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$780,000 -$13,000 (-1.64%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 4 days ago
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This Was A Mixed-Use Property With A Laundromat Business Operating On The First Floor, But The Prior Owner Removed All The Equipment. All Gas, Electric, Water, Security System and Drainage Connections Were Installed Back With Capacity To 20 Washers and 20 Dryers, New Central Ac/Heat Installed Also On This Floor. The Building Also Features 2 Nicely Recent Renovated Apartments On The Second and Third Floors. (See Details in Unit Information Section). The Driveway, Siding, and The Roof Are Completely New. "You Have To See For Yourself To Appreciate So Many Improvements Recently Done". Due To First Floor Vacancy Status The Prior Buyers Were Not Able To Secure A Mortgage. Therefore, The Seller Is Only Accepting Cash With Proof Of Funds Or Conventional Offers "Might Do It With A Least 50%Down Payment With A Preaproval Letter"Please Ask Your Lending Company Before Moving Forward. "Better Safe Than Sorry""This Represents An Outstanding Opportunity For An Atractive Investment With Significant Growth Potential."

Full Property Details for 116 Belmont Ave

General

  • Price: $780,000
  • Taxes: $14,291 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3969680
  • Updated: 6/26/2026
  • Added to Site: 380 day(s) ago

Interior

  • Number of Rooms: 16
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector

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: FROM WEST BROADWAY OR FROM HALEDON AVE TO NORTH 7TH TO BELMONT.

Heating & Cooling

  • Cooling Type: Central Air Conditioning, 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.: Brick, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt Shingles
  • Year Built: 1950

Unit Information

Unit 1

  • Unit Description: See Remarks
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Pantry, Utility Room
  • Square Feet: 9999
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 5

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living/Dining Room
  • Square Feet: 9999
  • 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
  • Block: 422
  • Lot Number: 8

Listed by Promise Land Realty

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Listing agent

— 116 Belmont Ave —

  • Promise Land Realty

973-253-7330

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 Belmont Ave

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 116 Belmont Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Price Reduced
$780,000
-1.64%
MLS
5/17/2026
Price Increased
$793,000
1.28%
MLS
3/07/2026
Price Reduced
$783,000
-0.25%
MLS
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
Get Price Alerts and Save Property
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 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 for 116 Belmont Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Promise Land Realty

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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 $780,000 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.

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