Duplex with Finished
413 Hamilton Ave, Paterson, NJ 07514
For Sale
$624,900
Both residences have three bedrooms, eat-in kitchens and access to shared laundry.
Property Size2,250 SF
Price / SF$277.73
Days on Market111
Property Features for 413 Hamilton Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
laundry room
finished basement
finished attic
Building Details
Building Size
Year Built
Units
Listing Agency:
Keller Williams Park Views
Listed By:
Lourdes J. Henry
(201) 939-0050
Source:
Culturaunitedrealty
Added: Jul 22
Changed: Nov 7
Last Checked: Nov 8 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 Park Views
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Investment Insights
Based on property information with market context.
This 2,250-square-foot duplex contains two three-bedroom residences, each with a living room, eat-in kitchen and full bathroom. A shared laundry room serves both units from a common area. The finished basement and walk-up attic each include a full bathroom, adding two finished spaces to the property. The roof is less than one year old.
Key Highlights
- Two residences, each with three bedrooms, a living room, eat‑in kitchen and full bathroom
- Finished basement with a full bathroom
- Finished walk‑up attic with a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,656
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,120
$753.1K
Cap Rate 7%
$537,943
$537.9K
Cap Rate 9%
$418,400
$418.4K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$57.5K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.8K $23.91/SF
− OpEx
−$16.1K −$7.17/SF
NOI
$37.7K $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%
$753,120
Cap Rate 7%
$537,943
Cap Rate 9%
$418,400
Alternative Uses
Best Use
Multifamily LT 5
$537.9K
$470.7K – $627.6K
NOI $37,656 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$494.3K
$432.5K – $576.7K
NOI $34,601 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$587.5K
$514.1K – $685.4K
NOI $41,126 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,208
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, eat-in kitchens and access to shared laundry.
Where is this duplex located?
The property is located at 413 Hamilton Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two residences, each with three bedrooms, a living room, eat‑in kitchen and full bathroom; Finished basement with a full bathroom; Finished walk‑up attic with a full bathroom
