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5-Unit Apartment Building
For Sale
$750,000

282 Ellison St, Paterson, NJ 07501

Multi-Family, 3-Three Story, Paterson City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market49

Property Features for 282 Ellison St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 5, Bedroom 1, Bathroom 3, Basement, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Directions From Straight St. right to Ellison St.
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12809

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Water source Public

Building Details

Floors in Building 3
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS MID-TOWN DIRECT · Keller Williams Realty
Listed By: MENACHEM SILBERMAN · License #409133
Added: Jul 27 Changed: Sep 12 Last Checked: Sep 13 at 5:06AM
MLS# 4043225

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 apartment property contains 5 residential units, each arranged with 1 bedroom and 1 bathroom. The building includes a basement, with hot water and baseboard heating systems serving the property. A shingle roof is also reported.

Located at 282 Ellison St in Paterson City, New Jersey, the property occupies a 0.06-acre lot. Public water and public sewer serve the site. The unit configuration provides a consistent layout across the building, while the documented utility and heating systems offer clear baseline information for evaluating the asset.

Key Highlights

  • 5 residential units, each with 1 bedroom and 1 bathroom
  • 0.06‑acre lot in Paterson City, NJ
  • Public water and public sewer service

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

3,560
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?
Apartment building - Five residential units feature consistent one-bedroom, one-bath layouts within an apartment property.
Where is this apartment building located?
The property is located at 282 Ellison St Paterson, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5 residential units, each with 1 bedroom and 1 bathroom; 0.06‑acre lot in Paterson City, NJ; Public water and public sewer service
More about this property
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