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Two-Unit Duplex with Basement
For Sale
$424,000

202 Atlantic St Paterson, Paterson, NJ 07503

Separate utilities, gas systems, and a fenced rear yard support practical two-unit operation.

Property SizeContact for details
Days on Market40

Property Features for 202 Atlantic St Paterson

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

Fuel: Gas-Natural
Heating: 2 Units, Forced Hot Air
Range/Oven - Gas
Refrigerator
Porch, Electric, Gas-Natural, Asphalt Shingle
Listing Agency: Carnegie Real Estate LLC
Listed By: Jason Shagawat · License #0998944
Source: Kw
Added: Aug 19 Changed: Sep 26 Last Checked: Sep 26 at 1:13PM

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 Carnegie Real Estate LLC

Investment Insights

Based on property information with market context.

This legal two-family duplex includes two separately configured residences, each with 1 bedroom and 1 full bath. Both units have individual utilities and heating systems, while the full basement adds storage and utility space. The property also includes a gas range, refrigerator, porch, asphalt-shingle roof, and fenced rear yard.

Recent work includes newer water heaters, updated heating systems, and a newer roof. The upper unit has refreshed interior finishes, including updated flooring, providing a more current living environment. Natural-gas service and forced-hot-air heating serve the building through two units.

Located at 202 Atlantic St in Paterson, NJ, the property is described as being near shopping, dining, transportation, schools, and major roadways.

Key Highlights

  • Legal 2‑family duplex with 2 separate residences
  • Each unit has 1 bedroom and 1 full bath
  • Full basement provides storage and utility space

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Skin Care Clinic Accounting Firm Florist (Bike/Boat/Book/etc) Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,148
Businesses Nearby

Demographics for 07503, NJ

19,893
Population
6,560
Households
3
Avg Household Size
35
Median Age
15%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
13,262
Density / Sq Mi
$60,295
Median Household Income
$35,611
Median Earnings
$1,605
Median Rent
$314,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Separate utilities, gas systems, and a fenced rear yard support practical two-unit operation.
Where is this duplex located?
The property is located at 202 Atlantic St Paterson Paterson, NJ.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: Legal 2‑family duplex with 2 separate residences; Each unit has 1 bedroom and 1 full bath; Full basement provides storage and utility space
More about this property
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