163 Fair St #3, Paterson City, NJ, 07501
About This Home
Welcome to 163 Fair St, Paterson, NJ, a meticulously maintained three-family home with a finished basement that presents an exceptional investment opportunity or an ideal owner-occupant scenario. The building features a first-floor 3-bedroom unit, a second-floor 3-bedroom unit, and a third-floor 4-bedroom unit that are all tenant-occupied, providing a steady source of income. Separately metered gas and electric utilities for each unit ensure low overhead expenses for the landlord. This property is Conveniently located near shops, restaurants, schools, parks, and easy access to public transportation. Whether you're looking to owner-occupy while generating rental income or expand your investment portfolio, this property is a fantastic opportunity.
Getting Around
Walker's Paradise
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Under Construction
- New construction: Yes
- Year built: 2015
Materials
- Roof: Asphalt Shingle
- Construction materials: Stucco,Wood Shingle
Notable Dates
- Major remodel year: 2015
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Features
- Bedrooms,Kitchen,Living Room,Eat-In Kitchen
Heating & Cooling
- Heating features: 3 Units,Natural Gas
- Cooling features: 3 Units
Interior Area
- Total structure area: 2,550
- Total interior livable area: 2,550 sqft
Property
Details
- Parcel number: 2508036120000000160000
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Open Porch(es),Patio
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 28 x 100
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
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Inland Flooding
- Lightning
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 | $4,550 | $54,600 |
| Home Insurance * | $485 | $5,820 |
| Property Taxes | $1,694 | $20,328 |
| Electricity | $281 | $3,373 |
| Total | $7,010 | $84,120 |
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 |
|---|---|---|
| 2026-08-16 | Price change | $874,999 |
| 2026-06-20 | Listed for sale | $899,999 |
New Construction
View on Zillow