Duplex with Flexible
For Sale
$650,000
Pending
337 E 29Th St, Paterson, NJ 07514
Multi-Family, 2-Two Story, Paterson City, NJ
Property Size2,188 SF
Lot Size0.12 Acres
Days on Market246
Property Features for 337 E 29Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement
Parking
4
Interior features
Wood Floors
Exterior features
Privacy Fence, Sidewalk
Fencing
Privacy
Directions
11th ave to E 29th st
Standard status
Pending
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10791
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALTY ONE GROUP PRODIGY
(973) 661-1719
Listed By:
JUANA BEATRIZ LOPEZ
(973) 277-2575
Added: Dec 20, 2025
Changed: Aug 19
Last Checked: Aug 23 at 9:06PM
MLS# 4002339
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 duplex at 337 E 29th St features an expansive, flexible interior layout with wood floors, offering multiple configuration options for an owner or tenant. The property includes a basement and five bedrooms, along with two bathrooms and a shingle roof.
Set on a deep 5,100 sq ft lot in a walkable residential district, the exterior includes a privacy fence and sidewalk access. Public water and public sewer service are in place.
The home is described as being located in Paterson’s Eastside area and the Riverside neighborhood, with nearby access to schools, transportation, and downtown amenities.
Set on a deep 5,100 sq ft lot in a walkable residential district, the exterior includes a privacy fence and sidewalk access. Public water and public sewer service are in place.
The home is described as being located in Paterson’s Eastside area and the Riverside neighborhood, with nearby access to schools, transportation, and downtown amenities.
Key Highlights
- Approx. 2,188 sq ft interior space on a deep lot
- 5,100 sq ft lot with privacy fencing
- Flexible floorplan capable of multiple configurations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,619
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,380
$732.4K
Cap Rate 7%
$523,129
$523.1K
Cap Rate 9%
$406,878
$406.9K
Market Conditions
NOI Build-Up for 2,188 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.9K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$52.3K $23.91/SF
− OpEx
−$15.7K −$7.17/SF
NOI
$36.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,380
Cap Rate 7%
$523,129
Cap Rate 9%
$406,878
Alternative Uses
Best Use
Multifamily LT 5
$523.1K
$457.7K – $610.3K
NOI $36,619 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$480.7K
$420.6K – $560.8K
NOI $33,647 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$571.3K
$499.9K – $666.6K
NOI $39,993 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 07514, NJ
19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with wood floors and public utilities on a deep lot with a privacy-fenced yard.
Where is this duplex located?
The property is located at 337 E 29Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approx. 2,188 sq ft interior space on a deep lot; 5,100 sq ft lot with privacy fencing; Flexible floorplan capable of multiple configurations
