23 Watson St, Paterson, NJ, 07522
About This Home
Fully Renovated 2-Family Investment Opportunity !Welcome to 23 Watson St., Paterson, NJ a beautifully renovated two-family home offering spacious layouts, modern updates, and excellent income potential.Unit 1 features 4 bedrooms, 1 full bathroom, a bright living room, and an updated kitchen.Unit 2 is a spacious duplex offering 4 bedrooms, 2 full bathrooms, a living room, and an updated kitchen, providing plenty of room for comfortable living.Both units have been fully renovated, making this an ideal opportunity for both owner-occupants and investors seeking a move-in-ready property.Additional highlights include:* Fully renovated throughout* Roof replaced approximately 2 years ago* Separate, spacious living areas* Excellent investment or owner-occupied opportunity Please note: The property is located in a flood zone, and flood insurance is required.Don't miss this opportunity to own a turnkey multi-family property with strong rental potential in Paterson!
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1982
Materials
- Roof: Asphalt Shingle
- Construction materials: Aluminum Siding
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Exhaust Fan,Range/Oven - Gas,Refrigerator,Kitchen Exhaust Fan,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Kitchen,Living Room,Utility Room,Attic,Master Bedroom
- Window features: Blinds
- Flooring: Tile
- Number of fireplaces: 1
- Fireplace: Yes
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 2508001230000000090000
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Patio,Porch
- Fencing: Privacy
Lot
- Lot size: 1,742 sqft
- Features: Corner Lot
- Lot size dimensions: 25 x 75
Parking
- Parking features: On Street,None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,776 | $33,312 |
| Home Insurance * | $265 | $3,180 |
| Property Taxes | $1,033 | $12,396 |
| Electricity | $193 | $2,318 |
| Total | $4,267 | $51,204 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $549,000 |
| 2025-07-15 | Listing removed | $2,500 |
| 2025-07-10 | Listed for rent | $2,500 |
| 2024-09-09 | Sold | $300,000 |
| 2024-06-27 | Sold | $300,000 |
| 2024-02-14 | Pending sale | $385,000 |
| 2023-10-05 | Price change | $385,000 |
| 2023-03-18 | Pending sale | $339,900 |
| 2023-01-07 | Listed for sale | $339,900 |
| 2022-10-20 | Listing removed | -- |
| 2022-08-04 | Listed for sale | $350,000 |
| 2011-02-07 | Sold | $20,000 |
| 2011-01-06 | Listed for sale | $25,900 |
| 2010-10-10 | Listing removed | $29,900 |
| 2010-10-08 | Price change | $29,900 |
| 2010-09-04 | Price change | $36,000 |
| 2010-08-05 | Listed for sale | -- |
| 2007-06-21 | Sold | $385,000 |
| 2006-04-06 | Sold | $200,000 |
For Sale by Agent
View on Zillow