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Three-Story Triplex
For Sale
$650,000

15 Elm St, Paterson, NJ 07501

Multi-Family, 3-Three Story, Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market127

Property Features for 15 Elm St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Basement, Bedroom 3, Bedroom 1
Interior features Carbon Monoxide Detector
Lot features Level Lot
Elementary school NUMBER 2
Middle school NUMBER 2
High school JFK
Directions MILL STREET TO ELM STREET
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10728

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1940
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: REALTY EMPIRE, LLC
Listed By: DOMINGO MENDEZ · License #304828
Added: May 22 Changed: Sep 13 Last Checked: Sep 25 at 5:06AM
MLS# 4029571

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This legal triplex is configured as a three-family residence with one apartment on each floor. Each level includes two bedrooms and one bathroom, creating a consistent unit layout throughout the building. The property also includes a basement, shingle roofing, a carbon monoxide detector, and public water and sewer service. Built in 1940, the residence requires major rehabilitation and is offered in as-is condition.

The property is located near downtown Paterson and Paterson Great Falls National Historical Park. Set on a 0.06-acre lot, it provides a three-story residential income configuration for an owner or buyer undertaking substantial renovation. The existing floor-by-floor arrangement and public utilities establish the core physical framework, while the rehabilitation requirement should be considered in evaluating the property.

Key Highlights

  • Legal three‑family residence with one apartment on each floor
  • Each floor includes 2 bedrooms and 1 bathroom
  • Major rehabilitation required; offered in as‑is condition

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Catering Service Pet Grooming Service Nursing Home Tanning Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

3,195
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-family property with two-bedroom, one-bath floor plans and public water and sewer.
Where is this triplex located?
The property is located at 15 Elm St Paterson, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Legal three‑family residence with one apartment on each floor; Each floor includes 2 bedrooms and 1 bathroom; Major rehabilitation required; offered in as‑is condition
More about this property
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