Date
Details
Price
Change
Source
7/22/2026
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/34
$1,199,000
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Property Description
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.
Full Property Details
Full Property Details for 165 Godwin Ave
General
- Price: $1,199,000
- Taxes: $17,882 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4043571
- Updated: 7/29/2026
- Added to Site: 7 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 4
- Half Bathrooms: 4
Bedrooms
- Total Bedrooms: 12
Location
- County: Passaic
- Driving Directions: Between Rosa Parks Blvd and E16th Street
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Baseboard - Hotwater
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles
- Square Feet: 4,560
- Year Built: 1970
Unit Information
Unit 1
- Unit Description: See Remarks
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: See Remarks
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: See Remarks
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Unit Description: See Remarks
- Square Feet: 1200
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: 75 x 98 IRG.
- Driveway/Sidewalk: Blacktop, Driveway-Exclusive
Financial Considerations
- Operating Expenses: $25,400
- Assessment Amount: $691,300
- Land Assmt: $118,100
- Tax Amount: $17,882
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Personal Items
- Disclosures: Yes
- Block: 3506
- Lot Number: 39
Buyer's Brokerage Compensation: Contact Listing Agent
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Price & Sales History for 165 Godwin Ave
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165 Godwin Ave, Paterson, NJ 07501 (MLS# 4043571) is a Multi-Family property with 4 units containing 12 bedrooms, 4 full bathrooms and 4 partial bathrooms. 165 Godwin Ave is currently listed for $1,199,000 and was received on July 22, 2026. This property is listed by MP Home Collection from our Ridgewood Office.Want to learn more about 165 Godwin 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.