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Legal Three-Family Residence
For Sale
$650,000

15 Elm St, Paterson, NJ 07501

MULTI_FAMILY - Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market82

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 5, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1, Bedroom 6
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: Aug 2 Last Checked: Aug 11 at 4:06AM
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 three-family residence provides two bedrooms and one bathroom on each floor. The property is being sold as-is and needs major rehab. Interior features include a carbon monoxide detector. The home was built in 1940 and has a shingle roof.

The lot size is 0.06 acres. Utilities include public water and public sewer.

The room layout includes multiple bedrooms and bathrooms across the home, along with a basement.

Key Highlights

  • Legal three‑family home with two bedrooms and one bath on each floor
  • Sold as‑is and needs major rehab
  • Built in 1940

Property Analytics

Current Use

Triplexes

Suggested Use

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

Multi-tenant
Tenancy

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Legal three-family home with public water and public sewer, shingle roof, and carbon monoxide detector.
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 home with two bedrooms and one bath on each floor; Sold as‑is and needs major rehab; Built in 1940
More about this property
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