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204 Governor St

Paterson City, NJ 07501
  • $789,000
  • STATUS: Active
  • ON SITE: 104 Days
  • MLS #: 3979344
UPDATED: 64 min ago
$789,000
  • 12
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

This property presents a superior investment opportunity with three spacious apartment units, each comprising four bedrooms and equipped with separate utility meters. Tenants are responsible for gas, electricity, heat, and hot water, reducing operating costs for the owner. Two of the three units underwent full renovations in 2024, significantly increasing the property's desirability. The large backyard offers valuable outdoor space, making this asset attractive to both seasoned investors and tenants seeking high-quality rental housing.

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-16T23:48:22.543.
www.baerhomes.com/homes/166586281
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204 Governor St Paterson City, NJ 07501

  • Price: $789,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 64 min ago
  • MLS #: 3979344
12
Beds
3
Baths
0
½ Baths
N/A
Acres
1980
Built
County:
Passaic
Area:
Paterson City
Property Description
This property presents a superior investment opportunity with three spacious apartment units, each comprising four bedrooms and equipped with separate utility meters. Tenants are responsible for gas, electricity, heat, and hot water, reducing operating costs for the owner. Two of the three units underwent full renovations in 2024, significantly increasing the property's desirability. The large backyard offers valuable outdoor space, making this asset attractive to both seasoned investors and tenants seeking high-quality rental housing.
Exterior Features

Approximate Lot Size 3 FAM REVERTED FROM Exterior Description Vinyl Siding Exterior Features Patio Garage Description On-Street Parking Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished-Partially Cooling Window A/C(s) Heating Forced Hot Air Interior Features Carbon Monoxide DetectorFire Alarm SysFire ExtinguisherSmoke Detector Total Number Of Rooms 18 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit1 Rooms 6 Unit1 Security Deposit 2900 Unit1 Sq Ft 980 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 4 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 980 Unit3 Baths 1.0 Unit3 Bedrooms 4 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit3 Rooms 6 Unit3 Sq Ft 980

Property Features

Assessment Total 351100 Building Assessment 327900 Easement No Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 90276 Home Warranty No Land Assessment 23200 Net Operating Income 88776 Sewer Public Sewer Tax Amount 12000 Tax Rate Amount 5.095 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 1500 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2900 Unit2 Handicap Modified No Unit2 Lease Expiration 2025-12-31 Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2500 Unit2 Security Deposit 2500 Unit3 Handicap Modified No Unit3 Lease Expiration 2026-03-31 Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2370 Unit3 Security Deposit 2370 Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-530-4056.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-16T23:48:22.543.
 
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