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Three-Unit Property with Basement
For Sale
$699,000
Pending

192 Edmund Avenue, Paterson, NJ 07502

Well-maintained triplex with separate utilities, month-to-month occupancy, and additional finished basement space.

Property Size580 SF
Days on Market140

Property Features for 192 Edmund Avenue

General Information

Standard status Pending
Size 580 SF
Property subtype Multi Family / 3-Three Story
Net Operating Income $51,000

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,918

Amenities

Yes
Asphalt Shingle
Wood Floors
Finished-Partially, Full
Aluminum Siding

Building Details

Year Built 1940
Listing Agency: WEICHERT REALTORS
Listed By: STEVEN A BROWN JR · License #304264
Source: Compass
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 4:19AM

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 WEICHERT REALTORS

Investment Insights

Based on property information with market context.

This 1940 triplex at 192 Edmund Avenue in Paterson includes three residential units, each with approximately 580 square feet arranged with two bedrooms, one full bathroom, a living room, and an eat-in kitchen. Gas stoves and refrigerators serve the units, while aluminum siding and baseboard heating are part of the property’s existing improvements.

The first-floor residence connects to a full basement with a bathroom, recreation area, workshop, washer and dryer, utility sink, and storage space. Separate building systems include three gas meters, three electric panels, and three furnaces. Tenancies are month-to-month, and the property does not have central air conditioning; tenants own window units.

Key Highlights

  • Three‑family property with three units, each approximately 580 sq ft
  • Each unit includes 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen
  • First‑floor unit has access to a full basement with bathroom, recreation area, and workshop

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Catering Service Skin Care Clinic Florist (Bike/Boat/Book/etc) Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,001
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained triplex with separate utilities, month-to-month occupancy, and additional finished basement space.
Where is this triplex located?
The property is located at 192 Edmund Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑family property with three units, each approximately 580 sq ft; Each unit includes 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen; First‑floor unit has access to a full basement with bathroom, recreation area, and workshop
More about this property
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