532 Summer Street, Paterson, NJ 07501

Paterson
Local realty services provided by:ERA Queen City Realty
532 Summer Street,Paterson, NJ 07501
$540,000
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: juan morel
Office: realty of america llc.833-256-4244
MLS#:25026128
Source:NJ_MLS

Price summary

  • Price:$540,000

About this home

Investor’s dream! This legal 2-family property in Paterson is a high-yield, cash-flowing opportunity w/ no certificate of occupancy required a rare advantage for savvy investors. The 1st floor features 2 studio units, each w/ its own bathroom. The 2nd floor mirrors the layout with 2 more private studio suites, & a finished attic adds a 5th bonus studio unit. Currently generating $6,100/monin cash rental income with no formal leases, this asset offers immediate returns and flexibility. Two units rent at $1,300 each, two at $1,200, & one at $1,100. With annual taxes at $6,310 and insurance at $4,500, this investment maintains a strong profit margin. While there’s no finished basement and street parking only, the property’s location in a high-demand rental area makes it a reliable earner with room to grow. Whether you're building your first portfolio or adding another gem to your collection, this is an opportunity you don’t want to miss. Cash flow from day one in a thriving...

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Home facts

  • Listing ID #:25026128
  • Added:281 day(s) ago
  • Updated:May 03, 2026 at 07:28 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:5

Finances and disclosures

  • Price:$540,000
  • Tax amount:$6,310
MLS Logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than ERA Queen City Realty are marked 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: May 3, 2026. Source: New Jersey Multiple Listing Service, Inc. 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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