Great Investment Opportunity in PatersonWell-maintained 3-family property located in a desirable neighborhood. 4 bedrooms, 2 full baths, each unit, with all units fully rented, providing immediate cash flow.The property features a walk-out basement, along with a good-sized backyard. Conveniently located near schools, shopping, and parks, making it attractive to long-term tenants.A solid opportunity for investors seeking steady income in a high-demand area.
Active
$975,000
32 Elm St, Paterson City, NJ 07501
12beds
2,625sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$371/sqft
$-- HOA
What's special
- 97 days |
- 129 |
- 0 |
Zillow last checked: April 09, 2026 at 11:55pm
Listing updated: January 07, 2026 at 07:02pm
Listed by:
Salih Okdemir 973-773-4000,
Re/Max Trust Properties
Source: GSMLS,MLS#: 4003301
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- 3 Units, Baseboard - Hotwater, See Remarks, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
- Basement: Yes,Partially Finished,Partial,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,625
- Total interior livable area: 2,625 sqft
Property
Parking
- Parking features: None, On Street
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 2508047050000000110000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1910
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Price per square foot: $371/sqft
- Tax assessed value: $219,700
- Annual tax amount: $11,193
- Date on market: 1/8/2026
- Total actual rent: 29997
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/3/2026 | Listed for sale | $975,000$371/sqft |
Source:  NJMLS #26000211 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,194 +3.9% | $219,700 |
| 2024 | $10,772 +1.8% | $219,700 |
| 2023 | $10,583 +7.6% | $219,700 |
| 2022 | $9,834 | $219,700 |
| 2021 | $9,834 +10.7% | $219,700 |
| 2020 | $8,880 -3% | $219,700 +2.3% |
| 2019 | $9,154 +7.7% | $214,800 +1.5% |
| 2018 | $8,503 -9.2% | $211,600 +3.5% |
| 2017 | $9,368 +5.6% | $204,400 -5.3% |
| 2016 | $8,869 +12.4% | $215,900 |
| 2015 | $7,894 +5.7% | $215,900 -20.7% |
| 2014 | $7,469 -11.9% | $272,200 -19.3% |
| 2012 | $8,481 +18.3% | $337,200 |
| 2011 | $7,169 +10.1% | $337,200 |
| 2010 | $6,511 | $337,200 |
| 2009 | -- | $337,200 |
| 2008 | -- | $337,200 |
| 2007 | -- | $337,200 |
Find assessor info on the county website
Monthly payment
Est. payment
$6,663/mo
Principal & interest
$4811
Property taxes
$1852
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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
Local experts in 07501
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