3-Unit Triplex with
32 Jefferson St, Paterson, NJ 07522
For Sale
$549,999
Each residence includes an eat-in kitchen, living area, and full bathroom.
Property Size2,771 SF
Price / SF$198.48
Days on Market94
Property Features for 32 Jefferson St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Units
Listing Agency:
Exit Solgar Realty
(973) 282-8642
Listed By:
Erick L Gill
(973) 282-1843
Source:
Culturaunitedrealty
Added: Aug 8
Changed: Nov 7
Last Checked: Nov 8 at 2:43PM
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 Exit Solgar Realty
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Investment Insights
Based on property information with market context.
This 2,771-square-foot, three-family property was built in 1970 and includes three apartments. The first and third floors each have three bedrooms; the second-floor unit has two. Each apartment is configured with an eat-in kitchen, living room, and full bath. A private backyard is also part of the property.
The Paterson property is near shopping, schools, restaurants, major highways, and public transportation.
The Paterson property is near shopping, schools, restaurants, major highways, and public transportation.
Key Highlights
- Legal three‑family property with three apartments
- 2,771 square feet; built in 1970
- Bedroom mix: 3 on the first floor, 2 on the second, and 3 on the third
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,376
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,520
$927.5K
Cap Rate 7%
$662,514
$662.5K
Cap Rate 9%
$515,289
$515.3K
Market Conditions
NOI Build-Up for 2,771 SF
Gross rent
$70.8K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.3K $23.91/SF
− OpEx
−$19.9K −$7.17/SF
NOI
$46.4K $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%
$927,520
Cap Rate 7%
$662,514
Cap Rate 9%
$515,289
Alternative Uses
Best Use
Multifamily LT 5
$662.5K
$579.7K – $772.9K
NOI $46,376 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$608.7K
$532.7K – $710.2K
NOI $42,612 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$723.6K
$633.1K – $844.2K
NOI $50,649 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Paterson, NJ
Properties on Market for Triplexes in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes an eat-in kitchen, living area, and full bathroom.
Where is this triplex located?
The property is located at 32 Jefferson St Paterson, NJ.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Legal three‑family property with three apartments; 2,771 square feet; built in 1970; Bedroom mix: 3 on the first floor, 2 on the second, and 3 on the third
