127-131 5th ST Paterson, NJ 07522

PRIME INVESTMENT OPPORTUNITY!! This 4-bedroom, 2-bath single-family home sits on a spacious 75x100 lot in Paterson’s 1st Ward Redevelopment Zone, offering exceptional redevelopment potential. Investors and developers can fix and flip, convert to multi-family or mixed-use, subdivide—or explore all of the above while benefiting from development incentives, tax credits, and grants for residential projects. With streamlined approvals, zoning flexibility, and funding opportunities, this property is ideal for 203k buyers, developers, and investors looking to capitalize on Paterson’s growth and strong rental demand. Nearby infrastructure improvements, the Great Falls Lofts Project, and public-private partnerships further enhance long-term appreciation potential. Recent renovations have been completed, but the home is sold as-is, with the buyer responsible for obtaining the Certificate of Occupancy and fire certifications. Conveniently located in a rapidly growing market.