63 Pearl Street

Paterson, NJ 07501

$509,000

7 bd / 3 ba

Property Tax: $8,749/year

Don’t miss this well-maintained 7 bedroom, 3 bathroom multifamily investment opportunity generating $5,200/month in total rent with all tenants on month-to-month leases — giving you maximum flexibility whether you’re an owner-occupant or pure investor. Ideally located just blocks from the train station, bus lines, schools, shopping, and dining. Updated in 2020, this property is perfectly positioned for an owner-occupant to live in part of the home while collecting rental income from the rest, or for an investor to keep it fully leased for strong cash flow from day one. The first floor features a comfortable living room, eat-in kitchen, 4 bedrooms, and a full bath, offering generous space and functionality. The second floor includes a living room, eat-in kitchen, 3 bedrooms, and a full bath. The finished basement adds valuable bonus living space, further enhancing the property’s versatility and value. Practical layouts and thoughtful updates enhance everyday living throughout. Outside, the fully fenced backyard includes a patio ideal for outdoor dining and grilling. With flexible living spaces, a finished basement, $5,200/month in existing rental income, month-to-month tenancy flexibility, and a commuter-friendly location, this is an excellent opportunity to own a versatile multifamily property in a convenient neighborhood

Listed By:

Hassan Gebril: (973) 694-6500,
Howard Hanna Rand Realty
Source: njmls, MLS#: 241557944

NJMLS Internet Data Exchange

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 SILVERMAN 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: 06/15/2026
Source: New Jersey Multiple Listing Service, Inc.

©2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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