$999,500 $5,366 est/mo Sourced by Back At You
165 Godwin Ave,Paterson City, NJ 07501
Paterson City, NJ 07501
Description
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.
Details
| MLS # | 4043571 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 77 |
| Listing Provided By | COLDWELL BANKER REALTY | MAIKOL PUEBLA |
Features
| Bath(s) | 4 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 17882 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07501 |
| Area | Passaic |
| Listing VS Median (in 07501) | |
Price: $999,500 low | high Med: $256,950 On site: 77 low | high Med: 65.5 | |
Market Activity 07501
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07501 |
| Area | Passaic |
| Listing VS Median (in 07501) | |
Price: $999,500 low | high Med: $256,950 On site: 77 low | high Med: 65.5 | |
Nearby Listings (Within 1/4 mile)
Price: $749K - $1.249M
sqft: 0 - 0
Listing Updated: October 7, 2026 at 12:25:25 PM PDT