Duplex with Attached
235 Keen St, Paterson, NJ 07524
For Sale
$725,000
Pending
Two three-bedroom residences offer separate living areas, central air, and laundry hookups.
Property Size2,580 SF
Days on Market102
Property Features for 235 Keen St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air
forced hot-air heating
laundry hook-ups
Central Air
Natural Gas
Attached
Duplex-Side by Side
Building Details
Year Built
Year Renovated
Listing Agency:
Coldwell Banker, Alpine/Closter
Listed By:
JACKLYN AYAZ
(201) 916-7841
Source:
Evrealestate
Added: Aug 5
Changed: Nov 12
Last Checked: Oct 9 at 7:25PM
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 Coldwell Banker, Alpine/Closter
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom residences, each with its own living space. The home was built in 2003 and renovated in 2026. Central air, forced hot-air heating, laundry hookups, and an attached garage are among its features. One residence has 2.5 baths; the other has 1.5 baths and includes a first-floor bedroom and family room.
The property is in Paterson, near major highways, shopping, schools, and public transportation. Side driveways provide additional parking, complementing the attached two-car garage.
The property is in Paterson, near major highways, shopping, schools, and public transportation. Side driveways provide additional parking, complementing the attached two-car garage.
Key Highlights
- Two residences, each with 3 bedrooms
- Built in 2003 and renovated in 2026
- Bathroom counts are 2.5 in one unit and 1.5 in the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,179
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,580
$863.6K
Cap Rate 7%
$616,843
$616.8K
Cap Rate 9%
$479,767
$479.8K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$65.9K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$61.7K $23.91/SF
− OpEx
−$18.5K −$7.17/SF
NOI
$43.2K $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%
$863,580
Cap Rate 7%
$616,843
Cap Rate 9%
$479,767
Alternative Uses
Best Use
Multifamily LT 5
$616.8K
$539.7K – $719.7K
NOI $43,179 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$566.8K
$495.9K – $661.3K
NOI $39,675 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,158 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 07524, NJ
14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value
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Market
Properties on Market for Duplexes in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate living areas, central air, and laundry hookups.
Where is this duplex located?
The property is located at 235 Keen St Paterson, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms; Built in 2003 and renovated in 2026; Bathroom counts are 2.5 in one unit and 1.5 in the other
