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Two-Family Duplex
For Sale
$389,999

31 May Street, Paterson, NJ 07524

2-4 Family, Paterson, NJ

Property SizeContact for details
Days on Market53

Property Features for 31 May Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 3
Subdivision Paterson
Standard status Active
Listing Agency: Coldwell Banker, Fort Lee · Coldwell Banker Real Estate
Listed By: Anthony Nelson
Added: Sep 1 Changed: Oct 21 Last Checked: Oct 23 at 10:06PM
MLS# 26033020

Copyright © 2026 New Jersey MLS Inc. 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 two-family duplex in Paterson includes separate residential units with distinct layouts. The first floor contains 1 bedroom and 1 bathroom, while the second floor provides 2 bedrooms and 1 bathroom. The property is offered in as-is condition, and the buyer will be responsible for obtaining the certificate of occupancy.

Located near shopping, schools, major roadways, and public transportation, the property is at 31 May Street in Paterson, New Jersey. Showings require 24-hour notice.

Key Highlights

  • Two‑family duplex at 31 May Street, Paterson, NJ 07524
  • First‑floor unit includes 1 bedroom and 1 bathroom
  • Second‑floor unit includes 2 bedrooms and 1 bathroom

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,628
Businesses Nearby

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
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

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer distinct bedroom and bathroom layouts within an as-is property near shopping, schools, roadways, and transit.
Where is this duplex located?
The property is located at 31 May Street Paterson, NJ.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: Two‑family duplex at 31 May Street, Paterson, NJ 07524; First‑floor unit includes 1 bedroom and 1 bathroom; Second‑floor unit includes 2 bedrooms and 1 bathroom
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