Two-Family Residential Income
For Sale
$480,000
167 Liberty St, Paterson, NJ 07522
Two-family property with 1-bedroom units, each with living room, kitchen, and full bathroom.
Property Size1,677 SF
Price / SF$286.23
Days on Market97
Property Features for 167 Liberty St
General Information
Standard status
Active
Size
1,677 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
EXP REALTY, LLC
Listed By:
HUGO MEZA · License #276489
(973) 771-5995
Source:
Luminancerealty
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 5 at 10:09PM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units, each featuring one bedroom, a living room, a kitchen, and a full bathroom.
The building is located in Paterson, New Jersey, with walkability rated as very walkable and transit rated as good, according to the provided Walk Score and Transit Score information.
The unit layouts are consistent across both apartments, supporting straightforward leasing and day-to-day management for an owner or investor.
The building is located in Paterson, New Jersey, with walkability rated as very walkable and transit rated as good, according to the provided Walk Score and Transit Score information.
The unit layouts are consistent across both apartments, supporting straightforward leasing and day-to-day management for an owner or investor.
Key Highlights
- 2‑family property built in 1950
- Each unit offers 1 bedroom, a living room, a kitchen, and a full bathroom
- Walk Score 76 (very walkable) and Transit Score 52 (good transit), per provided scores
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,067
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,340
$561.3K
Cap Rate 7%
$400,957
$401.0K
Cap Rate 9%
$311,856
$311.9K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$42.9K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.1K $23.91/SF
− OpEx
−$12.0K −$7.17/SF
NOI
$28.1K $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 Rate 5%
$561,340
Cap Rate 7%
$400,957
Cap Rate 9%
$311,856
Alternative Uses
Best Use
Multifamily LT 5
$401.0K
$350.8K – $467.8K
NOI $28,067 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$368.4K
$322.4K – $429.8K
NOI $25,789 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$437.9K
$383.2K – $510.9K
NOI $30,653 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
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Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with 1-bedroom units, each with living room, kitchen, and full bathroom.
Where is this duplex located?
The property is located at 167 Liberty St Paterson, NJ.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2‑family property built in 1950; Each unit offers 1 bedroom, a living room, a kitchen, and a full bathroom; Walk Score 76 (very walkable) and Transit Score 52 (good transit), per provided scores
