Investor opportunity! This newly updated three-unit property offers three spacious units, each featuring four bedrooms, one full bathroom, a full kitchen, and a comfortable living room/dining room combination. The building features clean, attractive interiors with open layouts and plenty of living space throughout. This property is an excellent addition to an investment portfolio. Conveniently located near NJ TRANSIT, major highways, shopping, dining, and other local amenities.
Some nearby schools may not be within this home's attendance zone. Please check the Paterson Public School District website to verify.
School 3
Public K-8 • 0.2mi
4/10
Alternative High School - Yes Academy
Public 9-12 • 0.5mi
School 8
Public K-8 • 0.3mi
4/10
Provided by GreatSchools
About Downtown
Paterson
Downtown Paterson, located between the Great Falls of the Passaic River and the Paterson Plank Road corridor, is a civic and commercial Paterson neighborhood with a courthouse skyline and a river-powered industrial legacy. The neighborhood’s character concentrates around Market Street and Main Street, where storefront signs, bakeries, small restaurants, and service counters keep the sidewalks in motion. Landmark civic architecture frames the blocks near the Passaic County Courthouse, while older brick commercial buildings and former mill-era structures hint at the city’s manufacturing past. The Paterson Museum and the Great Falls National Historical Park visitor areas ground local history in walkable form. The Fabian 8 Cinema adds a classic marquee stop for an evening out. NJ Transit rail and bus hubs stitch the district to the wider region.
Provided by Walk Score and Local Logic
Market insights
144 Spring St · $775,000
DAYS ON MARKET
21 days
The average home goes pending in 34 days.
SALE-TO-LIST
104.3%
Most homes are selling 4% above list price.
LIST PRICE
$775,000
Median list price in this area is $712,366. (8% lower than this home)
PRICE DROP
0 price drops
9% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Dining
Interior features
Unfinished basement
Carbon monoxide detectors
Fire alarm system
Bedrooms
Three units each with four bedrooms
Bathrooms
Three full bathrooms (one per unit)
Kitchen
Eat-in kitchens in each unit
Laundry & utility
Tenant pays electric, gas, and heat for each unit
Owner pays water
Heating & cooling
Three heating units
Natural gas heating
Cooling noted in remarks
Exterior features
Vinyl siding
Flat roof
Approximate lot size of 25,100
Home design
Three-story multi-unit building
Renovated (year not specified)
Parking
On-street parking
Construction
Approximate year built
Utilities
Electric service available
Natural gas service available
Public water
Public sewer
Financial info
Three total units
Reported net operating income: 0
Reported gross operating income: 0
Reported total operating expenses: 0
Unit rents: two units at $2,500; one unit at $2,400
Security deposits: $2,500 for two units; $2,400 for one unit
Other
Owner/tenant utility payment structure noted under Laundry & utility
Electricity and solar
View estimated energy costs and solar savings for this home
The intent of the I-1 Light Industrial District is to provide for a wide variety of light manufacturing, fabricating, processing, wholesale, distribution and warehousing uses in a setting conducive to public health, economic stability and growth, and protection from blight and nonindustrial encroachment. The regulations are designed to permit operations in a clean and quiet manner and to protect adjacent district uses and industries within the district. Further development of residences is prohibited in this district to protect homes from the adverse effects of industries and to conserve the supply of industrial land for industrial uses. Further, in order to avoid bringing the general public into the district, to protect commercial establishments from the adverse effects of industry and to conserve the supply of land for industrial uses, most commercial uses are prohibited from the I-1 District.
Permitted uses
Include but are not limited to:
Laundromat
Industrial
Self-Storage / mini-Storage
Warehouse
Infrastructure
Office
Research & development
Public service
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Paterson, NJ • 07501-2885
Average low and high temperatures (°F)
35
22
39
24
56
36
64
45
71
53
82
64
87
69
82
63
78
60
67
48
55
39
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.
8.6 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 144 Spring St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $490,000 and $780,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $490K to $780K.