Last Sold Price
9 beds
151 Spring St, Paterson, NJ 07501

Description

"Unlock the doors to a lucrative investment opportunity with this well maintained 3-family residence, with a gorgeous finished basement with separate entrance in bustling Paterson, NJ. Strategically positioned for success, this property offers not just a great home but a solid investment vehicle in a prime location with easy access to Route 80. Discover unparalleled potential as the renovated 1st and 3rd units redefine nice comfortable living, setting a new standard for comfort and style. These units..."Unlock the doors to a lucrative investment opportunity with this well maintained 3-family residence, with a gorgeous finished basement with separate entrance in bustling Paterson, NJ. Strategically positioned for success, this property offers not just a great home but a solid investment vehicle in a prime location with easy access to Route 80. Discover unparalleled potential as the renovated 1st and 3rd units redefine nice comfortable living, setting a new standard for comfort and style. These units promise high rental yields and strong tenant appeal, ensuring a steady income stream for savvy investors. Convenience meets profitability as shopping, schools, and parks surround this promising property, attracting quality tenants seeking both comfort and accessibility. Embrace the financial rewards of multi-family ownership in an area ripe for growth and opportunity. Seize this chance to elevate your investment portfolio with a property primed for success. Schedule your showing now and take the first step towards a prosperous future in real estate."
LISTING CLOSED: 12/06/2024 12:00 AM

  1. Listed by MENACHEM KLEIN • NATIONWIDE HOMES REALTY LLC

Property Details for 151 Spring Street

Status
MLS #
3912824
Days on Market
95
Taxes
$13,610 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1925
Lot Size
0.06 AC / 2,613 SF
Style
3 Family
Directions
take 20th Ave to Spring St
Days On Market
95

Recent comparable sales

Median sold price

$750,000

Avg days on market

53

Sale-to-list ratio

105.3%

Paterson, NJ

9 comparable properties found

1

$780,000

Sold 04/17/26

9
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
2

$810,000

Sold 03/03/25

9
Bedrooms
Unavailable
Square Feet
0.17
Acres
3

$750,000

Sold 10/31/24

9
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
4

$750,000

Sold 10/31/24

9
Bedrooms
Unavailable
Square Feet
0.08
Acres
5

$686,500

Sold 07/10/25

9
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
6

$740,000

Sold 08/14/25

9
Bedrooms
Unavailable
Square Feet
0.09
Acres
7

$825,000

Sold 05/21/26

9
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
8

$915,000

Sold 03/27/26

9
Bedrooms
Unavailable
Square Feet
0.06
Acres
9

$690,000

Sold 03/19/26

8
Bedrooms
Unavailable
Square Feet
Unavailable
Acres

Location

Add your commute

Building Information for 151 Spring Street

Stories-Residences3Year Built1925Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,667 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,533

Property Taxes

$1,134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 151 Spring Street

Summary
Location and General Information
  • Active Days on Market: 95
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 6011
  • Listing Type: Exclusive Right to Sell
  • Town #: 2508.0
  • Street # Display: 151.0
  • # Parking Spaces: 0
  • County Or Parish: PASSAIC
  • Street Name: Spring St
  • Zip Code: 07501-2965
  • 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: $13,610
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 277600.0
  • Tax ID For Property: 2508-06011-0000-00008-0000-
  • Tax Rate Amount: $5
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • Garage Description: On-Street Parking
Property
Lot Information
  • Lot Identifier: 8
  • Approximate Lot Size: 24X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 1925
Property and Assessments
  • Assessment Bldg: 260300.0
  • Assessment Land: 17300.0
Utilities
  • Cooling: Wall A/C Unit(s)
  • Heating: 3 Units
  • Fuel Type: Gas-Natural
  • Sewer: Municipal
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Finished
  • # Baths: 4.0
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 2.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2600.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 9999.0
  • Unit 1 Sq Ft: 9999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • 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: 1180.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 9999.0
  • Unit 2 Sq Ft: 9999.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 2200.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 9999.0
  • Unit 3 Sq Ft: 9999.0
Income & Expenses Information
  • Total Operating Expense: $9,999.00
  • Net Operating Income: $9,999.00
  • Gross Operating Income: $9,999.00

Property History for 151 Spring Street

DateEvent & SourcePriceAppreciation
Dec 6, 2024

Sold

GSMLS #3912824

$695,000
Nov 7, 2024

Sold (Public Record)

Public Record #1550877071

$695,000

+20.2% / yr

Oct 14, 2024

Under Contract

GSMLS #3912824

DateEvent & SourcePrice
12/06/2024

Sold

GSMLS #3912824

$695,000
11/07/2024

Sold (Public Record)

Public Record #1550877071

$695,000

+20.2% / yr

10/14/2024

Under Contract

GSMLS #3912824

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

Public Records for 151 Spring Street

Taxable ValueLand$93,700Additions$573,100Total$666,800
Tax Record2025$14,810 ($1,234 / month)
Home Facts
Beds0Total Finished SqFt3,375 SqFtAbove Grade Finished SqFt3,375 SqFtStories3Lot Size2,400 SqFtStyleSingle Family ResidenceYear Built1700Year Renovated1700CountyPASSAICAPN08-06011-0000-00008

Schools near 151 Spring Street

This home is within Paterson Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 3
Public - PK to 5
Public - K 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

School 3
PublicK 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

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 151 Spring Street, Paterson, NJ 07501
$695,000
9
2,613
11,172
4,901
2,919
2,500
$340,000
1,812
2,500
2,500
$455,000
2,772
2,500

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NATIONWIDE HOMES REALTY LLC, MENACHEM KLEIN

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: 08/25/2026 07:26 PM. Source: New Jersey Multiple Listing Service, Inc. © 2026 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: 08/25/2026 07:26 PM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.