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    56 York St Paterson, NJ 07524

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    For Sale
    $549,000

    Two-family property with solid tenants, convenient location.

    Source: Coldwell Banker, Clifton

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

    Overview

    Income-Producing Two-Family Property

    This income-producing two-family property is in great condition, with both units currently rented and occupied by reliable tenants. The property features separate utilities for each unit. Its location offers convenient access to shopping, schools, and transportation. This property is suitable for investors seeking steady cash flow or first-time buyers looking to offset mortgage costs.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1584016
    Latitude
    40.9290052

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    FAQs

    What type of property is this?
    Duplex - Two-family property with solid tenants, convenient location.
    Where is this duplex located?
    The property is located at 56 York St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Income-producing 2-family property, great for generating revenue.; - Both units are currently rented with solid tenants, ensuring immediate cash flow.; - Separate utilities for each unit offer ease of management.
    (201) 660-4227
    Request Owner's contact information
    56 York St Paterson, NJ 07524
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    Paterson, NJ 07524
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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
    56 York St Paterson, NJ 07524
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