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  • Price cut: $50K (3/17)
    $625,000

    23 Ward St, Paterson City, NJ 07501

    8beds
    --sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $645,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    54 days
    |
    619
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    20
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    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#: 4008933MLS Logo

    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
        DateEventPrice
        3/17/2026Price change$625,000-7.4%
        Source: GSMLS #4008933 Report a problem
        2/9/2026Listed for sale$675,000
        Source: GSMLS #4008933 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

          Getting around

          95 / 100
          Walker's Paradise
          63 / 100
          Good Transit
          49 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 07501

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