For Sale53d on marketHistoric · 96 yrs
427 Summer St
Paterson, NJ, 07501 • Sandy Hill • Passaic County
$599,999
Down payment assistance available
9Beds
5Baths
0.06 acLot
1930Built
Property DNA
Character Home
Built 1930 · 96 years of history
This home is getting attention
Listed 53 days ago · 750 views · 24 saves
Market activity
Demand and pricing signals for this listing
750 views
People checking out this listing
24 saves
Buyers have saved this home
53 days on market
Established listing
About this home
Multi Family · Built 1930 · Historic
Welcome to 427 Summer Street, a spacious multi-family property located in the vibrant city of Paterson, New Jersey. This property presents a fantastic opportunity for investors or owner-occupants looking to generate rental income while owning real estate in a convenient and growing area.The home features multiple well-sized units with generous living space, bright interiors, and comfortable bedrooms. Each unit offers functional layouts designed for everyday living, providing both comfort and practicality for residents.The property also includes a basement offering additional storage space and utility area. With public utilities and a location close to local shops, restaurants, schools, and parks, this home combines income potential with everyday convenience.Situated near major roadways and public transportation, commuting throughout Northern New Jersey and surrounding areas is simple and efficient.Whether you're looking to expand your investment portfolio or occupy one unit while renting the others, 427 Summer Street offers a great opportunity in the Paterson real estate market.
Standout features identified
Our analysis highlights bright interiors, multiple well-sized units, and comfortable bedrooms as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,761/month
Principal & Interest$2,961
Property Tax$600
Insurance$200
Down payment20% ($120,000)
3%50%
Est. 6.27% rate · 30yr fixed · $479,999 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1930
HeatingBaseboard - Hotwater, See Remarks, Natural Gas, Solar-Leased
CoolingSee Remarks, Wall Unit(s)
ParkingOff Street, See Remarks
Days on Zillow53 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1930
Stories2
Systems
HeatingBaseboard - Hotwater, See Remarks, Natural Gas, Solar-Leased
CoolingSee Remarks, Wall Unit(s)
RoofAsphalt Shingle
ConstructionSee Remarks, Vinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOff Street, See Remarks
BasementYes,Finished
Lot2,613 sqft
Location & Tax
NeighborhoodSandy Hill
Annual tax$8,050
Parcel0806307000000012
Bathrooms & Fees
Full baths5
Features & details
8 categories of property features
Interior Features
Interior
Bedrooms
Dining Room
Kitchen
Living Room
See Remarks
Heating
Baseboard - Hotwater
See Remarks
Natural Gas
Solar-Leased
Cooling
See Remarks
Wall Unit(s)
Laundry
Laundry Room
Exterior Features
Parking
Off Street
See Remarks
Construction
See Remarks
Vinyl Siding
Utilities
Natural Gas Connected
See Remarks
Gas
Gas-Natural
Listing insights
Market data and value estimates
StatusFor Sale
Days on market53
Est. value$627,600
Est. rent$2,120/mo
Tax rate2.28%
On marketFeb 16, 2026
PostedFeb 16, 2026
Last sold$62,000
MLS statusActive
MLS updatedMar 11, 2026
Tour days9
Views750
Favorites24
How are the schools in Paterson?
3 schools rated nearby
Location
Paterson, NJ, 07501
Price history
7 events
DateEventPrice$/sqftSource
Feb 16, 2026Listed For Sale$599,999—GSMLS
Feb 12, 2026Listing Removed——Owner
Jan 19, 2026Listed For Sale$680,000—Owner
Dec 3, 2025Listing Removed$660,000—NJMLS
Aug 30, 2025Listed For Sale$660,000—NJMLS
Feb 15, 2001Sold$62,000—Public Record
Dec 17, 1996Sold$47,000—Public Record
Listed For Sale$599,999
Feb 16, 2026•GSMLS
Listing Removed—
Feb 12, 2026•Owner
Listed For Sale$680,000
Jan 19, 2026•Owner
Listing Removed$660,000
Dec 3, 2025•NJMLS
Listed For Sale$660,000
Aug 30, 2025•NJMLS
Sold$62,000
Feb 15, 2001•Public Record
Sold$47,000
Dec 17, 1996•Public Record
Tax history
24 years of records
YearTax paidAssessed value
Apr 11, 2025$8,050$158,000
Apr 11, 2024$7,747$158,000
Apr 11, 2023$7,611$158,000
Apr 11, 2022$7,072$158,000
Apr 11, 2021$7,072$158,000
Apr 11, 2020$6,387$158,000
Apr 11, 2019$6,589$154,500
Apr 11, 2018$6,286$152,300
Apr 11, 2017$6,929$151,100
Apr 11, 2016$6,560$159,700
Apr 11, 2015$6,725$159,700
Apr 11, 2014$6,363$231,900
Apr 11, 2013$6,838$231,900
Apr 11, 2012$6,838$271,900
Apr 11, 2011$5,781$271,900
Apr 11, 2010$5,250$271,900
Apr 11, 2009—$271,900
Apr 11, 2008—$271,900
Apr 11, 2007—$271,900
Apr 11, 2006—$6,200
Apr 11, 2005—$6,200
Apr 11, 2004—$6,200
Apr 11, 2003—$6,200
Apr 11, 2002—$6,200
Nearby homes
Neighborhood details
Local context around this listing
Paterson, NJ • Passaic County
Nearby neighborhoods
DowntownEastsideHillcrestNorthsidePeople's ParkRiversideSandy HillSouth PatersonTotowaWrigley Park
Nearby cities
CliftonHawthorneLittle FallsPassaicPatersonRingwoodWanaqueWayne
Nearby zip codes
07501075020750307504075050750907513075140752207524
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