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Fully Rented Triplex
For Sale
$975,000

32 Elm St, Paterson, NJ 07501

Three-family property with a walk-out basement and backyard in Paterson.

Property SizeContact for details
Days on Market115

Property Features for 32 Elm St

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Units

Unit Mix 3 x 4BR/2BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,193

Amenities

walk-out basement
backyard

Building Details

Year Built 1910
Units 3
Listing Agency: RE/MAX TRUST PROPERTIES
Listed By: SALIH OKDEMIR
Source: Elliman
Added: May 9 Changed: Aug 29 Last Checked: Aug 30 at 7:20PM

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 RE/MAX TRUST PROPERTIES

Investment Insights

Based on property information with market context.

Built in 1910, this three-unit residential property offers a consistent layout across the building, with each apartment containing 4 bedrooms and 2 full baths. All three units are currently rented. Additional features include a walk-out basement and a backyard, providing useful supplementary space for residents.

The property is located at 32 Elm St in Paterson, NJ, near schools, shopping, and parks. WalkScore is 84, indicating a very walkable setting, while BikeScore is 50 and TransitScore is 44. The combination of established neighborhood amenities and existing occupancy supports the property's multifamily format.

Key Highlights

  • Three‑unit multifamily property built in 1910
  • Each unit includes 4 bedrooms and 2 full baths
  • All units are fully rented

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Catering Service Nursing Home Pet Grooming Service Veterinary Clinic Tanning Salon

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,195
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-family property with a walk-out basement and backyard in Paterson.
Where is this triplex located?
The property is located at 32 Elm St Paterson, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1910; Each unit includes 4 bedrooms and 2 full baths; All units are fully rented
More about this property
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