Upgraded Three-Unit
For Sale
$849,000
673 E 25Th St, Paterson, NJ 07504
Multi-Family, 3-Three Story, Paterson City, NJ
Property Size3,700 SF
Price / SF$229.46
Days on Market60
Property Features for 673 E 25Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 9, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2
Interior features
Carbon Monoxide Detector
Directions
15th Ave or 14th Ave to E 25th St # on House 625
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19355
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam
Water source
Public
Building Details
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS PROSPERITY REALTY · Keller Williams Realty
(973) 696-0077
Listed By:
STACEY MONTERO
(201) 303-8675
Added: Jul 9
Changed: Sep 5
Last Checked: Sep 6 at 2:06AM
MLS# 4039593
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 three-unit triplex provides approximately 3700 square feet of residential space, with 9 bedrooms, 3 bathrooms, and a basement. Interior character includes hardwood floors and original chestnut trim, while the unit layouts offer substantial living areas. Recent property improvements include a new roof, two new boilers, and new decks.
The property is served by public water and public sewer and has a shingle roof. A carbon monoxide detector is included among the interior features, and heating is provided through steam and other heating systems. The address is in Paterson City, NJ 07504-1905.
The property is served by public water and public sewer and has a shingle roof. A carbon monoxide detector is included among the interior features, and heating is provided through steam and other heating systems. The address is in Paterson City, NJ 07504-1905.
Key Highlights
- Three‑unit multifamily property with approximately 3700 square feet
- 9 bedrooms, 3 bathrooms, and a basement
- New roof and two new boilers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,238,480
$1.2M
Cap Rate 7%
$884,629
$884.6K
Cap Rate 9%
$688,044
$688.0K
Market Conditions
NOI Build-Up for 3,700 SF
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.
Gross rent
$94.6K $25.56/SF
− Vacancy
−$6.1K −$1.65/SF
EGI
$88.5K $23.91/SF
− OpEx
−$26.5K −$7.17/SF
NOI
$61.9K $16.74/SF
Area
Paterson, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,238,480
Cap Rate 7%
$884,629
Cap Rate 9%
$688,044
Alternative Uses
Best Use
Multifamily LT 5
$884.6K
$774.1K – $1.03M
NOI $61,924 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$812.8K
$711.2K – $948.3K
NOI $56,899 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$966.1K
$845.4K – $1.13M
NOI $67,630 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with updated mechanical systems, new decks, and preserved hardwood flooring and chestnut trim.
Where is this triplex located?
The property is located at 673 E 25Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑unit multifamily property with approximately 3700 square feet; 9 bedrooms, 3 bathrooms, and a basement; New roof and two new boilers
