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Duplex with Bonus Third-Floor Apartment
For Sale
$569,000
Pending

224 Lawrence St, Paterson, NJ 07501

Multi-Family, 2-Two Story, Paterson City, NJ

Property SizeContact for details
Lot Size0.08 Acres
Days on Market49

Property Features for 224 Lawrence St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Interior features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Directions Lawrence St
Standard status Pending
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10445

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Steam, Other (Heating)
Water source Public

Building Details

Year built 1950
Floors in Building 2
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
Listed By: CHRISTOPHER A. JAMES
Added: Aug 10 Changed: Sep 12 Last Checked: Sep 27 at 6:06PM
MLS# 4045927

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1950 duplex includes a three-bedroom, one-bath residence on both the first and second floors. The third floor adds a two-room apartment with a full bathroom and kitchenette. An unfinished basement provides high ceilings and open space for storage or future planning, subject to applicable requirements.

The property occupies 0.08 acres at 224 Lawrence St in Paterson City, NJ. It sits at the end of a dead-end street and offers access to public transportation into NYC, major highways, shopping, restaurants, schools, and parks. Public water and public sewer serve the property, with steam and hot-water heating systems and a shingle roof.

Key Highlights

  • Two‑family duplex with 3 bedrooms and 1 bathroom on both the first and second floors
  • Third‑floor apartment includes 2 rooms, a full bathroom, and a kitchenette
  • Unfinished basement features high ceilings and open space

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Nursing Home Restaurant Tanning Salon Tattoo & Piercing Shop

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
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
View Realmo Analytics

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 - Two primary residences feature three bedrooms each, with added rooms and an unfinished basement for additional space.
Where is this duplex 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: Two‑family duplex with 3 bedrooms and 1 bathroom on both the first and second floors; Third‑floor apartment includes 2 rooms, a full bathroom, and a kitchenette; Unfinished basement features high ceilings and open space
More about this property
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