15 3rd Street Paterson, NJ $ 524,000
15 3rd Street
$ 524,000
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15 3rd Street

Paterson, NJ, 07522
$ 524,000
Bedrooms7 Baths2.1

Monthly Estimate*

$ 3,309

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Multi-Family Home for sale in Paterson, NJ

for $524,000 with 7 bedrooms and 2 full baths, 1 half bath.

PRICE IMPROVEMENT - NOW $524,000! Exceptional opportunity for owner-occupants and investors alike. Completely renovated in 2022, this turn-key multi-family property features two spacious units plus a 3rd-floor ADU with 2 bedrooms, kitchen, and bath, offering outstanding income potential and flexible living arrangements. The 1st-floor unit is now vacant, and the 2nd-floor tenant will vacate at closing, providing immediate occupancy and rental flexibility. Unit 1 offers Spanish porcelain flooring, quartz countertops, 2 bedrooms, and a renovated bath. Unit 2 spans the 2nd and 3rd floors with Italian wood-look porcelain flooring, 5 bedrooms, 1.5 baths, and an updated kitchen with quartz counters. Major improvements include new hydronic boilers, updated electrical panels, hot water heaters, separate utilities, updated rear stairs, private backyard, and full basement for storage. Lead-Free Certification and UST Oil Tank Scan documentation available. Conveniently located near schools, shopping, restaurants, parks, and public transportation. Whether you're looking to live in one unit while generating income or add a strong cash-flowing asset to your portfolio, this property delivers exceptional value at its new price. 1st floor is currently vacant and 2nd floor tenant will vacate if requested.

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Multi-Family Active

Price

$ 524,000

Bedrooms

7

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 11,519

Style

2 Family

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

26019901

Features
General
Utilities Electricity Connected Natural Gas Connected Sep Heat
Garage Spaces 0.0
Architectural Style 2 Family
Rooms None
County PASSAIC
Property Type 2-4 Family
HOA N
Total Rooms 11
Full Baths 2
Status Active - Active
City Paterson
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 11519.0
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
Half Baths 1
Laundry Features None
Total Bedrooms 7
Total Baths 3
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* Excluded Features

Affordability Calculator

$4,269
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,309
Monthly Property Taxes
$960
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$524,000 -4.55% Price Down
7/21/2026$549,000 -7.65% Price Down
5/30/2026$594,500 Listed Price

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15 3rd Street, Paterson, NJ, 07522 is a Multi-Family Home for sale at $524,000. 15 3rd Street has 7 bedrooms and 2.1 baths. The property's zip code is 07522 which is in Paterson, NJ