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    154 Butler St Paterson, NJ 07524

    For Sale
    $699,000

    Renovated three-family property with separate utilities, ideal for investors.

    Lot size:
    0.04 Acres

    Property Features for 154 Butler St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1939

    Source: COLDWELL BANKER REALTY RDG Agent SYLVIA ESKANDER

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

    Overview

    Turnkey Three-Family Investment Property

    This renovated three-family property features three private units, each containing 2 bedrooms and 1 bathroom. The property is designed for efficiency, with separate meters and boilers for each apartment, enabling tenants to manage their own utilities. This setup streamlines responsibilities and maximizes profit. The property is located in Paterson, NJ.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -74.1594405
    Latitude
    40.9301743

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    FAQs

    What type of property is this?
    Triplex - Renovated three-family property with separate utilities, ideal for investors.
    Where is this triplex located?
    The property is located at 154 Butler St 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: - Turnkey, fully renovated 3-family property ready for immediate occupancy and rental income.; - Each unit has 2 bedrooms and 1 bathroom, appealing to a wide range of renters.; - Separate meters and boilers for each unit simplify management.
    (201) 445-9400
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    154 Butler 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
    154 Butler St Paterson, NJ 07524
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