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Updated Three-Unit Triplex
For Sale
$575,000
Pending

21 Olive Street, Paterson, NJ 07501

Updated interiors, natural light, and generous kitchens define the three independent apartments.

Property SizeContact for details
Days on Market162

Property Features for 21 Olive Street

General Information

Standard status Pending
Property subtype Multi Family / 3-Three Story

Units

Unit Mix 3 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,816

Amenities

Yes
side entrance
Asphalt Shingle
Full, Unfinished
Aluminum Siding

Building Details

Year Built 1950
Listing Agency: REALTY ONE GROUP SUNRISE
Listed By: RICHARD HOLGUIN · License #407947
Source: Compass
Added: Mar 23 Changed: Aug 29 Last Checked: Aug 29 at 1:42PM

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 REALTY ONE GROUP SUNRISE

Investment Insights

Based on property information with market context.

This triplex at 21 Olive Street includes three independent apartments, each configured with 2 bedrooms and a generously sized kitchen. Interior upgrades, natural light, and inviting living areas contribute to the property's updated presentation. A side entrance and full, unfinished basement are also noted among the interior features.

Built in 1950, the property has aluminum siding and an asphalt shingle roof. Its three-unit configuration offers distinct residential spaces within one building, with each apartment maintaining its own layout and kitchen area.

Key Highlights

  • Three independent residential units
  • Each apartment includes 2 bedrooms
  • Generously sized kitchens in all three units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Catering Service

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

3,337
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Updated interiors, natural light, and generous kitchens define the three independent apartments.
Where is this triplex located?
The property is located at 21 Olive Street Paterson, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three independent residential units; Each apartment includes 2 bedrooms; Generously sized kitchens in all three units
More about this property
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