69 N 3Rd St, Paterson, NJ, 07522
About This Home
Excellent 3-family investment opportunity in Paterson! Whether you're a seasoned investor looking to expand your portfolio or a first-time home buyer ready to become a landlord, this property offers a compelling combination of space and income potential. Featuring a total of 7 bedrooms and 3 full bathrooms across three separate units, the property currently generates over $5,800 in monthly rental income over $70,000 annually in gross rents. With separate utilities, the property is designed for more efficient management and reduced owner-paid expenses. Investors can take advantage of strong existing rental income, while owner-occupants may have the opportunity to live in one unit and use rental income from the others to help offset their monthly mortgage payment. This is a great opportunity to own a true income-producing multi-family property and start building long-term wealth through real estate. Don't miss your chance to add this 3-family property to your portfolio or make your first move into real estate investing!
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1939
Materials
- Roof: Asphalt Shingle
- Construction materials: Composition Shingle
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,Refrigerator,Range/Oven - Electric,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Partial,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- See Remarks,Bedrooms,Eat-in Kitchen,Living Room,Master Bedroom,Family Room,Kitchen
- Flooring: Vinyl-Linoleum Floors
Heating
- Heating features: 2 Units,Baseboard - Electric,Baseboard - Hotwater,Radiators - Hot Water,Natural Gas
Interior Area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Details
- Parcel number: 2508004110000000030000
- Exclusions: Tenants personal belongings
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Open Porch(es)
Lot
- Features: Level
- Lot size dimensions: REVOCATION DEED
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 | $3,433 | $41,196 |
| Home Insurance * | $328 | $3,936 |
| Property Taxes | $1,278 | $15,336 |
| Electricity | $352 | $4,233 |
| Total | $5,391 | $64,692 |
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 |
|---|---|---|
| 2026-07-14 | Listed for sale | $679,000 |
View on Zillow