Vacant Two-Family
New
For Sale
$548,000
352 Totowa Ave, Paterson, NJ 07502
MULTI_FAMILY - Paterson City, NJ
Property Size1,476 SF
Lot Size0.06 Acres
Price / SF$371.27
Days on Market3
Property Features for 352 Totowa Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Interior features
Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Directions
Left on to Totowa Avenue from Wayne Avenue
Standard status
Active
Size
1,476 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7773
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
HALO REALTY PROPERTIES LLC
(848) 229-1810
Listed By:
GABRIELLE ROLDAN
(732) 910-4707
Added: Aug 3
Last Checked: Aug 5 at 10:06PM
MLS# 4044516
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 two-family property at 352 Totowa Avenue includes 1476 square feet on a 0.06-acre lot. The interior layout includes four bedrooms, two bathrooms, a basement, blinds, and life-safety equipment including smoke and carbon monoxide detectors. Baseboard and hot water heating support the building, which was constructed in 1900.
The property is located in Paterson’s Totowa Section, near the historic Paterson Great Falls, local shops, restaurants, and a school district. Major highway access supports travel toward New York City and the American Dream Mall. Public water and public sewer serve the property, and the shingle roof is an additional existing improvement.
The building will be available vacant at closing, allowing an owner-occupant to use one unit while leasing the other or placing tenants in both units, as supported by the property’s two-family configuration.
The property is located in Paterson’s Totowa Section, near the historic Paterson Great Falls, local shops, restaurants, and a school district. Major highway access supports travel toward New York City and the American Dream Mall. Public water and public sewer serve the property, and the shingle roof is an additional existing improvement.
The building will be available vacant at closing, allowing an owner-occupant to use one unit while leasing the other or placing tenants in both units, as supported by the property’s two-family configuration.
Key Highlights
- Two‑family property with 1476 square feet of building area
- 0.06‑acre lot in Paterson’s Totowa Section
- Four bedrooms, two bathrooms, and a basement
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $25.56 |
| − Vacancy | −$2.4k | −$1.65 |
| EGI | $35.3k | $23.91 |
| − OpEx | −$10.6k | −$7.17 |
| NOI | $24.7k | $16.74 |
1,476 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.9K
$308.8K – $411.7K
NOI $24,703 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$324.3K
$283.7K – $378.3K
NOI $22,698 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$385.4K
$337.2K – $449.7K
NOI $26,979 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Explore this area
Business Placement
Demographics for 07502, NJ
16,592
Population
4,861
Households
3.4
Avg Household Size
35
Median Age
17%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
18,436
Density / Sq Mi
$68,649
Median Household Income
$32,407
Median Earnings
$1,492
Median Rent
$347,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units will be available for occupancy or leasing at closing.
Where is this duplex located?
The property is located at 352 Totowa Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $548,000.
What are key features of this property?
This property features: Two‑family property with 1476 square feet of building area; 0.06‑acre lot in Paterson’s Totowa Section; Four bedrooms, two bathrooms, and a basement
