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54 North 3rd Street, Paterson, NJ, 07522

9beds
4baths
0sqft
$650,000
--price/sqft
$5,017/moest. monthly cost
$200,680/yrincome needed

About This Home

Recently Renovated "Four Family Home" Fully Rented - Residentially Located - Features Hardwood Floors, Central Air & much more - Low Property Taxes

Getting Around

80
WalkingVery Walkable
56
TransitGood Transit
25
BikeSomewhat Bikeable

Schools

1/10
Newcomers High SchoolGrades 9-120.6 mi

Construction

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Gas Water Heater

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Bedrooms,Kitchen,Living Room
  • Window features: Blinds
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 4+ Units,Natural Gas
  • Cooling features: See Remarks

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 2508004100000000150000

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Exterior features: Sidewalk

Lot

  • Lot size: 4,791 sqft
  • Features: Level
  • Lot size dimensions: 50 x 95

Parking

  • Parking features: See Remarks

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
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather
Cold Wave
Heat Wave

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $3,286$39,432
Home Insurance *$314$3,768
Property Taxes $1,224$14,688
Electricity $193$2,318
Total$5,017$60,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$172,011/yr
40% on housing$150,510/yr
45% on housing$133,786/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07522$293
Passaic County$341

vs Homes Sold Last Month

Median $/sqft

ZIP 07522$288
Passaic County$345

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

DateEventPrice
2026-04-15Price change$650,000
2026-04-02Price change$675,000
2026-02-05Listed for sale$700,000

For Sale by Agent

AgentJoaquim Ferreira
BrokerageCornerstone Realty Associates

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