$699,900

197 Mill St Paterson, NJ 07501

$8,311
Closing credit¹
9 beds
4 full
Multi-Family

Property details

About 197 Mill St

GREAT OPPORTUNITY to own this 4 family house. The brick exterior home is in excellent condition. All Utilities are separate. Comes with a GREEN CARD. You cannot ask for better tenants.

Highlights

Home typeMulti Family
StatusActive
MLS #25019386

Summary

  • Full Bathrooms: 4
  • Total Bedroom Count: 9
  • List Price: $699,900
  • Annual Tax Amount: $11,610
  • Tax Year: 2024
  • MLS Number: 25019386
  • Office Name: Casa Real Property Group LLC
  • Office Phone: (973) 684-1110
  • Listing Agent: Nancy Pavic

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 11:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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197 Mill St, Paterson, NJ 07501 - view of property featuring brick siding and a fenced front yard

$699,900

197 Mill St

$8,311

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Nov 28, 2017
Home Sold
$240,000

Tax history

YearAssessmentProperty Tax
2024$236,800$11,610
2022$236,800$10,992
2021$236,800$10,599
2020$236,800$9,570
2019$231,500$9,426

History based on county public records data.

Nearby schools

3

Philip's Academy Charter School of Paterson

Public Charter KG-4

0.6 mi

47 State St

3

School 15

Public District PK-5

0.6 mi

98 Oak St

1

Edward W. Kilpatrick

Public District PK-3

0.7 mi

295-315 Ellison St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $17,800. The most common annual income of people living in Paterson, NJ is less than $<35k. 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 SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market

What do the neighbors drive?

  • NissanNissan
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 197 Mill St

The listing price of 197 Mill St property is $699,900.

The property 197 Mill St is a multi located in Paterson, New Jersey, 07501.

Active Listing: 197 Mill St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 197 Mill St are: Philip's Academy Charter School of Paterson (GreatSchools Rating 3/10), School 15 (GreatSchools Rating 3/10), Edward W. Kilpatrick (GreatSchools Rating 1/10), School 3 (GreatSchools Rating 3/10), John P. Holland Charter School (GreatSchools Rating 5/10), Community Charter School of Paterson (GreatSchools Rating 4/10), International High School (GreatSchools Rating 3/10), Paterson Arts and Science Charter School (GreatSchools Rating 4/10), School of Health Science (GreatSchools Rating 1/10).

According to the records, the last property tax for 2024 is $11,610 (source: MLS/based on county public records data).

The last sale was on November 28, 2017 for $240,000 (source: MLS/tax record).

This home is located at 197 Mill St in Paterson, NJ and zip code 07501 in the Downtown Paterson neighborhood. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $699,900.

Between April and May 2025, Paterson, NJ real estate market has seen increase in the number of listings by 18.6%. While the average time on the market in May 2025 was 84 days, the median list price was $497,243.

From Rocket Homes Real Estate and based on county public records data.

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