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$1,299,000
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Property Description
Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces? a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals?schedule your acquisition tour today.
Full Property Details
Full Property Details for 106-108 N 8th St
General
- Price: $1,299,000
- Taxes: $22,636 (2025)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 4016392
- Updated: 5/24/2026
- Added to Site: 66 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 6
- Restrooms: 6
Additional Information
- Equipment: See Remarks
Exterior
- Color: Beige
Parking
- Garage Spaces: 6
- Total Spaces: 6
- Parking: 1 Car Width, Hard Surface, Off-Street Parking, On-Street Parking
Location
- County: Passaic
- Driving Directions: From W Broadway to Belmont Ave, to N 8th St. 106-108 North 8th Street, Paterson, NJ 07522, Convenient access to local roadways.
- Location Details: Residential Area, See Remarks
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Electric Baseboard
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: See Remarks, Wood
- Exterior Const.: Concrete, See Remarks, Vinyl Siding, Wood
- Basement: Yes
- Basement Desc.: Full, Storage
- Roof: Asphalt Shingles, See Remarks
- Ceiling Height: 9
- Door Dimensions: 7
- Stories in Building: 3
- Square Feet: 4,008
- Aprox. Leasable: 4,008 Sq. Ft.
- Year Built: 1954
Unit Information
- 2 Bedroom Units: 6
- Units w/Full Bath: 6
Lot Features
- Lot Size (Acres): 0.17
- Lot Size: 50 X 100
- Zoning: Multi-family
Financial Considerations
- Operating Expenses: $37,151
- Assessment Amount: $836,400
- Land Assmt: $204,800
- Tax Amount: $22,636
- Tax Year: 2025
- Pays Utilities: Other
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 2508-00415-0000-00019-0000-
- Block: 415
- Lot Number: 19
Listed by Corey J Schneider
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Schools
Schools serving 106-108 N 8th St
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 106-108 N 8th St
Date
Details
Price
Change
Source
4/20/2026
Price Reduced
$1,299,000
-1.96%
MLS
4/09/2026
Price Reduced
$1,325,000
-1.78%
MLS
3/31/2026
Price Reduced
$1,349,000
-3.57%
MLS
3/24/2026
Listed
$1,399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 106-108 N 8th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,618
4%
$424,300
—
2023
$20,803
6%
$424,300
—
2022
$19,696
4%
$424,300
—
2021
$18,992
37%
$424,300
33%
2018
$13,843
-16%
$320,000
-20%
2019
$16,536
17%
$400,000
18%
2017
$14,148
-4%
$340,100
—
2016
$14,761
6%
$340,200
—
2015
$13,975
-5%
$340,200
-33%
2014
$14,755
—
$509,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 106-108 N 8th St
106-108 N 8th St, Paterson, NJ 07522 (MLS# 4016392) is a Apartment property. 106-108 N 8th St is currently listed for $1,299,000 and was received on March 24, 2026. Want to learn more about 106-108 N 8th St? Do you have questions about finding other Apartment real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

