Three-Family Income
90 Park Ave Paterson, NJ 07501
90 Park Ave, Paterson, NJ, 07501
$839,000
For Sale
$839,000
MULTI_FAMILY - Paterson City, NJ
Property Size3,692 SF
Lot Size0.06 Acres
Price / SF$227.25
Days on Market112
Property Features for 90 Park Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 7, Bedroom 11, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 9, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 10, Bathroom 4, Basement
- Standard status
- Active
- Size
- 3,692 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14217
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1700
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agency
KELLER WILLIAMS TEAM REALTY
(973) 253-2800
Listed by
ALICIA ALARCON
(973) 253-2800
Added: Apr 2 Updated: Jul 13 at 11:25AM Checked: Jul 22 at 1:06PM
MLS# 4018267
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-family property includes three residential units with high ceilings throughout. Unit 1 offers 3 bedrooms, a living room, kitchen, and a full bath and is currently vacant. Unit 2 offers 4 bedrooms, a living room, kitchen, and a full bath and is also vacant. Unit 3 offers 4 bedrooms, a living room, kitchen, and a full bath and is currently operating on a month-to-month basis.
The property also features a partially finished basement with a full bathroom and three bonus rooms. Utilities are fully separate, supported by three boilers and four meters. The building is located in Paterson City, Passaic County, with convenience to NJ Transit trains and direct NYC bus routes, along with access to major highways including I-80, Route 19, and the Garden State Parkway.
The layout can suit an owner-occupant or investor looking for multiple units under one roof, with the benefit of separate utilities for each unit. The basement configuration adds extra flex space with its own full bathroom. The property is being sold as-is.
The property also features a partially finished basement with a full bathroom and three bonus rooms. Utilities are fully separate, supported by three boilers and four meters. The building is located in Paterson City, Passaic County, with convenience to NJ Transit trains and direct NYC bus routes, along with access to major highways including I-80, Route 19, and the Garden State Parkway.
The layout can suit an owner-occupant or investor looking for multiple units under one roof, with the benefit of separate utilities for each unit. The basement configuration adds extra flex space with its own full bathroom. The property is being sold as-is.
Key Highlights
- 3‑family on the Eastside of Paterson with high ceilings throughout
- Unit mix: Unit 1 has 3 bedrooms; Units 2 and 3 each have 4 bedrooms, with living room, kitchen, and full bath
- Unit 1 and Unit 2 are vacant; Unit 3 is currently month‑to‑month
Local 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 | $94.4k | $25.56 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $88.3k | $23.91 |
| − OpEx | −$26.5k | −$7.17 |
| NOI | $61.8k | $16.74 |
3,692 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$882.7K
$772.4K – $1.03M
NOI $61,790 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$811.1K
$709.7K – $946.3K
NOI $56,776 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$964.1K
$843.6K – $1.12M
NOI $67,484 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate units with fully separate utilities and a partially finished basement with additional rooms and a full bath.
Where is this triplex located?
The property is located at 90 Park Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 3‑family on the Eastside of Paterson with high ceilings throughout; Unit mix: Unit 1 has 3 bedrooms; Units 2 and 3 each have 4 bedrooms, with living room, kitchen, and full bath; Unit 1 and Unit 2 are vacant; Unit 3 is currently month‑to‑month
