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13-Unit Apartment Building
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405-407 10th Avenue, Paterson, NJ 07514

The apartments include one-, two-, and three-bedroom layouts, with the three-bedroom unit on the basement level.

Property SizeContact for details
Days on Market4

Property Features for 405-407 10th Avenue

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 6 x 2BR/1BA, 6 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units 13
Listing Agency: Ripco Real Estate
Listed By: Casey Egan · License #NJ
Source: Crexi
Added: Sep 24 Changed: Sep 27 Last Checked: Sep 27 at 2:00AM

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 Ripco Real Estate

Investment Insights

Based on property information with market context.

The property contains 13 apartments: six two-bedroom, one-bath units, six one-bedroom, one-bath units, and one three-bedroom, one-bath unit at basement level. The owner pays for hot and cold water; residents cover heat, cooking gas, and electricity.

A bus station is 0.2 miles away, and Routes 20 and 80 are a short drive from the property.

Key Highlights

  • 13 apartments: six 2BR/1BA, six 1BR/1BA, and one basement‑level 3BR/1BA unit
  • Residents pay for heat, cooking gas, and electricity; owner covers hot and cold water
  • 0.2 miles to the nearest bus station

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office Law Firm Storage Facility Tech Support Center

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

13
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,669
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

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?
Apartment building - The apartments include one-, two-, and three-bedroom layouts, with the three-bedroom unit on the basement level.
Where is this apartment building located?
The property is located at 405-407 10th Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 13 apartments: six 2BR/1BA, six 1BR/1BA, and one basement‑level 3BR/1BA unit; Residents pay for heat, cooking gas, and electricity; owner covers hot and cold water; 0.2 miles to the nearest bus station
More about this property
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