294 Governor St Paterson, NJ $ 799,000
294 Governor St
$ 799,000
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294 Governor St

Paterson, NJ, 07501
$ 799,000
Bedrooms8 Baths4.0 Sq 3,344

Monthly Estimate*

$ 4,920

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Multi-Family Home for sale in Paterson, NJ

for $799,000 with 8 bedrooms and 4 full baths. This 3,344 square foot home was built in 1940 on a lot size of 0.13.

Investment opportunity in the heart of Paterson. This brick four-family building features four units, each offering 2 bedrooms and 1 full bathroom with an open-concept living room and kitchen layout. Each unit includes wood flooring, granite countertops, and updated cabinetry, along with pantry storage and additional closets. The property offers off-street parking on one side for up to four vehicles (or shared use), with additional space on the opposite side that may allow for future parking expansion. The building does require some updates and improvements, making it ideal for an investor or buyer looking to add value and increase returns. With the right vision and upgrades, this property has strong potential as an income-producing asset. Conveniently located near transportation, shopping, and local amenities.

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Multi-Family Active

Price

$ 799,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 15,119

Style

Fourplex

Lot Size

0.13

Year Built

1940

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4028484

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Smoke Detector
Basement Full Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 8
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General
Sewer Public Sewer
Heating 4+ Units Baseboard - Hotwater
Cooling None
Utilities Electric Gas-Natural
Possession 30
Roof Built-Up Flat
Water Heater Gas
Garage Spaces 0
Architectural Style Fourplex
Year Built 1940
Township Paterson City
Tax Year 2025
Gross Income 0
County Passaic
Net Operating Income 0
Operating Expense 0
Total Rooms 16
Full Baths 4
Status Active
Directions Straight St to Governor St
Open Parking Spaces 4
Number Of Units Total 4
Tax Annual Amount 15119
Home Warranty Y/N No
Drive 2 Car Width Blacktop Off-Street Parking On-Street Parking
Standard Status Active
Tax Assessed Value 801200
Town # 2508
Tax Lot 20
Farm Assessment No
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Exterior
Exterior Amenities Sidewalk
Lot Features Level Lot
Water Source Public Water
Exterior Description Brick Vinyl Siding
Building Area Total 3344
Lot Dimensions 100X55
Lot Size Acres 0.13
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* Excluded Features
List By
CHRISTINE CEDERQUIST

Listing Agent

Realty One Group Lifestyle Homes

Broker

cederquistrealty@gmail.com

Email

Affordability Calculator

$6,179
Per Month
80%
20%
0%
Monthly Principal & Interest
$4,920
Monthly Property Taxes
$1,260
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.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/18/2026$799,000 Listed Price

Map


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294 Governor St, Paterson, NJ, 07501 is a Multi-Family Home for sale at $799,000 with 3,344 sqft and a lot size of 0.13. 294 Governor St has 8 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 07501 which is in Paterson, NJ