$7,719 Closing Credit¹
#25004429, Kimberly Barreto, Listing Office: Addison Real Estate
$650,000 List price
107 Jersey St Paterson City, NJ 07501
$7,719
Closing credit¹
6 beds
2 full, 1 partial
0.02 acres
Multi-Family
Property details
About 107 Jersey St
Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lotproperty offers three separate units, making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rentalincome. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income and attractinglong-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. This high-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Just offRoute 80 with Route 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for professionalsseeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don'tmiss out schedule your showing today! Ground level can only be commercial*
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.02 Acres
Year built1940
ParkingOff-Street Parking
MLS #3948947
Summary
- MLS Number: 3948947
- Office Name: ADDISON REAL ESTATE
- Office Phone: (862) 251-4915
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Last updated on: 3/13/2025, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
107 Jersey St
$7,719
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
5
School 5
Public District KG-5
0.7 mi
•430 Totowa Ave
3
School 15
Public District PK-5
0.7 mi
•98 Oak St
3
Philip's Academy Charter School of Paterson
Public Charter KG-4
0.7 mi
•47 State St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,800. Residents of Paterson City, NJ typically earn less than $<35k each year. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
72%
<35k
22%
35k-100k
4%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
28%
Single, No Kids
26%
Single, with Kids
16%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
H&M
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
Boston Market
What do the neighbors drive?
Nissan
Dodge
Honda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 107 Jersey St in Paterson City, NJ and zip code 07501 in the Downtown Paterson neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $650,000.
The inventory of homes for sale in Paterson City, NJ between January and February 2025 increased by 27.9%. In February 2025, listings were on the market for 77 days. During the same period, the median list price in this real estate market was $475,000.
From Rocket Homes Real Estate and based on county public records data.