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  • Property Type
  • Residential Income
  • 12
  • Bedrooms
  • 4
  • Bathrooms
  • 4560
  • Area Size
Active

165 Godwin Ave , Paterson City, New Jersey 07501-1602

  • $999,500

Description

Don’t miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.

Address

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  • City: Paterson City
  • State/county: NJ

Details

Updated on September 4, 2026 at 1:19 pm
  • Property ID HZ4043571
  • Price $999,500
  • Property Size 4560
  • Bedrooms 12
  • Bathrooms 4
  • Property Type Residential Income
  • Property Status Active

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Queens Realty New Jersey

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