550 River St
Paterson City, NJ 07524
Price: $465,000
GSMLS: 4021406Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 5
Baths: 3 Full
Garage: No
Year Built: 1900
Acres: 0.06
Property Tax: $6,418
Description
Great opportunity for investors or first-time buyers! This two-family home offers strong potential for steady rental income.The first unit features 2 bedrooms and 1 full bath. The second unit spans two levels with 2 bedrooms, 1 bath, plus a third-floor studio-style with its own full bathroom. The basement provides additional storage and enjoy a large private backyard, perfect for outdoor relaxation or entertaining. Separate utilities and an updated furnace and water heater (2021). Conveniently located near growing redevelopment areas.Schedule your showing today!
General Info
Style:
3-Three Story
SqFt Building:
14,961
Total Rooms:
10
Basement:
Yes - Unfinished
Interior:
Indoor Pool
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
On-Street Parking
Spaces Available:
1
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Available
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$465,000
Tax Amount:
$6,418
Land Assessment:
$114,800
Build. Assessment:
$223,700
Total Assessment:
$338,500
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4021406
List Date:
04-17-2026
Days On Market:
0
Listing Broker:
3SIXTY REALTY LLC
Listing Agent:
Pamela Iparraguirre
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MountainClubNJ.com
