451 E 31St St, Paterson, NJ 07504
2-Two Story, 3-Three Story, Multi-Family - Paterson City, NJ
- Added:
- Apr 14, 2026
- Days on Market:
- 63
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 451 E 31St St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room
- Parking
- 1
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
- Exterior features
- Sidewalk, Storm Door(s)
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Pending
- Size
- 2,800 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12153
Utilities
- Heating system
- Baseboard, Hot Water (Heating)
Building Details
- Year built
- 1700
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent YESENIA ALCIVAR (973) 921-1111
Listing office SERHANT NEW JERSEY LLC 830 MORRIS TURNPIKE, Short Hills, NJ (973) 315-5959
Listing date Apr 14, 2026
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.
HighLights
- Multifamily property with 4 units offering income potential or multi‑generational living
- Located in Paterson's desirable Eastside section
- Approximately 2,800+ sq ft of living space
- Finished basement and attic with full bathrooms
- Private yard space with an above ground pool
- Conveniently situated near major highways, public transportation, schools, shopping, and local amenities
Overview
Located in Paterson’s Eastside section, the property sits on an approximately 3,000 square foot lot and is described as offering approximately 2,800+ square feet of living space. The listing notes convenience to major highways and public transportation, as well as access to schools, shopping, and local amenities.
The overall layout can fit buyers looking for more than a simple two-unit setup, since the finished basement and attic add flexibility for extended living, multi-generational arrangements, or other customizable uses. A private yard with an above-ground pool provides an outdoor area for daily enjoyment, while the combination of multiple bedroom configurations supports a range of household needs.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.6k | $25.56 |
| − Vacancy | −$4.6k | −$1.65 |
| EGI | $66.9k | $23.91 |
| − OpEx | −$20.1k | −$7.17 |
| NOI | $46.9k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1454
- Latitude
- 40.91034
