2 months on rocket

118 12th Ave, Paterson, NJ, 07501

$375,000

Home List Price

$4,453*

Closing Credit

4 Bedrooms
2 Full Baths
1,810 SqFt
$207/SqFt
Multi

Location

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118 12th Ave, Paterson$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street, None
HeatingBaseboard
CoolingOther
BasementYes
MLS #22428106
Lot Size0.06 Acres
StatusActive

About 118 12th Ave

Don't miss this fantastic multi-family investment opportunity! This 2 bedroom over 2 bedroom rental property offers endless potential for the savvy investor or homeowner looking for additional income. With some updating, you can unlock its full value and transform it into a lucrative rental or comfortable living space. Each unit features a spacious layout, making it an ideal canvas for modern renovations. whether you're looking to expand your investment portfolio or create a dual-living arrangement, this property is a must-see. Sieze the opportunity to add value and reap the rewards - schedule a viewing today!

Property Details

Property Features

Property Information:

  • Living Area: 1,810 SqFt

Listing Office:

  • Office Name: American Homes Group
  • Listing Agent: Maurice Molcho

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street, None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $207/SqFt

Tax Information:

  • Annual Amount: $5,569
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Paterson, NJ.

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Paterson, NJ

City

Med. List Price

$462.3K

Med. Price/SqFt

$245

Avg. Days On Market

85

# of Sold Homes

9

118 12th Ave vs Paterson

82 DAYS ON ROCKET

-3 Days

$375,000

-$87.3K Less

$207/SqFt

-$38 Less

KEY TAKEAWAY

This property is $87.3K less than the Median List Price and $38/SqFt less than other homes in Paterson, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22428106

Listing Office:

  • Office Name: American Homes Group
  • Listing Agent: Maurice Molcho

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 14, 2021Home Sold
$160,000
Aug 19, 2015Home Sold
$60,000
Jul 09, 2012Home Sold
$29,000
Oct 07, 1988Home Sold
$28,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,569$137,700
2019$5,744$134,700
2018$5,483$132,800
2017$5,483$131,800

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4342986
1
/10

  • Edward W. Kilpatrick

  • 295-315 Ellison St

  • 0.32 miles

  • Public District Grades PK-3

school-card-donut-4342987
3
/10

  • Roberto Clemente

  • 434 Rosa Parks Blvd

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-4342988
3
/10

  • School 15

  • 98 Oak St

  • 0.70 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,083. The most common annual income of people living in Paterson, NJ is less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Passaic County›Paterson›07501›118 12th Ave

This home is located at 118 12th Ave in Paterson, NJ and zip code 07501 in the 4th Ward neighborhood. This 1,810 square foot home sits on a 0.06 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $375,000.

In November 2024 in Paterson, NJ there were 17.3% more homes for sale than in October 2024. Listings spent 85 days on the market in November 2024, and had a median list price of $462,300 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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