Renovated Two-Unit
For Sale
$499,000
122 Spruce St, Paterson, NJ 07501
Separate leases include a term lease upstairs and month-to-month occupancy below.
Property SizeContact for details
Days on Market8
Property Features for 122 Spruce St
General Information
Standard status
Active
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,359
Building Details
Year Built
1940
Units
2
Tenancy
Multi
Listing Agency:
Your Town Realty
(973) 865-5050
Listed By:
RONNIE GLOMB · License #790072
Source:
Elliman
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 3:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Your Town Realty
Investment Insights
Based on property information with market context.
Built in 1940, this two-family property at 122 Spruce St in Paterson, NJ includes two residential units. The upper apartment was recently renovated and is leased through July 1, 2027. The lower apartment is occupied by a long-term tenant under a month-to-month lease.
The property is positioned near Main Street and local shopping, with transit, walking, and biking scores provided for the surrounding area. Its reported BikeScore is 46, WalkScore is 0, and TransitScore is 51. The combination of two separate apartments and differing lease terms provides a clear overview of the current occupancy arrangement.
The property is positioned near Main Street and local shopping, with transit, walking, and biking scores provided for the surrounding area. Its reported BikeScore is 46, WalkScore is 0, and TransitScore is 51. The combination of two separate apartments and differing lease terms provides a clear overview of the current occupancy arrangement.
Key Highlights
- Two‑family property at 122 Spruce St, Paterson, NJ
- Upper unit recently renovated and leased through July 1, 2027
- Lower unit occupied by a long‑term tenant on a month‑to‑month lease
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 07501, NJ
37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate leases include a term lease upstairs and month-to-month occupancy below.
Where is this duplex located?
The property is located at 122 Spruce St Paterson, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑family property at 122 Spruce St, Paterson, NJ; Upper unit recently renovated and leased through July 1, 2027; Lower unit occupied by a long‑term tenant on a month‑to‑month lease
