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Triplex with Finished Basement

163 Fair St #3, Paterson, NJ 07501

For Sale
$874,999

Each apartment is occupied and has its own gas and electric meters.

Property SizeContact for details
Days on Market144

Property Features for 163 Fair St #3

General Information

Standard status Active
Property subtype Multi Family Home
Occupancy 100%
Net Operating Income $60,732

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 3BR, 4BR
Multifamily Units 3
Individually Metered Utilities gas, electric

Additional Details

Tenant in Place Yes

Amenities

Carbon Monoxide Detector
Security System
Smoke Detector
Open Porch(es)
Patio

Building Details

Year Built 2015
Buildings 1
Units 3
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Ricardo Harrison
Source: Culturaunitedrealty
Added: Jun 20 Changed: Nov 7 Last Checked: Nov 10 at 4:14PM

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 Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

Built in 2015, this three-unit property includes a finished basement and a mix of two three-bedroom apartments and one four-bedroom apartment. All three units are tenant-occupied, and gas and electric service is separately metered for each apartment.

The property is near shops, restaurants, schools, and parks, with access to public transportation.

Key Highlights

  • Three apartments: two 3‑bedroom units and one 4‑bedroom unit
  • Finished basement
  • Built in 2015

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,566
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Triplexes in Paterson, NJ

$415 Jul
$656 Aug
$236 Sep
$181 Oct

Properties on Market for Triplexes in Paterson

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each apartment is occupied and has its own gas and electric meters.
Where is this triplex located?
The property is located at 163 Fair St #3 Paterson, NJ.
What is the asking price?
The asking price for this property is $874,999.
What are key features of this property?
This property features: Three apartments: two 3‑bedroom units and one 4‑bedroom unit; Finished basement; Built in 2015
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