Investor Opportunity! Two 3-bedroom apartments generating $5,200 per month in rental income, plus a nice backyard. Conveniently located near NJ Transit’s Paterson Station and surrounded by new construction and ongoing development. A strong income-producing property with long-term investment potential.
Multi-familyProperty Type
2,500 sq ftLot Size
Listed by Baruch Schwartz• Keller Williams Valley Realty
Some nearby schools may not be within this home's attendance zone. Please check the Paterson Public School District website to verify.
Edward W. Kilpatrick Elementary School
Public PreK-3 • 0.1mi
2/10
Alexander Hamilton Academy
Public K-8 • 0.2mi
3/10
Alternative High School - Yes Academy
Public 9-12 • 0.2mi
Provided by GreatSchools
About Wrigley
Park
Wrigley Park, located between East 33rd Street and East 37th Street, is a residential and park-adjacent Paterson neighborhood with a compact street grid and a green, ballfield-centered open space. The neighborhood’s character concentrates around Wrigley Park itself, where benches, courts, and game-day energy set the local rhythm. Housing reads as practical and close-set, with a mix of small multifamily buildings and single-family homes along tree-lined blocks. The park acts as the everyday commons for walks, pickup games, and seasonal gatherings. For a broader cultural orbit, the Paterson Museum and the Great Falls National Historical Park sit nearby as signature destinations.
Provided by Walk Score and Local Logic
Market insights
63 Pearl St · $479,000
DAYS ON MARKET
34 days
The average home goes pending in 34 days.
SALE-TO-LIST
104.3%
Most homes are selling 4% above list price.
LIST PRICE
$479,000
Median list price in this area is $709,960. (48% higher 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
Bedroom
Interior features
12 total rooms
Bathrooms
3 full bathrooms
Laundry & utility
No laundry in-unit
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 primary goal of this Plan, and the
redevelopment effort is to bring economic and community development to the Area,
and to improve the quality of life for residents and businesses in the Area. The RA-2 residential district is designed to permit
a more intensive residential use of land with various types of dwellings. Density is maintained in medium range, while building height is kept low enough to be generally compatible with one and two-family residential development.
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
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
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
64/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.8 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 63 Pearl St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $380,000 and $630,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $380K to $630K.