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New Construction Multifamily Property
For Sale
$950,000

120 Madison Street, Paterson, NJ 07501

Contemporary residence with high ceilings, large bedrooms, and a functional interior layout.

Property SizeContact for details
Days on Market29

Property Features for 120 Madison Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $2,000

Building Details

Buildings 1
Listing Agency: Prestige Property Group - Montclair
Listed By: Yodelsy De La Cruz
Source: Tarvinrealtors
Added: Sep 15 Changed: Oct 6 Last Checked: Oct 12 at 11:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prestige Property Group - Montclair

Investment Insights

Based on property information with market context.

This newly built multifamily property at 120 Madison Street features a contemporary residence planned around comfortable daily living. Interior details include high ceilings, generously sized bedrooms, and an efficient layout designed for practical use.

The property is positioned near shopping, schools, major highways, and public transportation in Paterson. Additional ownership considerations include a 5-year tax abatement and a 10-year builder warranty.

Key Highlights

  • Brand‑new construction
  • High ceilings and generously sized bedrooms
  • Functional contemporary interior layout

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Catering Service Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,613
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Contemporary residence with high ceilings, large bedrooms, and a functional interior layout.
Where is this multifamily property located?
The property is located at 120 Madison Street Paterson, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Brand‑new construction; High ceilings and generously sized bedrooms; Functional contemporary interior layout
More about this property
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