Two-Family Residential
233 Straight St Paterson, NJ 07501
233 Straight St, Paterson, NJ, 07501
$598,000
For Sale
$598,000
MULTI_FAMILY - Paterson City, NJ
Property Size1,804 SF
Lot Size0.07 Acres
Price / SF$331.49
Days on Market101
Property Features for 233 Straight St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Two Family
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 3, Bathroom 1
- Parking
- 2
- Interior features
- Fire Extinguisher, Smoke Detector, Wood Floors
- Standard status
- Active
- Size
- 1,804 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9128
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
REALTY ONE GROUP LIVING
(201) 636-2280
Listed by
JAMES R. ROJAS
(973) 943-0956
Added: Apr 13 Updated: Jul 13 at 8:36AM Checked: Jul 22 at 12:06AM
MLS# 4020363
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 two-family duplex is listed as a residential income property under Two Family zoning. The offering includes approximately 1,804 square feet of building area and sits on a lot measuring about 0.07 acres, giving an owner a compact, manageable footprint for a two-unit setup.
The property is located at 233 Straight St in Paterson City, within Passaic County, New Jersey (07501-1903). Its placement in a Two Family zoning district is a useful baseline for buyers looking for a structured two-unit configuration aligned with the local zoning designation.
For investors, this asset may fit a strategy focused on owning a two-family property rather than a larger multifamily building. For owner-occupants, a duplex format can also support living in one unit while renting the other, provided the buyer confirms the current unit configuration and condition at due diligence. As always, prospective buyers should verify details such as layout, operating condition, and any tenant or lease terms, since those specifics are not provided in the listing information.
The property is located at 233 Straight St in Paterson City, within Passaic County, New Jersey (07501-1903). Its placement in a Two Family zoning district is a useful baseline for buyers looking for a structured two-unit configuration aligned with the local zoning designation.
For investors, this asset may fit a strategy focused on owning a two-family property rather than a larger multifamily building. For owner-occupants, a duplex format can also support living in one unit while renting the other, provided the buyer confirms the current unit configuration and condition at due diligence. As always, prospective buyers should verify details such as layout, operating condition, and any tenant or lease terms, since those specifics are not provided in the listing information.
Key Highlights
- Year built: 1970
- Wood floors throughout
- Public water with public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $25.56 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.1k | $23.91 |
| − OpEx | −$12.9k | −$7.17 |
| NOI | $30.2k | $16.74 |
1,804 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.3K
$377.4K – $503.2K
NOI $30,192 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$396.3K
$346.8K – $462.4K
NOI $27,742 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$471.1K
$412.2K – $549.6K
NOI $32,974 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residential income property offered under Two Family zoning in Paterson, NJ.
Where is this duplex located?
The property is located at 233 Straight St Paterson, NJ.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Year built: 1970; Wood floors throughout; Public water with public sewer
