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    171 Temple St Paterson, NJ 07522

    For Sale
    $900,000

    Six-unit building in Paterson, generating strong rental income.

    Lot size:
    0.07 Acres

    Property Features for 171 Temple St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1975

    Source: PRESTIGE PROPERTY GROUP MONTCLAIR Agent HERI CALCANO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Paterson Multifamily Investment Opportunity

    This six-unit multifamily building is located in Paterson. Each unit includes one bedroom and one bathroom. All six units are currently rented at $1,500 per month. The property is positioned as an income-producing opportunity for investors, with potential for strong cash flow due to steady rental income and high demand in the area. The location offers convenient access to major highways, public transportation, shopping, and dining, making it an attractive option for tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1782746
    Latitude
    40.927327

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building in Paterson, generating strong rental income.
    Where is this apartment building located?
    The property is located at 171 Temple St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Strong Cash Flow: Generates $1,500 per month per unit from 6 rented units.; - Income-Producing Opportunity: Ideal for investors seeking immediate returns.; - High Demand Location: Situated in a desirable area of Paterson.
    (973) 860-7595
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    171 Temple St Paterson, NJ 07522
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