Two-Story
For Sale
$598,000
233 Straight St, Paterson, NJ 07501
Multi-Family, 2-Two Story, Paterson City, NJ
Property Size1,804 SF
Lot Size0.07 Acres
Price / SF$331.49
Days on Market194
Property Features for 233 Straight St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Two Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 4
Parking
2
Interior features
Fire Extinguisher, Smoke Detector, Wood Floors
Elementary school
D. AVENUE
High school
N.S. WEIR
Directions
Market St. to Straight St.
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
Hot Water(Heating), Baseboard
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
Changed: Oct 22
Last Checked: Oct 23 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,804-square-foot duplex at 233 Straight St includes six bedrooms, two bathrooms, and a basement. The 1970-built property features wood floors, shingle roofing, baseboard and hot water heating, smoke detectors, and a fire extinguisher. The lot measures 0.07 acres.
Public water and public sewer serve the property. Its Two Family zoning designation aligns with the duplex use, while the two-story configuration provides the primary residential layout.
Public water and public sewer serve the property. Its Two Family zoning designation aligns with the duplex use, while the two-story configuration provides the primary residential layout.
Key Highlights
- 1,804 square feet on a 0.07‑acre lot
- Six bedrooms, two bathrooms, and a basement
- Two Family zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,192
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,840
$603.8K
Cap Rate 7%
$431,314
$431.3K
Cap Rate 9%
$335,467
$335.5K
Market Conditions
NOI Build-Up for 1,804 SF
Gross rent
$46.1K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.1K $23.91/SF
− OpEx
−$12.9K −$7.17/SF
NOI
$30.2K $16.74/SF
Area
Paterson, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,840
Cap Rate 7%
$431,314
Cap Rate 9%
$335,467
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 authorities.
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Location Intelligence
Trade Area within ½ mile
3,560
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family zoning supports the duplex configuration, with public water and sewer service.
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: 1,804 square feet on a 0.07‑acre lot; Six bedrooms, two bathrooms, and a basement; Two Family zoning designation
