Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    129 Park Ave Paterson, NJ 07501

    For Sale
    $725,000

    Recently renovated three-family home, ideal for investors or owner-occupants.

    Lot size:
    1.00 Acre

    Property Features for 129 Park Ave

    General Information

    Lot size
    1.00 Acre

    Building Details

    Year built
    9999

    Source: REALTY OF AMERICA Agent MEILYN TORRES

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

    Overview

    Renovated Three-Family Home in Paterson

    This recently renovated legal three-family home is located in Paterson. The property features three updated units, each offering functional layouts with modern finishes. This property presents an opportunity for investors seeking reliable cash flow or for an owner-occupant looking to offset expenses by renting the additional units. The property has separate utilities and a convenient location near schools, shopping, and transportation.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1609509
    Latitude
    40.915337

    Nearby Similar for Sale

    • $830,000
      0.08 Acres

      Modern Two-Family Home in Paterson

      Stunning, modern two-family home with finished ground level.
      61 N 5Th St, Paterson, NJ 07522
      View Details
    • $775,000
      0.25 Acres

      Spacious Multi-Family Home, Paterson City

      Six-bedroom home with finished basement, convenient location in Paterson City.
      274 W Broadway, Paterson, NJ 07522
      View Details
    • $819,000
      0.06 Acres

      Multi-Family Mixed-Use Building

      Three-story mixed-use property with bodega and renovated apartments.
      609 Madison Ave, Paterson, NJ 07514
      View Details
    • $629,000
      Pending

      Renovated Two-Family Home in Paterson

      Renovated two-family home in Paterson with investment potential.
      102 Oxford St, Paterson, NJ 07522
      View Details
    • New
      $1,990,000
      5,300 SF

      Paterson Mixed-Use Investment Opportunity

      Nine-unit building with commercial and residential spaces in downtown Paterson.
      153-155 Ellison St, Paterson, NJ 07505
      View Details
    • $680,000
      Pending

      Spacious Multi-Family Home, Paterson City

      Well-maintained 2-family home with 8 bedrooms and updated features.
      58 Park Ave, Paterson, NJ 07501
      View Details

    FAQs

    What type of property is this?
    Triplex - Recently renovated three-family home, ideal for investors or owner-occupants.
    Where is this triplex located?
    The property is located at 129 Park Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Legal 3-family home: Provides immediate rental income potential.; - Recently renovated: Minimizes immediate maintenance costs and attracts quality tenants.; - Separate utilities: Simplifies expense management and tenant billing.
    (833) 256-4244
    Request Owner's contact information
    129 Park Ave Paterson, NJ 07501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    129 Park Ave
    Paterson, NJ 07501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    129 Park Ave Paterson, NJ 07501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.