131 N 3rd St, Unit 3

Paterson, NJ 07522

$650,000
Price
7
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a house view with a outdoor space

Description

Excellent opportunity! This fully renovated 3-family home, minutes away from the iconic Great Falls, is a true income-generating powerhouse. luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll. The first-floor unit offers 1 bed, 1 bath, The second-floor unit features 2 beds, 1 bath, and the third-floor boasts 4 beds, 1 bath, commanding close to $7,000.00/month. Live in one unit and let the others pay your mortgage, or rent all...Excellent opportunity! This fully renovated 3-family home, minutes away from the iconic Great Falls, is a true income-generating powerhouse. luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll. The first-floor unit offers 1 bed, 1 bath, The second-floor unit features 2 beds, 1 bath, and the third-floor boasts 4 beds, 1 bath, commanding close to $7,000.00/month. Live in one unit and let the others pay your mortgage, or rent all three and watch your cash flow soar! This is your chance to own a prime, renovated property that's built for profit. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage. This property also has a driveway and 1 car garage.
  1. Listed by CARLOS GOYBURU • GOYBURU REALTY, LLC

Property Details for 131 North 3rd Street, Unit 3

Directions
Between N 2nd & N 3rd
Days On Market
91
LISTING UPDATED: 10/29/2025 04:20 PM

Property Details for 131 North 3rd Street, Unit 3

StatusActive
MLS #3978412
Days on Market153
Taxes$560 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1978
Lot Size0.08 AC / 3,484 SF
CountyPassaic County

Location

Listing Courtesy of GOYBURU REALTY, LLC, CARLOS GOYBURU
Add your commute

Building Information for 131 North 3rd Street, Unit 3

Stories-Residences3Year Built1978Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$3,259 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,212

Property Taxes

$47

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 131 North 3rd Street, Unit 3

Summary
Location and General Information
  • Address Included: Y
  • Building #: 1
  • Active Days on Market: 91
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 505
  • Listing Type: Exclusive Right to Sell
  • Town #: 2508.0
  • Unit #: 3
  • Street # Display: 131.0
  • # Parking Spaces: 0
  • County Or Parish: Passaic
  • Street Name: N 3Rd St
  • Zip Code: 07522-2364
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $560
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 11000.0
  • Tax ID For Property: 2508-00505-0000-00023-0000-
  • Tax Rate Amount: $5
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width, See Remarks
Property
Lot Information
  • Lot Identifier: 23
  • Approximate Lot Size: 34X100
  • Total Acres: 0.08
  • Construction Date/Year Built: 1978
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 11000.0
  • Assessment Land: 0.0
Utilities
  • Cooling: Wall A/C Unit(s)
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: 3 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: No
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2000.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 2000.0
  • Unit 1 Sq Ft: 650.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1050.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1050.0
  • Unit 2 Sq Ft: 850.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 4
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 3208.0
  • Unit 3 Room Description: Attic, Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 3208.0
  • Unit 3 Sq Ft: 1250.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $5,000.00
  • Net Operating Income: $70,096.00
  • Gross Operating Income: $75,096.00

Property History for 131 North 3rd Street, Unit 3

DateEvent & SourcePriceAppreciation
Jul 30, 2025

Listed (Active)

GSMLS #3978412

$650,000—
DateEvent & SourcePrice
07/30/2025

Listed (Active)

GSMLS #3978412

$650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 131 North 3rd Street, Unit 3

Taxable ValueLand$17,300Additions$82,600Total$99,900
Tax Record2024$5,090 ($424 / month)
Home Facts
Beds4Total Finished SqFt1,160 SqFtAbove Grade Finished SqFt1,160 SqFtLot Size130,680 SqFtStyleCondominiumYear Built1935CountyPASSAICAPN08 00505-0000-00023-0000-C003

Schools near 131 North 3rd Street, Unit 3

This home is within Paterson Public School District.
Rating
School
Type
Grades
Distance
Dale Avenue Elementary School
Public - PK to 2
Edward W. Kilpatrick Elementary School
Public - PK to 3
School 15
Public - PK to 5
Rev. Dr. Frank Napier Jr. School
Public - 1 to 8
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 15
PublicPK to 5

Rev. Dr. Frank Napier Jr. School
Public1 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 131 North 3rd Street, Unit 3, Paterson, NJ 07522

131 North 3rd Street, Unit 3 is a multi-family home for sale in Paterson, NJ 07522. This property was listed for sale on July 30, 2025 by GOYBURU REALTY, LLC, it's currently listed at $650,000. This listing's school district is Paterson Public School District. Nearby schools include Dale Avenue Elementary School, Edward W. Kilpatrick Elementary School and School 15. 131 North 3rd Street, Unit 3 is a 7-bed, 3-bath, multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GOYBURU REALTY, LLC, CARLOS GOYBURU

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/30/2025 09:43 PM. Source: New Jersey Multiple Listing Service, Inc. © 2025 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/30/2025 09:43 PM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.