15 N 3Rd St, Paterson, NJ, 07522
About This Home
GREAT INVESTMENT OPPORTUNITY FOR BOTH USER AND INVESTOR. PRICE IMPROVEMENT - NOW $549,000! Exceptional opportunity for Both owner-occupants and investors to own this beautifully renovated income-producing multi-family property. Featuring two spacious units plus a 3rd-floor ADU with 2 bedrooms, kitchen, and bath, this property offers outstanding rental income potential and flexible living arrangements. The first-floor unit features elegant Spanish porcelain flooring, a large living room, a brand-new eat-in kitchen with custom quartz countertops, two generously sized bedrooms, and a fully renovated bath. The expansive second unit spans the second and third floors and showcases premium Italian wood-look porcelain flooring, a spacious living room, a new kitchen with quartz countertops, five bedrooms, and 1.5 baths. Additional improvements include separate and updated utilities, upgraded electrical panels, newer backyard stairs, a private backyard, and a full unfinished basement offering additional storage and future possibilities. Conveniently located near public transportation, schools, parks, shopping, and restaurants. Whether you're looking to live in one unit and generate rental income from the others or add a strong cash-flowing asset to your portfolio, this turn-key property delivers exceptional value First is now vacant and 2nd floor tenant will vacate at closing. LEAD FREE CRETIFICATION AND UST OIL TANK SCAN DOCUMENTS AVAILABLE .Showing all units Tues Evening 8/18/26
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt Shingle
- Construction materials: Aluminum Siding
Notable Dates
- Major remodel year: 2022
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,Refrigerator,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Unfinished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 2.1
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Bedrooms,Dining Room,Eat-in Kitchen,Eat-In Kitchen
- Flooring: Vinyl-Linoleum Floors
Heating
- Heating features: 2 Units,Baseboard - Hotwater,Natural Gas
Interior Area
- Total structure area: 19,998
- Total interior livable area: 19,998 sqft
Property
Details
- Parcel number: 2508003040000000120000
- Exclusions: Tenant Personal Belongings
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Open Porch(es)
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 25 x 100
Parking
- Parking features: None,On Street,On-Street Parking
- Has uncovered spaces: Yes
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
- Cold Wave
- Heat Wave
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 | $2,204 | $26,453 |
| Total | $6,278 | $75,336 |
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 |
|---|---|---|
| 2026-07-21 | Price change | $549,000 |
| 2026-05-30 | Listed for sale | $594,500 |
| 2023-05-25 | Sold | $365,000 |
| 2023-04-12 | Pending sale | $359,000 |
| 2023-03-28 | Listed for sale | $359,000 |
| 2022-12-20 | Pending sale | $359,000 |
| 2022-11-07 | Listed for sale | $359,000 |
| 2022-11-06 | Listing removed | -- |
| 2022-07-06 | Listed for sale | $380,000 |
| 2021-11-14 | Listing removed | -- |
| 2021-09-14 | Listed for sale | $379,000 |
| 2018-07-02 | Sold | $220,000 |
| 2018-03-09 | Listing removed | $179,000 |
| 2018-02-12 | Listed for sale | $179,000 |
| 2017-09-18 | Sold | $85,050 |
| 2017-07-06 | Listed for sale | $47,900 |
| 2017-05-09 | Listing removed | $65,000 |
| 2016-10-07 | Listed for sale | $65,000 |
| 2005-06-17 | Sold | $269,000 |
| 2004-10-12 | Sold | $146,000 |
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