Search
Triplex with Finished Basement
New
For Sale
$679,000

124 Albion Ave, Paterson, NJ 07502

Multi-Family, 3-Three Story, Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market7

Property Features for 124 Albion Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Basement
Directions Use Google Maps
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10131

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Other (Heating)
Water source Public

Amenities

backyard

Building Details

Year built 1950
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: REALTY ONE GROUP LEGEND
Listed By: JOHNNY RODRIGUEZ · License #287215
Added: Sep 21 Changed: Sep 26 Last Checked: Sep 27 at 2:06PM
MLS# 4054080

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1950-built triplex has three residential floors, each arranged with a kitchen, living room, and full bathroom. The first and second floors each include two bedrooms; the third has one. A finished basement adds a bonus room and full bath, while the second floor also has a bonus room. The property includes a backyard on a 0.06-acre lot.

Public water and sewer serve the property. Nearby destinations include Hinchliffe Stadium and Paterson Great Falls National Historical Park, along with shopping, schools, and houses of worship.

Key Highlights

  • Three residential floors, each with a kitchen, living room, and full bath
  • Finished basement with bonus room and full bath
  • Second‑floor bonus room

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Catering Service Veterinary Clinic Pet Grooming Service Nursing Home (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,305
Businesses Nearby

Demographics for 07502, NJ

16,592
Population
4,861
Households
3.4
Avg Household Size
35
Median Age
17%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
18,436
Density / Sq Mi
$68,649
Median Household Income
$32,407
Median Earnings
$1,492
Median Rent
$347,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Each of the three residential floors has a kitchen, living room, and full bathroom.
Where is this triplex located?
The property is located at 124 Albion Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Three residential floors, each with a kitchen, living room, and full bath; Finished basement with bonus room and full bath; Second‑floor bonus room
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message