Duplex with Walk-Up Third
For Sale
$849,900
49 Paulison Ave, Passaic, NJ 07055
Two established apartments are complemented by a full basement and a walk-up upper level.
Property Size4,279 SF
Lot Size0.11 Acres
Price / SF$198.62
Days on Market25
Property Features for 49 Paulison Ave
General Information
Standard status
Active
Size
4,279 SF
Lot size
0.11 Acres
Property subtype
Multi Family Home
Zoning
R-2
Units
Unit Mix
2 x 4BR/1BA
Multifamily Units
2
Building Details
Building Size
4,279 SF
Year Built
1901
Buildings
1
Units
2
Listing Agency:
Daunno Realty Services LLC
(732) 396-3995
Listed By:
William Maier
(732) 255-8989
Source:
Culturaunitedrealty
Added: Sep 30
Changed: Oct 23
Last Checked: Oct 23 at 5:07PM
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 Daunno Realty Services LLC
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Investment Insights
Based on property information with market context.
This 4,279-square-foot duplex contains two legal apartments, each with four bedrooms and one bathroom. A full basement and walk-up third floor are also part of the property. The building dates to 1901 and occupies a 40-by-125-foot lot at 49 Paulison Ave in Passaic City. The property is zoned R-2.
Key Highlights
- Two legal units, each configured with 4 bedrooms and 1 bathroom
- 4,279 square feet in a 1901‑built duplex
- Full basement and walk‑up third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,614
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,280
$1.4M
Cap Rate 7%
$1,023,057
$1.0M
Cap Rate 9%
$795,711
$795.7K
Market Conditions
NOI Build-Up for 4,279 SF
Gross rent
$109.4K $25.56/SF
− Vacancy
−$7.1K −$1.65/SF
EGI
$102.3K $23.91/SF
− OpEx
−$30.7K −$7.17/SF
NOI
$71.6K $16.74/SF
Area
Passaic County, 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%
$1,432,280
Cap Rate 7%
$1,023,057
Cap Rate 9%
$795,711
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$895.2K – $1.19M
NOI $71,614 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$940.0K
$822.5K – $1.10M
NOI $65,802 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.12M
$977.7K – $1.30M
NOI $78,213 @ 7.0% cap · market cap 9.20%
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
2,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two established apartments are complemented by a full basement and a walk-up upper level.
Where is this duplex located?
The property is located at 49 Paulison Ave Passaic, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two legal units, each configured with 4 bedrooms and 1 bathroom; 4,279 square feet in a 1901‑built duplex; Full basement and walk‑up third floor
