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$799,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 4 days ago
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Investment opportunity in the heart of Paterson. This brick four-family building features four units, each offering 2 bedrooms and 1 full bathroom with an open-concept living room and kitchen layout. Each unit includes wood flooring, granite countertops, and updated cabinetry, along with pantry storage and additional closets. The property offers off-street parking on one side for up to four vehicles (or shared use), with additional space on the opposite side that may allow for future parking expansion. The building does require some updates and improvements, making it ideal for an investor or buyer looking to add value and increase returns. With the right vision and upgrades, this property has strong potential as an income-producing asset. Conveniently located near transportation, shopping, and local amenities.

Full Property Details for 294 Governor St

General

  • Price: $799,000
  • Taxes: $15,119 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4028484
  • Updated: 5/18/2026
  • Added to Site: 24 day(s) ago

Interior

  • Number of Rooms: 16
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Sidewalk
  • Color: Brick

Location

  • County: Passaic
  • Driving Directions: Straight St to Governor St

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 4+ Units, Baseboard - Hotwater
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Architectural Style: Fourplex
  • Exterior Const.: Brick, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Built-Up, Flat
  • Square Feet: 3,344
  • Year Built: 1940

Unit Information

Unit 1

  • Unit Description: Bedrooms, Living/Dining Room, Pantry, Storage
  • Square Feet: 836
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Living/Dining Room, Pantry, Storage
  • Square Feet: 836
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Living/Dining Room, Pantry, Storage
  • Square Feet: 836
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Living/Dining Room, Pantry, Storage
  • Square Feet: 836
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 100 x 55
  • Driveway/Sidewalk: 2 Car Width, Blacktop, Off-Street Parking, On-Street Parking
  • Lot Description: Level Lot

Financial Considerations

  • Expenses: Cold Water, Taxes
  • Assessment Amount: $703,800
  • Land Assmt: $97,400
  • Tax Amount: $15,119
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 3502
  • Lot Number: 20

Listed by Realty One Group Lifestyle Homes

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Listing agent

— 294 Governor St —

  • Realty One Group Lifestyle Homes

908-380-3555

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 294 Governor 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 294 Governor St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2026
Listed
$799,000
175.52%
MLS
6/18/2018
Sold
$290,000
—
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 294 Governor St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,439
10%
$283,400
—
2022
$13,155
4%
$283,400
—
2021
$12,685
16%
$283,400
12%
2018
$10,949
-4%
$253,100
-9%
2019
$11,459
10%
$277,200
10%
2017
$10,450
-9%
$251,200
-5%
2016
$11,511
6%
$265,300
—
2015
$10,899
8%
$265,300
56%
2013
$10,120
—
$170,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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

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NMLS#: 1598647

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Listed by Realty One Group Lifestyle Homes

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294 Governor St, Paterson, NJ 07501 (MLS# 4028484) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 294 Governor St is currently listed for $799,000 and was received on April 28, 2026. Want to learn more about 294 Governor 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.

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