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Updated Multifamily Property
New
For Sale
$730,000

363 Summer St, Paterson, NJ 07501

Eight-bedroom layout with five updated bathrooms, separate utilities, and a fenced front yard.

Property SizeContact for details
Days on Market3

Property Features for 363 Summer St

General Information

Standard status Active
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: Sep 18 Changed: Sep 20 Last Checked: Sep 20 at 10:12AM

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.

Built in 2005, this multifamily property at 363 Summer St in Paterson offers 8 bedrooms and 5 updated bathrooms. The interior includes refreshed finishes and functional layouts, while separate utilities support distinct household or occupancy arrangements. A fenced front yard adds an additional exterior feature.

The property is positioned in Paterson’s Eastside Redevelopment District with access to Route 80, Route 20, NJ Transit, shopping corridors, laundromats, schools, and other daily conveniences. WalkScore is 85, BikeScore is 50, and TransitScore is 52, reflecting access to nearby services and transportation options.

Key Highlights

  • 8‑bedroom multifamily property with 5 updated bathrooms
  • Built in 2005
  • Separate utilities for the property

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Eight-bedroom layout with five updated bathrooms, separate utilities, and a fenced front yard.
Where is this multifamily property located?
The property is located at 363 Summer St Paterson, NJ.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 8‑bedroom multifamily property with 5 updated bathrooms; Built in 2005; Separate utilities for the property
More about this property
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