Great opportunity to own a two-family home in Paterson! Offering plenty of potential for investors or owner-occupants, this property is ready for its next owner to bring their vision and make it their own. Ideal for an investor looking for their next project or a buyer looking to live in one unit while generating income from the other. Conveniently located near shopping, schools, major roadways, and public transportation. Bring your ideas and unlock the potential this two-family has to offer! First floor is 1 bed 1 bath. Second floor is 2 bed 1 bath. AS IS SALE. BUYER RESPONSIBLE FOR C. O. 24 Hour notice needed for showings.
Some nearby schools may not be within this home's attendance zone. Please check the Paterson Public School District website to verify.
School 10
Public K-8 • 0.4mi
2/10
Rosa Parks Arts High School
Public 9-12 • 0.9mi
5/10
School 18
Public 1-8 • 0.5mi
4/10
Provided by GreatSchools
About
Riverside
Riverside, located between the Passaic River waterfront and Route 20, is a residential and industrial Paterson neighborhood with river-edge parks and working rail corridors. The neighborhood’s character concentrates around River Street near the historic Great Falls district, where corner delis, small eateries, and light-industrial storefronts set a brisk, utilitarian street scene. Hinchliffe Stadium anchors local pride with its restored grandstands and event calendar. The Paterson Museum adds a dose of invention-era history in a compact, gallery-style setting. Streets mix early-20th-century rowhouses and two-families with brick warehouses and mill-era buildings. River views and trail segments shape a grounded, outdoors-meets-city rhythm.
Provided by Walk Score and Local Logic
Market insights
31 May St · $399,999
DAYS ON MARKET
8 days
The average home goes pending in 45 days.
SALE-TO-LIST
105.1%
Most homes are selling 5% above list price.
LIST PRICE
$399,999
Median list price in this area is $690,068. (73% higher than this home)
PRICE DROP
0 price drops
11% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
8 total rooms
Bathrooms
2 full bathrooms
Laundry & utility
Laundry located in the basement
Home design
Residential income property
Multi-family
Utilities
Natural gas available and connected
Electricity connected
Electricity and solar
View estimated energy costs and solar savings for this home
The intent of the R-2 Low Medium Density Residential District is to permit single and two family dwellings at the low to medium densities permitted in the district, together with such uses as places of worship, recreational facilities, schools and other such permitted uses that are typically located in residential neighborhoods. Certain accessory uses that are customarily incidental to one and two-family residences and that are compatible with low to medium density residential surroundings are permitted as well. It is the further intent of this district to preserve the existing neighborhood character and the quality of the physical environment in these areas of the City. In keeping with this intent, higher density residential uses (i.e., townhouses and all kinds of multiple-family dwellings), as well as business, industrial and other non-residential uses are strictly prohibited. No new construction of such prohibited land uses, nor conversion of residential dwellings into such prohibited land uses, is permitted to occur with the R-2 District. In fill development consisting of single-family homes, two-family homes and/or other permitted uses that preserve the existing density, pattern, scale, and building height of the existing neighborhood is encouraged.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
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
7/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
4/10 Wind Factor
24% 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 • 07524
Average low and high temperatures (°F)
36
22
39
24
56
36
65
45
72
54
84
64
90
71
84
63
78
59
69
48
56
39
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
60/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.3 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 31 May St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $400,000 and $625,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $400K to $625K.