Renovated Duplex with Finished
For Sale
$565,000
153 Arlington Ave, Paterson, NJ 07502
SINGLE_FAMILY - Paterson City, NJ
Property Size1,749 SF
Lot Size0.11 Acres
Price / SF$323.04
Days on Market63
Property Features for 153 Arlington Ave
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Dining Room, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bedroom 4
Parking
3
Interior features
Smoke Detector, Walk-In Closet
Exterior features
Storm Window(s), Wood Fence
Fencing
Wood
Fireplace
1
Appliances
Carbon Monoxide Detector, Dishwasher, Range/Oven-Gas, Refrigerator
Lot features
Level Lot
Elementary school
NUMBER 27
High school
JFK
Directions
Union Ave to Arlington Ave & Chamberline Ave to Arlington Ave
Standard status
Active
Size
1,749 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10739
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
finished basement
sun room
detached garage
Building Details
Year built
1950
Flooring type
Tile, Wood
Roof type
Shingle
Architectural style
Other, Cape Cod
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
GOLAM HASSAN
(973) 686-7777
Added: Jun 10
Changed: Aug 10
Last Checked: Aug 11 at 4:06AM
MLS# 4033654
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 Cape Cod-style duplex was built in 1950 and includes 1,749 square feet on a 0.11-acre lot. The property has been fully renovated and offers four bedrooms, dining and living rooms, a sun room, and a finished full basement. A detached garage and fenced yard provide additional property features, while wood and tile flooring, a shingle roof, storm windows, and a fireplace are also included.
Public water and public sewer serve the property. Interior features include a walk-in closet and smoke detector, with a gas range/oven, refrigerator, dishwasher, and carbon monoxide detector among the listed appliances. The property is located near schools and public transportation. Flood insurance may be required by a lender.
Public water and public sewer serve the property. Interior features include a walk-in closet and smoke detector, with a gas range/oven, refrigerator, dishwasher, and carbon monoxide detector among the listed appliances. The property is located near schools and public transportation. Flood insurance may be required by a lender.
Key Highlights
- Fully renovated duplex with 1,749 square feet
- 0.11‑acre lot with a fenced yard
- Finished full basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,440
$585.4K
Cap Rate 7%
$418,171
$418.2K
Cap Rate 9%
$325,244
$325.2K
Market Conditions
NOI Build-Up for 1,749 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.7K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.8K $23.91/SF
− OpEx
−$12.5K −$7.17/SF
NOI
$29.3K $16.74/SF
Area
Paterson, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,440
Cap Rate 7%
$418,171
Cap Rate 9%
$325,244
Alternative Uses
Best Use
Multifamily LT 5
$418.2K
$365.9K – $487.9K
NOI $29,272 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,896 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
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
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 - Cape Cod-style duplex with a detached garage, sun room, and convenient access to schools and public transportation.
Where is this duplex located?
The property is located at 153 Arlington Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fully renovated duplex with 1,749 square feet; 0.11‑acre lot with a fenced yard; Finished full basement
