Monthly Property Taxes
- $729
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Paterson, NJ
Average List Price $655,539
Percent of Sale Price 29%
About Paterson, NJ 148,635 Population
0% Since 2002
$ 36,191 Median Income
34.64 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $509,000 | -7.29% | Price Down |
| 4/29/2026 | $549,000 | | Listed Price |