Two-Family Duplex with Updated
492 E 39Th St, Paterson, NJ 07504
For Sale
$779,000
Multi-Family, 2-Two Story, Paterson City, NJ
Property Size2,128 SF
Lot Size0.11 Acres
Price / SF$366.07
Days on Market8
Property Features for 492 E 39Th St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Exterior features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
gazebo
above-ground swimming pool
laundry room
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
REALTY EMPIRE, LLC
(973) 510-2260
Listed By:
ANGEL ROSADO · License #299611
(201) 702-0223
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 9 at 5:06AM
MLS# 4062461
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.
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Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex contains two apartments with matching layouts: each has three bedrooms, a full bathroom, a living room, and a dining room. The second-floor unit has been renovated with quartz counters and stainless steel appliances. On the ground level, additional living space accompanies a laundry room, full bathroom, and two-car garage; a separate entrance opens toward the backyard.
The 0.11-acre property also includes a gazebo, an above-ground pool, and a driveway with space for two vehicles. Major highways are nearby, and Eastside Park, shopping, places of worship, and everyday services are minutes away.
The 0.11-acre property also includes a gazebo, an above-ground pool, and a driveway with space for two vehicles. Major highways are nearby, and Eastside Park, shopping, places of worship, and everyday services are minutes away.
Key Highlights
- Two apartments, each with three bedrooms, a full bathroom, living room, and dining room
- Renovated second‑floor unit with quartz counters and stainless steel appliances
- Ground level includes additional living space, laundry, a full bathroom, and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,615
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,300
$712.3K
Cap Rate 7%
$508,786
$508.8K
Cap Rate 9%
$395,722
$395.7K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$54.4K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.9K $23.91/SF
− OpEx
−$15.3K −$7.17/SF
NOI
$35.6K $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%
$712,300
Cap Rate 7%
$508,786
Cap Rate 9%
$395,722
Alternative Uses
Best Use
Multifamily LT 5
$508.8K
$445.2K – $593.6K
NOI $35,615 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$467.5K
$409.1K – $545.4K
NOI $32,724 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$555.7K
$486.2K – $648.3K
NOI $38,896 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
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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Market
Properties on Market for Duplexes in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units offer three bedrooms, while the lower level adds garage, laundry, and extra living space.
Where is this duplex located?
The property is located at 492 E 39Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Two apartments, each with three bedrooms, a full bathroom, living room, and dining room; Renovated second‑floor unit with quartz counters and stainless steel appliances; Ground level includes additional living space, laundry, a full bathroom, and a two‑car garage
