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Three-Unit Residential Triplex
New
For Sale
$849,900

309 Sussex Street, Paterson, NJ 07503

Each residence has two bedrooms, one full bath, and separate front and rear access.

Property SizeContact for details
Days on Market7

Property Features for 309 Sussex Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype MULTI_FAMILY

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,934
Listing Agency: Weichert Realtors, Clifton
Listed By: Federico Sanchez
Source: Tarvinrealtors
Added: Oct 4 Changed: Oct 8 Last Checked: Oct 9 at 11:47PM

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 Weichert Realtors, Clifton

Investment Insights

Based on property information with market context.

This three-family residential property contains three apartments, each arranged with a living room, kitchen, two bedrooms, and one full bathroom. Front and rear access serves each apartment, and the property includes a three-car driveway for on-site parking.

The building is located on Sussex Street in Paterson, New Jersey.

Key Highlights

  • Three apartments, each with a living room, kitchen, two bedrooms, and one full bath
  • Front and rear access for each apartment
  • Three‑car driveway

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Acupuncture Skin Care Clinic Florist (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

2,149
Businesses Nearby

Demographics for 07503, NJ

19,893
Population
6,560
Households
3
Avg Household Size
35
Median Age
15%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
13,262
Density / Sq Mi
$60,295
Median Household Income
$35,611
Median Earnings
$1,605
Median Rent
$314,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Each residence has two bedrooms, one full bath, and separate front and rear access.
Where is this triplex located?
The property is located at 309 Sussex Street Paterson, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Three apartments, each with a living room, kitchen, two bedrooms, and one full bath; Front and rear access for each apartment; Three‑car driveway
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