Welcome to this renovated legal two-family home, perfectly situated in a convenient location in Paterson. Whether you're an investor seeking strong rental potential or a buyer looking to live in one unit while renting the other, this property is a must-see!The first-floor unit offers a bright 1-bedroom layout with full bath, living room, and an eat-in kitchen. The second-floor unit features 3 bedrooms and a full bath, both units are currently occupied, providing instant rental income. But that's not all this home also boasts a fully finished basement with a separate walkout entrance and another full bath, creating flexible options for extended living, or recreation.
Active
$549,000
423 River St, Paterson City, NJ 07524
4beds
19,998sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$584,400 Zestimate®
$27/sqft
$-- HOA
What's special
Eat-in kitchenFully finished basementSecond-floor unitFirst-floor unitSeparate walkout entrance
- 7 days
- on Zillow |
- 316 |
- 20 |
Zillow last checked: 16 hours ago
Listing updated: July 28, 2025 at 01:15am
Listed by:
Desiree Garcia 973-634-8022,
Real
Source: GSMLS,MLS#: 3977806

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 1 Unit, Natural Gas
Cooling
- See Remarks
Appliances
- Included: Exhaust Fan, Range/Oven - Gas, Refrigerator, Kitchen Exhaust Fan, Microwave Oven
Features
- Bedrooms, Eat-in Kitchen, Kitchen, Living Room, Living/Dining Room
- Basement: Yes,Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 19,998
- Total interior livable area: 19,998 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car Width, Concrete Strip
- Uncovered spaces: 1
Features
- Levels: 3-Three Story
- Stories: 3
- Fencing: Wood
Lot
- Size: 2,178 Square Feet
- Dimensions: 23 x 95
- Features: Level
Details
- Parcel number: 2508029030000000090000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1940
- Major remodel year: 2022
Utilities & green energy
- Gas: Gas In Street
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Gas In Street
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
Location
- Region: Paterson
Financial & listing details
- Price per square foot: $27/sqft
- Tax assessed value: $190,100
- Annual tax amount: $9,685
- Date on market: 7/27/2025
- Total actual rent: 12599
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
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