Pending169d on market
532 Summer St
Paterson, NJ, 07501 • Sandy Hill • Passaic County
$540,000
Down payment assistance available
5Beds
5Baths
Market activity
Demand and pricing signals for this listing
6 views
People checking out this listing
169 days on market
Established listing
About this home
Multi Family
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 rental market.
Estimated monthly payment
Based on current rates
$3,375/month
Principal & Interest$2,655
Property Tax$540
Insurance$180
Down payment20% ($108,000)
3%50%
Est. 6.23% rate · 30yr fixed · $432,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
ParkingNo Data
Days on Zillow169 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Location & Tax
NeighborhoodSandy Hill
Annual tax$6,310
Parcel0806302000000029
Bathrooms & Fees
Full baths5
Features & details
1 category of property features
Exterior Features
Utilities
See Remarks
Listing insights
Market data and value estimates
StatusPending
Days on market169
Tax rate2.28%
On marketJul 18, 2025
PostedOct 23, 2025
Last sold$170,000
MLS updatedNov 4, 2025
Tour days6
Views6
How are the schools in Paterson?
3 schools rated nearby
Location
Paterson, NJ, 07501
Price history
9 events
DateEventPrice$/sqftSource
Oct 23, 2025Pending Sale$540,000—NJMLS
Sep 19, 2025Listing Removed$540,000—NJMLS
Jul 24, 2025Listed For Sale$540,000—NJMLS
Oct 18, 2019Sold$170,000—GSMLS
Aug 14, 2019Listed For Sale$170,000—CULTURE ESTATE
Aug 14, 2019Pending Sale$170,000—CULTURE ESTATE
Apr 29, 2019Listed For Sale$170,000—CULTURE ESTATE
May 17, 2013Listing Removed$109,000—Keller Williams Realty Village Square
Dec 30, 2011Listed For Sale$109,000—Keller Williams Realty Village Square
Pending Sale$540,000
Oct 23, 2025•NJMLS
Listing Removed$540,000
Sep 19, 2025•NJMLS
Listed For Sale$540,000
Jul 24, 2025•NJMLS
Sold$170,000
Oct 18, 2019•GSMLS
Listed For Sale$170,000
Aug 14, 2019•CULTURE ESTATE
Pending Sale$170,000
Aug 14, 2019•CULTURE ESTATE
Listed For Sale$170,000
Apr 29, 2019•CULTURE ESTATE
Listing Removed$109,000
May 17, 2013•Keller Williams Realty Village Square
Listed For Sale$109,000
Dec 30, 2011•Keller Williams Realty Village Square
Tax history
25 years of records
YearTax paidAssessed value
Apr 11, 2025$6,674$131,000
Apr 11, 2024$6,423$131,000
Apr 11, 2023$6,310$131,000
Apr 11, 2022$5,864$131,000
Apr 11, 2021$5,864$131,000
Apr 11, 2020$5,292$131,000
Apr 11, 2019$5,459$128,000
Apr 11, 2018$5,208$126,200
Apr 11, 2017$5,741$125,200
Apr 11, 2016$5,435$132,300
Apr 11, 2015$6,830$132,300
Apr 11, 2014$6,462$235,500
Apr 11, 2013$5,923$235,500
Apr 11, 2012$5,923$235,500
Apr 11, 2011$5,007$235,500
Apr 11, 2010$4,548$235,500
Apr 11, 2009—$235,500
Apr 11, 2008—$235,500
Apr 11, 2007—$235,500
Apr 11, 2006—$18,100
Apr 11, 2005—$18,100
Apr 11, 2004—$18,100
Apr 11, 2003—$18,100
Apr 11, 2002—$18,100
Apr 11, 2001—$18,100
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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