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    171 Hamilton Ave Paterson, NJ 07501

    For Sale
    $699,000

    Two-family home with in-law suite, great rental income potential.

    Lot size:
    0.06 Acres

    Property Features for 171 Hamilton Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2010

    Source: PARKVIEW REAL ESTATE, LLC Agent THALIA FONTAINA

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

    Overview

    Spacious Two-Family Home with In-Law

    This spacious two-family home features great curb appeal. The first-floor unit has an open layout with a living room, dining room, renovated kitchen, three bedrooms, two bathrooms, and a laundry unit. The second-floor unit includes a living room, dining room, modern kitchen, three bedrooms, two bathrooms, a laundry unit, and hardwood floors throughout. The lower level features an in-law suite with a living room, two bedrooms, and a bathroom. The property has central air and heat, separate utilities, and a one-car garage. This property presents a great investment opportunity to generate rental income from both units or live in one unit and collect rent from the second unit.
    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 Clothing Store Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.164045
    Latitude
    40.920363

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    FAQs

    What type of property is this?
    Triplex - Two-family home with in-law suite, great rental income potential.
    Where is this triplex located?
    The property is located at 171 Hamilton Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Two-family home offering rental income potential or owner-occupancy.; - First and second floor units each feature 3 bedrooms and 2 bathrooms.; - In-law suite in the lower level with living room, 2 bedrooms, and bathroom.
    (201) 766-8700
    Request Owner's contact information
    171 Hamilton Ave 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
    171 Hamilton Ave Paterson, NJ 07501
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