Sell My House Fast in Paterson, NJ
Paterson is a multi-family city. 54.6% of its housing is in buildings with two to four units, single-family houses are only 20.1%, and 73.1% of occupied homes are rented. If you own property here and rent it out, I buy with tenants still living there.
I make cash offers on Paterson houses and small multi-family buildings in any condition, with no repairs needed from you, and I handle the cleanout after the sale. Tell me about the building and the tenants, and I'll give you a number that accounts for both.
Justin LivaMojo House Buyers · about me
Paterson housing, by the numbers
- Median home value
- $360,100
- Median year built
- 1954
- Owner-occupied homes
- 26.9%
- Housing units
- 52,519
Paterson figures: Census ACS 5-year, 2020–2024
Paterson has 158,735 residents and 52,519 housing units. The median home value is $360,100, the median year built is 1954, and the median gross rent is $1,548.
Paterson properties I can buy as they stand
Two- and three-family buildings
With 54.6% of the city's housing in two-to-four-unit buildings, a Paterson sale can come with leases and rent rolls attached. Bring me those numbers along with the condition, and I'll work them into the offer.
Housing that predates the war
32.7% of Paterson's homes were built before 1940 and 59.2% before 1960. I price the roof, heating and electrical work into the offer, so none of it has to happen before we close.
Rentals that stopped paying off
If repairs, vacancies and late rent are eating the income, I'll buy the building with the tenants still in it. Before you act, talk with a landlord-tenant attorney about notice and tenant rights, then call me.
An inherited building
Inheriting a Paterson property can mean inheriting tenants you've never met. I've helped many people sell property they inherited and didn't want, and the cash let them start fresh.
Inherited a house here?
Paterson heirs and executors work with the Passaic County Surrogate's Court, which probates wills and grants letters of administration for estates without one.
Parts of Paterson
These are Paterson's neighborhoods, from Downtown to Westside Park.
- Downtown Paterson
- Eastside Park
- East River
- Manor Section
- South Paterson
- Lakeview
- Hillcrest
- People's Park
- Wrigley Park
- Sandy Hill
- Northside
- Totowa Section
- Stoney Road
- Riverside
- Bunker Hill
- Westside Park
Source: Paterson on Wikipedia
Paterson on the map
Selling in Paterson: your questions
If you've got a Paterson property that's become more work than it's worth, send me the details. I'll give you an honest offer and won't push.
Do you buy multi-family houses in Paterson?
Yes, and they're most of what Paterson has: 54.6% of the housing is in two-to-four-unit buildings. Send me the address, the number of units, current rents and when the leases end.
What's my Paterson building worth as-is?
The city's median value is $360,100, but a building that needs a full rehab is worth what it would sell for fixed up, less the work and the risk. A common mistake I see is pricing a building as if it were already renovated. I'll show you how I see yours.
Can I sell if my tenants pay less than Paterson's $1,548 median rent?
Below-market rents change the numbers, and I weigh them along with condition when I put an offer together. Your attorney can explain what the existing leases mean for whoever buys the building.
My Paterson building is unlivable. Is it still worth calling you?
Yes. I buy houses in any condition, including fire-damaged and unlivable ones, and that goes for multi-family buildings too. Paterson's housing is old, with 32.7% built before 1940. Describe the damage and which units, if any, are occupied, and I'll work up an as-is number.