148 N 7th St
Paterson City, NJ 07522
Price: $549,000
GSMLS: 4061063Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 6
Baths: 3 Full
Garage: No
Year Built: 1600
Acres: 0.06
Property Tax: $8,776
Description
Investor or house hacking opportunity at 148 N. 7th Street in Paterson! This completely vacant two-family offers potential to renovate for investment or occupy one unit and rent the other. The first floor unit features 2 bedrooms, 1 bathroom, a living room, dining room, and kitchen. The second unit spans two levels with 3 bedrooms, 1 bathroom, a living room, and kitchen. The finished basement offers bonus space with a kitchen, full bathroom, and walkout access to the backyard. Potential gross rental income of approximately $4,000/month following renovation, based on nearby advertised rents. Estimate only; not guaranteed. Buyer to independently verify rental income potential. No basement rental income is included in this estimate. The property needs cosmetic repairs and is sold strictly as-is. Buyer is responsible for obtaining the Certificate of Occupancy, required municipal inspections, and related requirements. Buyer to verify permitted uses and legal status of all finished spaces.Photo disclosure: Some photos have been digitally edited to remove personal belongings and clutter for illustrative purposes. These images may not reflect the property's current appearance or condition. Buyers should inspect the property in person.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle, See Remarks
Exterior:
Aluminum Siding, Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
See Remarks
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
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, Radiant - Hot Water
Heating Fuel:
Gas-Propane Owned
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
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:
$549,000
Tax Amount:
$8,776
Land Assessment:
$130,000
Build. Assessment:
$296,600
Total Assessment:
$426,600
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4061063
List Date:
10-25-2026
Days On Market:
1
Listing Broker:
REALTY OF AMERICA
Listing Agent:
Dondell Leonard
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
