106-108 N 8Th St , Paterson City, New Jersey 07522-3120

  • $1,090,000

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.

  • City: Paterson City
  • State/county: NJ

Details

Updated on August 4, 2026 at 2:20 am
  • Property ID HZ4016392
  • Price $1,090,000
  • Property Size 4008
  • Property Status Active

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Queens Realty New Jersey

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