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165-169 Godwin Ave 4 Unit Apartment Building $1,383,868 CAD ($345,967 CAD/Unit) 9.51% Cap Rate Paterson, NJ 07501
Investment Highlights
- Separate Utilities
- Low Vacancy rate, On site Gated Parking
- Close to transportation
Executive Summary
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 9.51% cap rate, making it an excellent addition to any investment portfolio. Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow. Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks. Contact Mike for details and showings 201-710-0598
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$166,147
|
$36.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$166,147
|
$36.44
|
| Taxes |
$24,759
|
$5.43
|
| Operating Expenses |
$9,553
|
$2.10
|
| Total Expenses |
$34,312
|
$7.52
|
| Net Operating Income |
$131,835
|
$28.91
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $166,147 |
| Annual Per SF | $36.44 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $166,147 |
| Annual Per SF | $36.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,759 |
| Annual Per SF | $5.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,553 |
| Annual Per SF | $2.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,312 |
| Annual Per SF | $7.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,835 |
| Annual Per SF | $28.91 |
Property Facts
| Price | $1,383,868 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $345,967 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 9.51% | Building Size | 4,560 SF |
| Gross Rent Multiplier | 10 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1970/2022 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | B-2 - Community Business | ||
| Price | $1,383,868 CAD |
| Price Per Unit | $345,967 CAD |
| Sale Type | Investment |
| Cap Rate | 9.51% |
| Gross Rent Multiplier | 10 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,560 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | B-2 - Community Business |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $3,461 CAD | 1,200 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-03506-0000-00039 | Total Assessment | $1,120,663 CAD (2026) |
| Land Assessment | $163,517 CAD (2026) | Annual Taxes | $24,759 CAD ($5.43 CAD/SF) |
| Improvements Assessment | $957,146 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
08-03506-0000-00039
Land Assessment
$163,517 CAD (2026)
Improvements Assessment
$957,146 CAD (2026)
Total Assessment
$1,120,663 CAD (2026)
Annual Taxes
$24,759 CAD ($5.43 CAD/SF)
Tax Year
2025
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165-169 Godwin Ave
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