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Two-Family Duplex in Paterson
For Sale
$680,000

509 E 31St St, Paterson, NJ 07504

MULTI_FAMILY - Paterson City, NJ

Property SizeContact for details
Lot Size0.08 Acres
Days on Market23

Property Features for 509 E 31St St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 5, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking 5
Interior features Carbon Monoxide Detector, Smoke Detector
Exterior features Gazebo
Directions Market St to E 31st St
Standard status Active
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 13694

Utilities

Sewer type Public Sewer
Heating system Other (Heating), Hot Water(Heating)
Water source Public

Building Details

Year built 1965
Floors in Building 2
Number of units 2
Roof type Shingle
Architectural style Other
Additional Structures Gazebo
Listing Agency: UNITED REAL ESTATE
Listed By: JOSE GIGNOUX · License #258898
Added: Jul 20 Changed: Aug 2 Last Checked: Aug 11 at 5:06PM
MLS# 4042169

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.

Two-family duplex built in 1965 featuring two units with multiple formal living and dining spaces. The first floor offers a formal living room, formal dining room, eat-in kitchen, two bedrooms, a full bathroom, and a pantry. The second floor includes a formal living room, formal dining room, eat-in kitchen, a full bathroom, and three bedrooms, plus additional extra rooms in the attic with a full bathroom. The basement includes a full bathroom. Interior features include smoke detectors and a carbon monoxide detector.

Exterior amenities include a gazebo and a 2-car garage. The property is served by public water and public sewer. Heating is described as hot water heating and other heating, and the roof is shingle.

The home is situated on a small lot measuring 0.08 acres in Paterson City, in Passaic County, NJ.

Key Highlights

  • Two‑family duplex built in 1965
  • First floor offers formal living and dining plus eat‑in kitchen
  • Second floor includes formal living and dining, eat‑in kitchen, and three bedrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Gym & Fitness Center Catering Service 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

1,562
Businesses Nearby

Demographics for 07504, NJ

13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
Median Home Value

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?
Duplex - Two-family duplex with public water and sewer, a basement with full bathroom, and a 2-car garage.
Where is this duplex located?
The property is located at 509 E 31St St Paterson, NJ.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two‑family duplex built in 1965; First floor offers formal living and dining plus eat‑in kitchen; Second floor includes formal living and dining, eat‑in kitchen, and three bedrooms
More about this property
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