123 Belmont Ave
Paterson City, NJ 07522
Price: $949,000
GSMLS: 4002196Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 9
Baths: 5 Full
Garage: No
Year Built: 1888
Acres: 0.13
Property Tax: $10,398
Description
Excellent Investment Opportunity! Renovated 4-family Property Sitting On A Rare Double Lot, Offering Tremendous Potential And Strong Income-producing Value. This Well-maintained Building Features Updated Units, On-site Parking, And Plenty Of Outdoor Space With Room For Future Possibilities. Ideal For Investors Looking To Expand Their Portfolio Or A First-time Home Buyer Seeking To Live In One Unit While Generating Rental Income From The Others. A Solid, Turnkey Property With Upside Potential?don?t Miss This Opportunity!
General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
21
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X115
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop, Driveway-Exclusive
Spaces Available:
7
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living/Dining Room, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
4+ Units, Baseboard - Hotwater
Heating Fuel:
Electric
Cooling:
4+ Units
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, 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:
$949,000
Tax Amount:
$10,398
Land Assessment:
$41,300
Build. Assessment:
$162,800
Total Assessment:
$204,100
Tax Rate:
5.10
Tax Year:
2024
Listing Information
MLS ID:
4002196
List Date:
12-19-2025
Days On Market:
0
Listing Broker:
CHRISTIE'S INT. REAL ESTATE GROUP
Listing Agent:
Randy Mercado
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: GlenmontCommons.com
