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    63 Pearl St Paterson, NJ 07501

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    For Sale
    $499,000

    Income-generating two-family home with bonus unit near transportation and amenities.

    Lot size:
    0.06 Acres

    Property Features for 63 Pearl St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1960

    Source: ESSENTIAL REAL ESTATE Agent JUAQUANNA GAINES

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

    Overview

    Two-Family Home with Bonus Unit

    This two-family home includes a bonus unit and is currently generating $5,000 per month. The property is located minutes from Market & Ward Station, NJ Transit buses to NYC, schools, and downtown Paterson, which features eateries and local shopping. Recent updates have been made to the property.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant 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
    -74.163223
    Latitude
    40.9166833

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    FAQs

    What type of property is this?
    Duplex - Income-generating two-family home with bonus unit near transportation and amenities.
    Where is this duplex located?
    The property is located at 63 Pearl St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Generates $5,000 per month in rental income with potential for growth.; - Includes a bonus unit, offering additional income or living space.; - Prime location near Market & Ward Station and NJ Transit buses to NYC.
    (973) 860-7018
    Request Owner's contact information
    63 Pearl St Paterson, NJ 07501
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    Paterson, NJ 07501
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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
    63 Pearl St Paterson, NJ 07501
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