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    338-340 Ellison St Paterson, NJ 07501

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    For Sale
    $549,000

    Two-family home ideal for investors or first-time buyers.

    Source: Coldwell Banker, Clifton

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

    Overview

    Versatile Two-Family Home For Sale

    This two-family home presents an opportunity for investors and first-time home buyers. The property is suitable for generating cash flow or for owner-occupancy of one unit while renting the other. Each unit features a spacious layout and separate utilities. The property is characterized by low maintenance, making it a potential portfolio addition or a first home with income-generating possibilities.
    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
    -74.16257
    Latitude
    40.91705

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    FAQs

    What type of property is this?
    Duplex - Two-family home ideal for investors or first-time buyers.
    Where is this duplex located?
    The property is located at 338-340 Ellison St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Two separate units offer flexibility for rental income or owner-occupancy.; - Separate utilities for each unit simplify management and tenant billing.; - Spacious layouts in both units provide comfortable living spaces.
    (201) 660-4227
    Request Owner's contact information
    338-340 Ellison 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
    338-340 Ellison St Paterson, NJ 07501
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