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Triplex with Unfinished Basement
For Sale
$569,000

224 Lawrence St, Paterson, NJ 07501

Three residential levels include a kitchenette-equipped upper apartment and a spacious basement with high ceilings.

Property SizeContact for details
Days on Market75

Property Features for 224 Lawrence St

General Information

Standard status Active
Property subtype Multi Family Home

Property Condition

Severity Repairs Needed
Evidence with just a little TLC

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 2 x 3BR/1BA, 1 x 2 rooms/1BA with kitchenette
Multifamily Units 3

Amenities

Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector

Building Details

Year Built 1950
Units 2
Listing Agency: Keller Williams Village Square
Listed By: Christopher A. James
Source: Culturaunitedrealty
Added: Aug 10 Changed: Oct 23 Last Checked: Oct 23 at 5:11PM

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 Village Square

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Investment Insights

Based on property information with market context.

This Paterson triplex has two lower floors, each configured with 3 bedrooms and 1 bathroom. The upper level contains 2 rooms, a full bathroom, and a kitchenette. An unfinished basement adds high-ceilinged open space. The property was built in 1950.

Positioned at the end of a dead-end street, the home has access to public transportation into NYC, major highways, shopping, restaurants, schools, and parks.

Key Highlights

  • First and second floors each have 3 bedrooms and 1 bathroom
  • Third floor includes 2 rooms, a full bathroom, and a kitchenette
  • Unfinished basement with high ceilings and open space

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,932
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
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

Frequently Asked Questions

What type of property is this?
Triplex - Three residential levels include a kitchenette-equipped upper apartment and a spacious basement with high ceilings.
Where is this triplex located?
The property is located at 224 Lawrence St Paterson, NJ.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: First and second floors each have 3 bedrooms and 1 bathroom; Third floor includes 2 rooms, a full bathroom, and a kitchenette; Unfinished basement with high ceilings and open space
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