Great opportunity to own a 4-unit multifamily property with strong income potential! This building features a total of 8 bedrooms and 4 full bathrooms, offering spacious layouts across all four units. Ideal for investors or owner-occupants looking to add value and build long-term cash flow. The property needs some work, making it a perfect value-add opportunity for buyers ready to renovate and increase rents or equity. Solid footprint, multiple units, and strong upside in a growing rental market. Whether you're expanding your portfolio or looking for your first multifamily investment, this property offers the space, structure, and potential to become a great income-producing asset. Bring your vision and unlock the possibilities! Also, The property next to this 25 Ward St a 2 family is also being sold. GSMLS# 4011752 NJMLS# 26005443. This presents a unique opportunity to acquire both parcels and maximize potential for expansion, investment, or future development.
Active
Price cut: $50K (3/17)
$625,000
23 Ward St, Paterson City, NJ 07501
8beds
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$645,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 54 days |
- 619 |
- 20 |
Zillow last checked: April 03, 2026 at 11:55pm
Listing updated: March 17, 2026 at 01:53am
Listed by:
Tina M. Henderson 973-255-0059,
Real
Source: GSMLS,MLS#: 4008933
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard - Hotwater, Natural Gas
Appliances
- Included: Range/Oven - Gas, Refrigerator
Features
- Bedrooms, Kitchen, Living Room
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None, On Street
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 33 x 100
Details
- Parcel number: 2508047050000000190000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $254,500
- Annual tax amount: $12,966
- Date on market: 2/9/2026
- Total actual rent: 5225
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
$645,600
$613,000 - $678,000
$2,222/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Price change | $625,000-7.4% |
Source: | ||
| 2/9/2026 | Listed for sale | $675,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,967 +3.9% | $254,500 |
| 2024 | $12,478 +1.8% | $254,500 |
| 2023 | $12,259 +9.2% | $254,500 +1.5% |
| 2022 | $11,221 | $250,700 |
| 2021 | $11,221 +10.7% | $250,700 |
| 2020 | $10,132 +3.5% | $250,700 +2.3% |
| 2019 | $9,790 +4.8% | $245,100 +8.3% |
| 2018 | $9,343 -9.2% | $226,300 +0.8% |
| 2017 | $10,292 +5.6% | $224,600 -5.3% |
| 2016 | $9,744 -4% | $237,200 |
| 2015 | $10,150 +5.7% | $237,200 -32.2% |
| 2014 | $9,604 +9.1% | $350,000 |
| 2012 | $8,803 -1.8% | $350,000 |
| 2011 | $8,965 +10.1% | $350,000 -17% |
| 2010 | $8,143 | $421,700 |
| 2009 | -- | $421,700 |
| 2008 | -- | $421,700 |
| 2007 | -- | $421,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,237/mo
Principal & interest
$3050
Property taxes
$1187
More affordability tools
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 5/10School 2Grades: K-8Distance: 0.1 mi
- 1/10Newcomers High SchoolGrades: 9-12Distance: 0.3 mi






