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    Mixed-Use Building with Grocery Title is generated by Realmo AI

    230 17Th Ave, Paterson, NJ 07504

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    Picture of Grocery and convenience stores at 230 17Th Ave, Paterson, NJ
    For Sale
    $679,000

    Multi-Family, 2-Two Story - Paterson City, NJ

    Lot size:
    0.06 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 230 17Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Parking
    2
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range, Refrigerator
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12894

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Multi Units

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    JAIME FELIZ

    Listing agent JAIME FELIZ

    Listing office UNITED REAL ESTATE 18-19 RIVER ROAD, Fair Lawn, NJ

    Listing date Jun 4, 2026

    MLS# 4032320 Listing URL

    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.

    HighLights

    • Mixed‑use building with a grocery store on the first floor and 2 residential apartments on the upper level
    • Includes two 1‑bedroom apartments, each with a kitchen, living room, and full bath
    • Finish attic with 2 additional bedrooms and a full bath for extra living or guest use
    • Year built 1940; vinyl siding exterior and asphalt shingle roof
    • Basement included; interior rooms include four bathrooms and up to four bedrooms plus kitchen and living room
    • Appliances noted: gas oven, range, and refrigerator; heating includes baseboard and electric (heating), with multi‑unit cooling

    Overview

    This for-sale mixed-use property includes a well-established grocery store on the first floor with two residential apartments on the second floor. The residential layout provides two 1-bedroom apartments, each with a kitchen, living room, and full bath. A finished attic adds additional flexible space, including two bedrooms and a full bath, which can support guest accommodations or other uses based on the needs of an owner or operator.

    The building is located at 230 17Th Ave in Paterson City, Passaic County, NJ. The property is positioned for convenience to nearby shopping, transportation, and major highways, supporting day-to-day accessibility for both retail customers and residents.

    For a tenant, buyer, or operator looking for a live-and-work setup, this configuration offers direct integration between street-level retail and upper-level housing. For investors, the arrangement combines commercial and residential components within the same property, with the potential to manage both store operations and tenant occupancy from one site. The combination of 1-bedroom apartments and the additional finished attic space may also broaden the range of resident household needs while keeping the building’s overall mixed-use design intact.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pena deli grocery ... Food Market

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • El mercadito fruit & meat market — 592 21st Ave, Paterson, NJ 07513
    • E.I. Supermarket Corp. — Paterson, NJ 07513
    • El Aguila Supermarket #2 — 945 Madison Ave, Paterson, NJ 07501
    • Nash Halac — 979 E 23rd St, Paterson, NJ 07513
    • Food Fair La Gran Marqueta — 946 Market St, Paterson, NJ 07513

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.14795
    Latitude
    40.91257

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    FAQs

    What type of property is this?
    Grocery and convenience store - Two-story mixed-use building with a grocery store below and two apartments plus a finished attic above.
    Where is this grocery and convenience store located?
    The property is located at 230 17Th Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: Mixed‑use building with a grocery store on the first floor and 2 residential apartments on the upper level; Includes two 1‑bedroom apartments, each with a kitchen, living room, and full bath; Finish attic with 2 additional bedrooms and a full bath for extra living or guest use
    (888) 501-6953
    We can help!
    Listing Contact
    JAIME FELIZ
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    230 17Th Ave, Paterson City, NJ 07504-2016
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