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    131 N 33Rd St, Unit 3 Paterson, NJ 07522

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    For Sale
    $650,000

    Fully renovated, income-generating three-family home near Great Falls.

    Lot size:
    0.08 Acres

    Property Features for 131 N 33Rd St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1978

    Source: GOYBURU REALTY, LLC Agent CARLOS GOYBURU

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

    Overview

    Renovated Three-Family Home Near Great Falls

    This renovated three-family home presents an excellent investment opportunity. Located minutes from the Great Falls, the property features luxury vinyl plank floors, updated kitchens and appliances, renovated bathrooms, and fresh paint. The first-floor unit includes 1 bedroom and 1 bathroom. The second-floor unit offers 2 bedrooms and 1 bathroom. The third-floor unit features 4 bedrooms and 1 bathroom. The property has the potential to generate close to $7,000.00 per month in rental income. The property also has a driveway and a one-car garage. This property is suited for investors seeking cash flow or for owner-occupiers looking to offset mortgage costs.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.141695
    Latitude
    40.918697

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    FAQs

    What type of property is this?
    Triplex - Fully renovated, income-generating three-family home near Great Falls.
    Where is this triplex located?
    The property is located at 131 N 33Rd St, Unit 3 Paterson, NJ.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Fully renovated 3-family home, turn-key and ready for immediate rental income.; - High income potential, currently commanding close to $7,000/month.; - Opportunity to live in one unit and rent the others to cover mortgage costs.
    (973) 530-4056
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    131 N 33Rd St, Unit 3 Paterson, NJ 07522
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    Paterson, NJ 07522
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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
    131 N 33Rd St, Unit 3 Paterson, NJ 07522
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