Duplex with Walk-Up Third
For Sale
$849,900
49 Paulison Ave, Passaic, NJ 07055
Multi-Family, 3-Three Story, Passaic City, NJ
Property Size4,279 SF
Lot Size0.11 Acres
Price / SF$198.62
Days on Market11
Property Features for 49 Paulison Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2, Bedroom 4
Elementary school
M. DRAGO
Middle school
M. DRAGO
High school
PASSAIC
Directions
Rt 21 to Exit 11/Main Ave. Follow Main Ave to Paulison Ave. Turn onto Paulison Ave; #49 on right.
Standard status
Active
Size
4,279 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15958
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1901
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
DAUNNO REALTY SERVICES LLC
Listed By:
WILLIAM MAIER
(732) 396-3995
Added: Sep 27
Changed: Sep 30
Last Checked: Oct 7 at 12:06AM
MLS# 4055367
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.
Investment Insights
Based on property information with market context.
This duplex contains two legal units, each with four bedrooms and one bathroom, within 4,279 square feet. A full basement and walk-up third floor are also part of the property. The building dates to 1901 and has hot-water and baseboard heating, a shingle roof, public water, and public sewer.
The property is zoned R-2. Any changes to occupancy, use, or the building would be subject to applicable municipal approvals and requirements.
The property is zoned R-2. Any changes to occupancy, use, or the building would be subject to applicable municipal approvals and requirements.
Key Highlights
- Two legal units, each with 4 bedrooms and 1 bathroom
- 4,279 square feet of building area
- 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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two legal residences provide eight bedrooms across the existing configuration.
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 with 4 bedrooms and 1 bathroom; 4,279 square feet of building area; Full basement and walk‑up third floor
