427 Summer St
Paterson City, NJ 07501
Price: $599,999
GSMLS: 4009959Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 9
Baths: 5 Full
Garage: No
Year Built: 1930
Acres: 0.06
Property Tax: $8,050
Description
Welcome to 427 Summer Street in the heart of Paterson ? a rare and exceptional investment opportunity! This expansive 9-bedroom, 5-bath multi-family property offers generous living space, strong income potential, and incredible versatility for investors or owner-occupants alike.Each unit features well-proportioned bedrooms, ample natural light, and functional layouts designed for comfortable living. With five full bathrooms, the property easily accommodates large households while providing convenience and privacy for tenants. The sizable interior offers flexibility for rental optimization or multi-generational living.Situated on Summer Street, this property benefits from close proximity to major highways, public transportation, shopping, schools, and local parks. Its prime location in Paterson ensures consistent rental demand and long-term growth potential.Whether you're looking to expand your portfolio or secure a high-capacity income-producing property, 427 Summer Street presents a compelling opportunity with substantial upside.Schedule your private showing today and explore the possibilities this impressive multi-family home has to offer!
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
See Remarks, Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Off-Street Parking, See Remarks
Spaces Available:
n/a
Unit 1
Bedrooms:
5
Bathrooms:
3
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Kitchen, Laundry Room, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,FireAlrm,KitExhFn,Microwav,Refrig,Sat/Ant,SecurSys,SeeRem
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Laundry Room, Living Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,FireAlrm,KitExhFn,Microwav,Refrig,Sat/Ant,SecurSys,SeeRem
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
See Remarks, Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural, See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$599,999
Tax Amount:
$8,050
Land Assessment:
$20,800
Build. Assessment:
$137,200
Total Assessment:
$158,000
Tax Rate:
5.10
Tax Year:
2024
Listing Information
MLS ID:
4009959
List Date:
02-16-2026
Days On Market:
1
Listing Broker:
REALTY OF AMERICA
Listing Agent:
Bryant Ralph Cuadros
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
