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Updated Apartment Building
For Sale
$749,999
Pending

363 Summer St, Paterson, NJ 07501

Eight bedrooms, five updated bathrooms, separate utilities, and a fenced front yard support varied residential configurations.

Property SizeContact for details
Days on Market63

Property Features for 363 Summer St

General Information

Standard status Pending
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $12,494

Building Details

Year Built 2005
Units 3
Listing Agency: Keller Williams Prosperity Realty
Listed By: CLIFFORD PAGE
Source: Elliman
Added: Jul 4 Changed: Aug 31 Last Checked: Sep 1 at 8:21PM

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 Keller Williams Prosperity Realty

Investment Insights

Based on property information with market context.

This apartment building, completed in 2005, offers 8 bedrooms and 5 updated bathrooms across layouts designed for practical residential use. Interior improvements, separate utility service, and a fenced front yard add functional value to the property.

The property is positioned in Paterson’s Eastside Redevelopment District with access to Route 80, Route 20, NJ Transit, shopping corridors, laundromats, and schools. WalkScore is 82, BikeScore is 52, and TransitScore is 61, reflecting access to nearby daily needs and transportation options.

Key Highlights

  • 8‑bedroom apartment building with 5 updated bathrooms
  • Separate utilities support distinct residential operations
  • Updated interiors and functional floor plans

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Catering Service

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,337
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?
Apartment building - Eight bedrooms, five updated bathrooms, separate utilities, and a fenced front yard support varied residential configurations.
Where is this apartment building located?
The property is located at 363 Summer St Paterson, NJ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: 8‑bedroom apartment building with 5 updated bathrooms; Separate utilities support distinct residential operations; Updated interiors and functional floor plans
More about this property
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