Two-Family Duplex with
New
For Sale
$599,000
448 17th Avenue, Paterson, NJ 07504
The upper residence is renovated, while the first-floor unit preserves original architectural details.
Property Size2,586 SF
Price / SF$231.63
Days on Market3
Property Features for 448 17th Avenue
General Information
Standard status
Active
Size
2,586 SF
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
rear yard
laundry
Building Details
Buildings
1
Listing Agency:
Hudson Digs Realty
Listed By:
Daniel Francess
(201) 669-0483
Source:
Drostrealtygroup
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 12:03AM
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 Hudson Digs Realty
Investment Insights
Based on property information with market context.
This two-family property contains 7 bedrooms and 3 full baths across 2,586 SF, with additional finished attic space. The upper duplex has updated flooring, paint, lighting, and a renovated kitchen with stainless gas range and tile backsplash. Its second-floor bedrooms open to a full-width front balcony, and the finished attic includes additional bedrooms and a renovated bath. The first-floor unit features a large living room, built-in bookshelves, and a pressed-tin kitchen ceiling. A full basement with laundry, enclosed front porch, rear yard, 1-car garage, and parking for 6 cars round out the property.
Eastside Park is nearby, with Great Falls, downtown Paterson, and St. Joseph's Medical Center also identified as nearby destinations. Access routes listed include Routes 20, 19, and 80, the Garden State Parkway, NJ Transit rail, and NYC buses.
Eastside Park is nearby, with Great Falls, downtown Paterson, and St. Joseph's Medical Center also identified as nearby destinations. Access routes listed include Routes 20, 19, and 80, the Garden State Parkway, NJ Transit rail, and NYC buses.
Key Highlights
- Two‑family property with 7 bedrooms and 3 full baths
- 2,586 SF plus a finished attic with additional bedrooms and a renovated bath
- Upper duplex features updated flooring, lighting, paint, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,280
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,600
$865.6K
Cap Rate 7%
$618,286
$618.3K
Cap Rate 9%
$480,889
$480.9K
Market Conditions
NOI Build-Up for 2,586 SF
Gross rent
$66.1K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$61.8K $23.91/SF
− OpEx
−$18.5K −$7.17/SF
NOI
$43.3K $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%
$865,600
Cap Rate 7%
$618,286
Cap Rate 9%
$480,889
Alternative Uses
Best Use
Multifamily LT 5
$618.3K
$541.0K – $721.3K
NOI $43,280 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$568.1K
$497.1K – $662.8K
NOI $39,768 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$675.3K
$590.9K – $787.8K
NOI $47,268 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 07504, NJ
13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - The upper residence is renovated, while the first-floor unit preserves original architectural details.
Where is this duplex located?
The property is located at 448 17th Avenue Paterson, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family property with 7 bedrooms and 3 full baths; 2,586 SF plus a finished attic with additional bedrooms and a renovated bath; Upper duplex features updated flooring, lighting, paint, and kitchen
