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    162 Lyon St Paterson, NJ 07524

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    For Sale
    $548,000

    Two legal units plus finished basement near shopping and highways.

    Lot size:
    0.06 Acres

    Property Features for 162 Lyon St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    9999

    Source: WEICHERT REALTORS Agent GENESIS GARCIA

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

    Overview

    Multifamily Property with Finished Basement

    This multifamily property features two legal units and a fully finished basement. The units are designed for comfort and convenience, offering flexible living options and rental potential. The property is located near shopping centers, major highways, and local amenities. This location provides accessibility and income potential. The property allows the option to live in one unit while renting the other, or to lease both units.
    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
    -74.1575013
    Latitude
    40.9287124

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    FAQs

    What type of property is this?
    Duplex - Two legal units plus finished basement near shopping and highways.
    Where is this duplex located?
    The property is located at 162 Lyon St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $548,000.
    What are key features of this property?
    This property features: - Two legal units plus a fully finished basement.; - Excellent rental potential or flexible living options.; - Located near shopping centers, major highways, and local amenities.
    (973) 539-8000
    Request Owner's contact information
    162 Lyon 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
    162 Lyon St Paterson, NJ 07524
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