Renovated Two-Family
For Sale
$499,999
168 N Main St, Paterson, NJ 07522
Two residences combine updated interiors, practical layouts, and dedicated or in-unit laundry.
Property Size1,712 SF
Price / SF$292.06
Days on Market62
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 168 N Main St
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Multi-Family
Units
Unit Mix
2BR/1BA + office, 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
washer/dryer
Building Details
Year Built
1888
Buildings
1
Listing Agency:
KELLER WILLIAMS PROSPERITY REALTY
Listed By:
DAVID EDWIN ARTEAGA · License #397730
(973) 696-0077
Source:
Luminancerealty
Added: Aug 15
Changed: Oct 12
Last Checked: Oct 15 at 3:39AM
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 KELLER WILLIAMS PROSPERITY REALTY
Investment Insights
Based on property information with market context.
This two-family duplex offers a first-floor residence with two bedrooms, a separate office, and one full bathroom. The upper residence includes three bedrooms, one bathroom, an open living arrangement, and a modern kitchen with an island. Both units feature updated interior finishes, with laundry provided through a basement washer and dryer for the first-floor unit and an in-unit washer and dryer upstairs.
The building has brand-new furnaces and boilers and was originally constructed in 1888. Located at 168 N Main St in Paterson, the property is near schools, shopping, and public transportation. Its two-unit configuration and distinct layouts accommodate residential use across both floors.
The building has brand-new furnaces and boilers and was originally constructed in 1888. Located at 168 N Main St in Paterson, the property is near schools, shopping, and public transportation. Its two-unit configuration and distinct layouts accommodate residential use across both floors.
Key Highlights
- Two‑family duplex with a 2‑bedroom first‑floor unit and a 3‑bedroom second‑floor unit
- First‑floor residence includes a dedicated office and basement laundry access
- Second‑floor unit offers an open layout and kitchen island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,652
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,040
$573.0K
Cap Rate 7%
$409,314
$409.3K
Cap Rate 9%
$318,356
$318.4K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$43.8K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.9K $23.91/SF
− OpEx
−$12.3K −$7.17/SF
NOI
$28.7K $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%
$573,040
Cap Rate 7%
$409,314
Cap Rate 9%
$318,356
Alternative Uses
Best Use
Multifamily LT 5
$409.3K
$358.2K – $477.5K
NOI $28,652 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$376.1K
$329.1K – $438.8K
NOI $26,327 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences combine updated interiors, practical layouts, and dedicated or in-unit laundry.
Where is this duplex located?
The property is located at 168 N Main St Paterson, NJ.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two‑family duplex with a 2‑bedroom first‑floor unit and a 3‑bedroom second‑floor unit; First‑floor residence includes a dedicated office and basement laundry access; Second‑floor unit offers an open layout and kitchen island
