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Two-Unit Duplex with Finished Basement
For Sale
$649,999

433 Preakness Avenue, Paterson, NJ 07502

Two residential units offer separate kitchens, living areas, dining rooms, and upper-level bedrooms with full bathrooms.

Property SizeContact for details
Days on Market129

Property Features for 433 Preakness Avenue

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi Family / Duplex-Side by Side
Net Operating Income $10,220

Units

Unit Mix 2 x 2BR/1.5BA
Multifamily Units 2

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $13,780

Amenities

deck
laundry room
Yes
No
Asphalt Shingle
Finished
See Remarks
Aluminum Siding, Brick/Block

Building Details

Year Built 1960
Buildings 1
Listing Agency: WEICHERT REALTORS
Listed By: SABOOR KELLEY · License #291699
Source: Compass
Added: Apr 26 Changed: Aug 31 Last Checked: Aug 31 at 9:42PM

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 WEICHERT REALTORS

Investment Insights

Based on property information with market context.

This 1960-built duplex contains two residential apartments. Each unit has two bedrooms and a full bathroom on the second floor, with a kitchen, half bathroom, dining room, and living room arranged on the first floor. The first apartment also includes a finished basement with laundry facilities and opens from the living room to a deck. Stainless steel appliances are provided in the first-unit kitchen.

Heating is supplied by hot forced air, while cooling is handled by wall units or window AC. The driveway accommodates four cars. The property is positioned near shopping, schools, places of worship, and restaurants, with highway access described as minutes away.

Key Highlights

  • Two‑unit duplex at 433 Preakness Avenue, Paterson, NJ 07502
  • Each apartment includes 2 bedrooms and 1 full bathroom
  • First apartment has a finished basement with laundry room and deck access

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

619
Businesses Nearby

Demographics for 07502, NJ

16,592
Population
4,861
Households
3.4
Avg Household Size
35
Median Age
17%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
18,436
Density / Sq Mi
$68,649
Median Household Income
$32,407
Median Earnings
$1,492
Median Rent
$347,200
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?
Duplex - Two residential units offer separate kitchens, living areas, dining rooms, and upper-level bedrooms with full bathrooms.
Where is this duplex located?
The property is located at 433 Preakness Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Two‑unit duplex at 433 Preakness Avenue, Paterson, NJ 07502; Each apartment includes 2 bedrooms and 1 full bathroom; First apartment has a finished basement with laundry room and deck access
More about this property
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