Under Contract Multi-Family MLS# 4042118

69 Graham Ave

Paterson City, NJ 07524

$699,900

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About 69 Graham Ave

Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one. Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only.

Property details

Property

Type
multi
Year built
1900
Lot
0.06 ac
List date
Jul 21, 2026

Schools

District
Paterson City School District

Location

Subdivision
Riverside
Neighborhood
Riverside

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Listed by REALTY ONE GROUP LEGEND

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.