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Mixed-Use Building with Five Apartments
New
For Sale
$1,299,000

350 23rd Street, Paterson, NJ 07514

The property combines a storefront with five residential units, each configured with two bedrooms.

Property SizeContact for details
Days on Market5

Property Features for 350 23rd Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 5 x 2BR/1BA (LR/DR/EIK)
Multifamily Units 5

Building Details

Tenancy Multi
Listing Agency: United Real Estate
Listed By: Carlos Tome
Source: Tarvinrealtors
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 5 at 10:53PM

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 United Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property brings together a ground-floor store and five apartments. Each apartment includes a living room, dining room, eat-in kitchen, two bedrooms, and a bathroom. The building dates to 1940 and is located at 350 23rd Street in Paterson, New Jersey.

Key Highlights

  • Five apartments, each with a living room, dining room, eat‑in kitchen, two bedrooms, and a bathroom
  • Storefront space within a mixed‑use building
  • Built in 1940

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Tech Support Center Clothing & Fashion Store Veterinary Clinic Tattoo & Piercing Shop

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

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,421
Businesses Nearby

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
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?
Mixed-use property - The property combines a storefront with five residential units, each configured with two bedrooms.
Where is this mixed-use property located?
The property is located at 350 23rd Street Paterson, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Five apartments, each with a living room, dining room, eat‑in kitchen, two bedrooms, and a bathroom; Storefront space within a mixed‑use building; Built in 1940
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