202 Mill St
Paterson City, NJ 07501
Price: $749,900
GSMLS: 4016185Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 9
Baths: 3 Full
Garage: No
Year Built: 1940
Acres: 0.06
Property Tax: $5,286
Description
Turnkey Renovated 3 years ago - 3-Family - High Yield & Low Maintenance. Rare opportunity to own a fully gut-renovated, income-producing 3-family property in a high-demand location near Downtown Paterson. Stripped to the studs and completely reimagined, this substantial residence offers three spacious units, each featuring a modern 3-bedroom layout designed to attract premium tenants or provide comfortable owner-occupant living. High-end capital improvements include a new roof, new siding, and windows, ensuring minimal deferred maintenance and low operating expenses. Each unit showcases updated kitchens with contemporary cabinetry and durable countertops, alongside fully updated modern baths. Perfectly situated just minutes from shopping, dining, public transportation, and major highways, this property offers an unbeatable combination for commuters and investors alike. Whether you are looking for a stabilized asset or a "live-in-one, rent-the-others" house-hack, this property delivers immediate value and long-term durability. Just turn the key and start collecting.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Full, Unfinished
Interior:
Carbon Monoxide Detector, See Remarks, Smoke Detector
Roof:
Asphalt Shingle, See Remarks
Exterior:
Brick, Vinyl Siding
Lot Size:
25X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
See Remarks
Water Heater:
See Remarks
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas In Street, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$749,900
Tax Amount:
$5,286
Land Assessment:
$90,100
Build. Assessment:
$451,500
Total Assessment:
$541,600
Tax Rate:
5.34
Tax Year:
2025
Listing Information
MLS ID:
4016185
List Date:
03-23-2026
Days On Market:
1
Listing Broker:
UNITED REAL ESTATE
Listing Agent:
Sergio Limonta
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: TheForgesDenville.com
