No photo available
$999,999 Just Listed
Property Description
xcellent investment opportunity with current 8% cap that can easily be brought up to 11%. There is a current property management company in place if you wish to continue with them. The property consists of 2 buildings: one with 2 two bedroom units, totally renovated 6 years with central air. The second building consists of 3 three bedroom units. 2 units renovated 6 years ago and the first floor 3 bedroom unit was totally renovated last year with central air added. There is a coin laundry for the residents and an extra parking lot for additional income. All long term tenants.
Full Property Details
Full Property Details for 84-88 Jefferson St #5
General
- Price: $999,999
- Taxes: $21,377 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4030472
- Updated: 5/27/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 29
- Interior Features: Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 15
Exterior
- Exterior Features: Metal Fence, Sidewalk
- Color: Grey
Location
- County: Passaic
- Driving Directions: On the corner of Jefferson and 2nd St
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window A/C(s)
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Cable TV
Structural Information
- Architectural Style: See Remarks
- Exterior Const.: Stone, Vinyl Siding
- Basement: Yes
- Basement Desc.: Bilco-Style Door
- Roof: Asphalt Shingles
- Year Built: 1920
- Remodeled/Updated: 2018
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living/Dining Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 39 x 121
- Driveway/Sidewalk: Blacktop, Parking Lot-Exclusive
- Lot Description: Corner, Irregular Lot
Financial Considerations
- Expenses: Heat, Insurance, Maintenance, Taxes
- Operating Expenses: $39,479
- Assessment Amount: $552,800
- Land Assmt: $210,900
- Tax Amount: $21,377
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 206
- Lot Number: 9
Listed by Keller Williams City Views Realty
Get Pre-Approved Today
Price & Sales History for 84-88 Jefferson St #5
Date
Details
Price
Change
Source
5/27/2026
Listed
$999,999
—
MLS
Disclaimer: Historical sales 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 84-88 Jefferson St #5
84-88 Jefferson St #5, Paterson, NJ 07522 (MLS# 4030472) is a Multi-Family property with 4 units containing 15 bedrooms and 6 full bathrooms. 84-88 Jefferson St #5 is currently listed for $999,999 and was received on May 27, 2026. Want to learn more about 84-88 Jefferson St #5? 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.
