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$785,000
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Property Description
This Is A Mixed-Use Property. There Was A Laundrymat Operating On The First Floor, But The Machines Were Removed. Everything Is Now Ready To Hook Up 20 Washers and 20 Dryers. New Central Ac/Heat Installed. This Is An Opportunity For Someone Who Would Like To Start A Lucrative Business. Also Features 2 Nicely Kept Apartments On The Second and Third Floors. (See Details in Unit Information Section). The Driveway, The Siding, and The Roof Are New. You Have To See To Appreciate So Many Improvements Recently Done. Take Advantage Of This Huge Price Reduction...!!! Due To First Floor Vacancy, Mortgage Companies Are Asking At Least 30% Down Payment. Therefore, The Seller Is Only Accepting Cash Or Conventional Offers With 30%Down Payment.
Full Property Details
Full Property Details for 116 Belmont Ave
General
- Price: $785,000
- Taxes: $14,291 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3969680
- Updated: 2/9/2026
- Added to Site: 248 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 9
Exterior
- Exterior Features: Metal Fence, Wood Fence
Parking
- Garage Description: None
Location
- County: Passaic
- Driving Directions: You can use the GSMLS link on this listing.
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 3 Units, Radiators - Hot Water
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles
- Year Built: 1970
Unit Information
Unit 1
- Unit Description: See Remarks
- Square Feet: 999
- Levels/Stories: 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Bedrooms, Kitchen, Living Room
- Square Feet: 999
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 5
Unit 3
- Unit Description: Bedrooms, Kitchen, Living Room
- Square Feet: 999
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.1
- Lot Dimensions: 45 x 100
- Driveway/Sidewalk: Blacktop
- Lot Description: Level Lot
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $213,000
- Land Assmt: $67,500
- Tax Amount: $14,291
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Tenants' properties
- Disclosures: Yes
- Block: 422
- Lot Number: 8
Listed by Promise Land Realty
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Schools
Schools serving 116 Belmont Ave
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Belmont Ave
Date
Details
Price
Change
Source
2/09/2026
Price Reduced
$785,000
-1.86%
MLS
11/17/2025
Price Reduced
$799,890
—
MLS
11/01/2025
Price Reduced
$799,900
-3.63%
MLS
9/20/2025
Price Reduced
$830,000
-5.14%
MLS
7/17/2025
Price Reduced
$875,000
-2.67%
MLS
6/16/2025
Listed
$899,000
63.45%
MLS
4/24/2024
Sold
$550,000
—
Public Record
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 116 Belmont Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,291
4%
$280,500
—
2023
$13,753
6%
$280,500
—
2022
$13,021
4%
$280,500
—
2021
$12,555
12%
$280,500
4%
2019
$11,162
6%
$270,000
11%
2018
$10,499
10%
$242,700
5%
2017
$9,585
-4%
$230,400
—
2016
$9,997
6%
$230,400
—
2015
$9,465
31%
$230,400
-13%
2013
$7,236
—
$263,700
—
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 116 Belmont Ave
116 Belmont Ave, Paterson, NJ 07522 (MLS# 3969680) is a Multi-Family property with 3 units containing 9 bedrooms, 3 full bathrooms and 1 partial bathroom. 116 Belmont Ave is currently listed for $785,000 and was received on June 16, 2025. Want to learn more about 116 Belmont Ave? Do you have questions about finding other Multi-Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

