Two-Unit Duplex with
New
For Sale
$860,000
395 E 23Rd St, Paterson, NJ 07514
Multi-Family, 2-Two Story, Paterson City, NJ
Property Size2,782 SF
Lot Size0.06 Acres
Price / SF$309.13
Days on Market1
Property Features for 395 E 23Rd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bathroom 5, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 5, Basement, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 4
Parking
2
Interior features
Parquet Floors
Directions
8th Ave to E 23rd St
Standard status
Active
Size
2,782 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2667
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
Listed By:
HUGO MEZA
(866) 201-6210
Added: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# 4060348
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.
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Investment Insights
Based on property information with market context.
Constructed in 2019, this duplex contains two residences with matching layouts. Each has a living room, formal dining room, kitchen, three bedrooms, and two full bathrooms; one bedroom includes a private bath. The ground level adds a summer eat-in kitchen, living room, two additional rooms, and a full bathroom. A two-car garage is also part of the property.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Ground level includes a summer eat‑in kitchen, living room, 2 additional rooms, and a full bathroom
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,560
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,200
$931.2K
Cap Rate 7%
$665,143
$665.1K
Cap Rate 9%
$517,333
$517.3K
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$71.1K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.5K $23.91/SF
− OpEx
−$20.0K −$7.17/SF
NOI
$46.6K $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 Rate 5%
$931,200
Cap Rate 7%
$665,143
Cap Rate 9%
$517,333
Alternative Uses
Best Use
Multifamily LT 5
$665.1K
$582.0K – $776.0K
NOI $46,560 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.0K
NOI $42,782 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$726.4K
$635.6K – $847.5K
NOI $50,851 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,543
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each of the two residences has three bedrooms, two full bathrooms, a living room, dining room, and kitchen.
Where is this duplex located?
The property is located at 395 E 23Rd St Paterson, NJ.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Ground level includes a summer eat‑in kitchen, living room, 2 additional rooms, and a full bathroom; Two‑car garage
