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$549,000 Just Listed
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Property Description
Investor or house hacking opportunity at 148 N. 7th Street in Paterson! This completely vacant two-family offers potential to renovate for investment or occupy one unit and rent the other. The first floor unit features 2 bedrooms, 1 bathroom, a living room, dining room, and kitchen. The second unit spans two levels with 3 bedrooms, 1 bathroom, a living room, and kitchen. The finished basement offers bonus space with a kitchen, full bathroom, and walkout access to the backyard. Potential gross rental income of approximately $4,000/month following renovation, based on nearby advertised rents. Estimate only; not guaranteed. Buyer to independently verify rental income potential. No basement rental income is included in this estimate. The property needs cosmetic repairs and is sold strictly as-is. Buyer is responsible for obtaining the Certificate of Occupancy, required municipal inspections, and related requirements. Buyer to verify permitted uses and legal status of all finished spaces.Photo disclosure: Some photos have been digitally edited to remove personal belongings and clutter for illustrative purposes. These images may not reflect the property's current appearance or condition. Buyers should inspect the property in person.
Full Property Details
Full Property Details for 148 N 7th St
General
- Price: $549,000
- Taxes: $8,776 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4061063
- Updated: 10/25/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Parking
- Garage Description: On-Street Parking
Location
- County: Passaic
- Driving Directions: Between N 8th St and N 6t St.
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Baseboard - Hotwater, Radiant - Hot Water
- Heating Fuel: Gas-Propane Owned
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Aluminum Siding, Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt Shingles, See Remarks
- Year Built: 1600
- Remodeled/Updated: 2021
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: See Remarks
Financial Considerations
- Assessment Amount: $296,600
- Land Assmt: $130,000
- Tax Amount: $8,776
- Tax Year: 2025
Disclosures and Reports
- Block: 406
- Lot Number: 23
Listed by Realty Of America
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Price & Sales History for 148 N 7th St
Date
Details
Price
Change
Source
10/25/2026
Listed
$549,000
18.06%
MLS
4/21/2023
Sold
$465,000
—
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 148 N 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,776
—
$426,600
159%
2025
$8,776
15%
$164,500
—
2022
$7,636
11%
$164,500
—
2020
$6,868
3%
$164,500
—
2019
$6,652
-3%
$164,500
4%
2018
$6,857
5%
$158,500
1%
2017
$6,544
-9%
$157,300
-5%
2016
$7,207
8%
$166,100
3%
2019
$6,652
-3%
$160,900
-3%
2015
$6,823
-22%
$166,100
-48%
2013
$8,756
—
$319,100
—
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 148 N 7th St
148 N 7th St, Paterson, NJ 07522 (MLS# 4061063) is a Multi-Family property with 2 units containing 6 bedrooms and 3 full bathrooms. 148 N 7th St is currently listed for $549,000 and was received on October 25, 2026. Want to learn more about 148 N 7th St? 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.

