106-108 N 8th St, Paterson City, NJ 07522-3120
- $1,090,000
- $1,090,000
Overview
- Apartment Complex, Commercial Sale
- 6
- 4008 Sqft
Description
Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.
Address
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Address: 106-108 N 8th St, Paterson City, NJ 07522-3120
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City: Paterson City
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State/county: NJ
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Zip/Postal Code: 07522-3120
Details
Updated on August 3, 2026 at 9:27 pm-
Property ID HZ4016392
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Price $1,090,000
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Property Size 4008 Sqft
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Land Area 0.17 Acres
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Garages 6
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Year Built 1954
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Property Type Apartment Complex, Commercial Sale
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Property Status Active
Additional details
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Roof Asphalt Shingle, See Remarks
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Utilities Electric, Gas-Natural
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Sewer Public Sewer
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Cooling Window A/C(s)
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Heating Baseboard - Electric
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County Passaic
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Property Type Commercial Sale
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