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    498 Summer St Paterson, NJ 07501

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    For Sale
    $499,900

    Two-family house with separate utilities, finished basement and attic.

    Lot size:
    0.04 Acres

    Property Features for 498 Summer St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1950

    Source: CASA REAL PROPERTY GROUP LLC Agent NANCY PAVIC

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

    Overview

    Two-Family House with Finished Basement

    This is a two-family house featuring a finished basement and attic. Each unit has separate utilities. The property is being sold in as-is condition.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -74.1637411
    Latitude
    40.9104774

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    FAQs

    What type of property is this?
    Duplex - Two-family house with separate utilities, finished basement and attic.
    Where is this duplex located?
    The property is located at 498 Summer St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Two-family house: Ideal for rental income or multi-generational living.; - Separate utilities: Tenants pay their own utilities, reducing landlord expenses.; - Finished basement: Provides additional living space.
    (973) 684-1110
    Request Owner's contact information
    498 Summer 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
    498 Summer St Paterson, NJ 07501
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