$6,401 Closing Credit¹
#3948592, Listing Office: EXP REALTY, LLC
$525,000 List price
79 Godwin Ave Paterson City, NJ 07501
$6,234
Closing credit¹
6 beds
3 full
0.06 acres
Multi-Family
Property details
About 79 Godwin Ave
Looking for an excellent investment opportunity or a home with rental income potential? This renovated a few years back, three-family home in the heart of Paterson offers the perfect balance of convenience and functionality. Each of the three apartments offers 2 bedrooms and 1 full bathroom. Besides separate heat and electricity the home has a CCTV system. First-floor unit rented to Section 8 tenants for $1,600/month; second floor under contract to be rented to Section 8 tenants for $1,900/month, 3rd unit currently vacant and ready for your vision. The building is being sold "AS IS . Prime location near the downtown, close to all major highways, near Elementary School, Middle School, Supermarkets, shopping centers, parks, and Houses of Worship. So, whether you're looking to occupy one unit and lease the others, or add to your investment portfolio, this home offers strong income potential and versatility. Don't miss your chance to own this well-located, multi-use property. Schedule your showing today!
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.06 Acres
Year built1930
ParkingOn-Street Parking
MLS #3964019
Summary
- Full Bathrooms: 3
- Appliances: Other
- Basement: Yes
- Interior: See Remarks
- Total Bedroom Count: 6
- Parking: On-Street Parking
- Architectural Style: 2-Two Story
- Heating: Natural Gas
- Cooling: None
- List Price: $525,000
- Directions: From downtown Paterson. Take Broadway toward Fair Lawn, Left on Carroll St., then Left on Godwin Ave., house on the Right.
- Year Built: 1930
- Lot Size: 0.06 Acres
- MLS Number: 3964019
- Office Name: COREY J SCHNEIDER
- Office Phone: (973) 472-3909
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
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Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
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Last updated on: 5/22/2025, 11:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$525,000
79 Godwin Ave
$6,234
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
1
Edward W. Kilpatrick
Public District PK-3
0.2 mi
•295-315 Ellison St
3
Roberto Clemente
Public District KG-5
0.5 mi
•434 Rosa Parks Blvd
3
School 15
Public District PK-5
0.7 mi
•98 Oak 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 $33,750. The most common annual income of people living in Paterson City, NJ is less than $<35k. Residents typically live in single, with kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
51%
<35k
41%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
38%
Single, No Kids
42%
Single, with Kids
7%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
13%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
5%
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
Burlington
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
White Castle
Little Caesars
What do the neighbors drive?
Nissan
Kia
Dodge
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 79 Godwin Ave in Paterson City, NJ and zip code 07501 in the 4th Ward neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 20, 2025 and is currently priced at $525,000.
In April 2025 in Paterson City, NJ there were 20.3% more homes for sale than in March. Listings spent 80 days on the market in April 2025, and had a median list price of $489,900 during the same period.
From Rocket Homes Real Estate and based on county public records data.