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123 Belmont Ave

Paterson City, NJ 07522
  • $949,000
  • STATUS: Active Under Contract
  • ON SITE: 57 Days
  • MLS #: 4002196
Under Contract
UPDATED: 236 min ago
$949,000
  • 9
    BEDS
  • 0.13
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1888
County:

School Ratings & Info

Description

Excellent Investment Opportunity! Renovated 4-family property sitting on a rare double lot, offering tremendous potential and strong income-producing value. This well-maintained building features updated units, on-site parking, and plenty of outdoor space with room for future possibilities. Ideal for investors looking to expand their portfolio or a first-time home buyer seeking to live in one unit while generating rental income from the others. A solid, turnkey property with upside potential?don?t miss this opportunity!

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Garden State MLS logo © 2026 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 Christie's International Real Estate Group. 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 Christie's International Real Estate Group 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 2026-02-14T23:48:47.08.
www.srrealestategroup.com/homes/171503243
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123 Belmont Ave Paterson City, NJ 07522

  • Price: $949,000
  • Status: Active Under Contract
  • On Site: 57 Days
  • Updated: 236 min ago
  • MLS #: 4002196
9
Beds
5
Baths
0
½ Baths
0.13
Acres
1888
Built
County:
Passaic
Area:
Paterson City
Property Description
Excellent Investment Opportunity! Renovated 4-family property sitting on a rare double lot, offering tremendous potential and strong income-producing value. This well-maintained building features updated units, on-site parking, and plenty of outdoor space with room for future possibilities. Ideal for investors looking to expand their portfolio or a first-time home buyer seeking to live in one unit while generating rental income from the others. A solid, turnkey property with upside potential?don?t miss this opportunity!
Exterior Features

Approximate Lot Size 50X115 Exterior Description Vinyl Siding Number Of Parking Spaces 7 Parking Driveway Description BlacktopDriveway-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling 4+ Units Heating 4+ UnitsBaseboard - Hotwater Total Number Of Rooms 21 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomFamily RoomKitchenLiving/Dining RoomMaster Bedroom Unit1 Rooms 3 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomFamily RoomKitchenLiving/Dining RoomMaster Bedroom Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 2.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsDining RoomFamily RoomKitchenLiving/Dining RoomMaster Bedroom Unit3 Rooms 7 Unit3 Sq Ft 0 Unit4 Appliances Equipment See Remarks Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description BedroomsDining RoomFamily RoomKitchenLiving/Dining RoomMaster Bedroom Unit4 Rooms 5 Unit4 Sq Ft 0

Property Features

Assessment Total 204100 Building Assessment 162800 Easement Unknown Fha Age Restricted No Fuel Type Electric Gross Operating Income 8275 Land Assessment 41300 Net Operating Income 6675 Renovated Year 2020 Sewer Public Sewer Tax Amount 10398 Tax Rate Amount 5.095 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 1600 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit4 Rent 0 Unit4 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Year Built Description Renovated

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 862-684-5634.


Garden State MLS logo © 2026 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 Christie's International Real Estate Group. 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 Christie's International Real Estate Group 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 2026-02-14T23:48:47.08.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901