Multi-Family Property with Basement
For Sale
$549,000
Pending
205 E 24Th St, Paterson, NJ 07514
Well-maintained multifamily with spacious units, separate utilities, and a basement bonus bedroom and bath with walkout access.
Property SizeContact for details
Days on Market50
Property Features for 205 E 24Th St
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,854
Building Details
Year Built
1978
Units
2
Tenancy
Multi
Listing Agency:
Realty ONE Group Legend
(973) 686-7777
Listed By:
APRIL LAZO
Source:
Elliman
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 10 at 7:13AM
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 Realty ONE Group Legend
Investment Insights
Based on property information with market context.
This well-maintained multifamily property is set up to support independent living arrangements, with spacious units and separate utilities. The home includes an additional bonus bedroom and bathroom in the basement, featuring walkout access, which can add flexibility for a tenant or owner-occupant. The property is also described as sitting on a generous lot.
Located in Paterson’s Riverside neighborhood, the property is reported to be convenient to schools, parks, shopping, public transportation, and major highways, supporting day-to-day accessibility. Walkability is noted as very walkable, and transit is described as some transit, with bikeability listed as bikeable.
For buyers, this layout can be a practical fit for those looking to manage rental income alongside their own occupancy, given the separate utilities and multi-unit configuration. Owner-occupants may also value the bonus basement bedroom and bathroom with walkout access for additional space or flexible use, while investors can review the unit and utility setup when evaluating rental operations.
Located in Paterson’s Riverside neighborhood, the property is reported to be convenient to schools, parks, shopping, public transportation, and major highways, supporting day-to-day accessibility. Walkability is noted as very walkable, and transit is described as some transit, with bikeability listed as bikeable.
For buyers, this layout can be a practical fit for those looking to manage rental income alongside their own occupancy, given the separate utilities and multi-unit configuration. Owner-occupants may also value the bonus basement bedroom and bathroom with walkout access for additional space or flexible use, while investors can review the unit and utility setup when evaluating rental operations.
Key Highlights
- Built in 1978
- Well‑maintained multifamily property with spacious units
- Separate utilities for each unit
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 07514, NJ
19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
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?
Multifamily property - Well-maintained multifamily with spacious units, separate utilities, and a basement bonus bedroom and bath with walkout access.
Where is this multifamily property located?
The property is located at 205 E 24Th 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: Built in 1978; Well‑maintained multifamily property with spacious units; Separate utilities for each unit
