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Two-Unit Multifamily Property
For Sale
$649,000

495 Totowa Ave, Paterson, NJ 07522

Both apartments are scheduled to be delivered vacant, allowing the next owner to determine occupancy.

Property SizeContact for details
Days on Market103

Property Features for 495 Totowa Ave

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi Family Home

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units 2

Amenities

Carbon Monoxide Detector
Fire Extinguisher
See Remarks
Smoke Detector
Sidewalk

Building Details

Year Built 1940
Units 2
Listing Agency: United Real Estate
Listed By: Sami Nazir Wazzour
Source: Culturaunitedrealty
Added: Jul 17 Changed: Oct 25 Last Checked: Oct 26 at 3:42AM

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 United Real Estate

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Investment Insights

Based on property information with market context.

Built in 1940, this two-unit multifamily property includes a 2-bedroom, 1-bath apartment and a 4-bedroom, 2-bath apartment. Both units are slated for vacant delivery. Additional building features include a finished basement, an attic, and a detached garage.

Shopping, schools, parks, places of worship, major highways, and public transportation are nearby.

Key Highlights

  • Two apartments: one with 2 bedrooms and 1 bath; the other with 4 bedrooms and 2 baths
  • Both apartments will be delivered vacant
  • Built in 1940

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,810
Businesses Nearby

Demographics for 07522, NJ

23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Both apartments are scheduled to be delivered vacant, allowing the next owner to determine occupancy.
Where is this multifamily property located?
The property is located at 495 Totowa Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1 bath; the other with 4 bedrooms and 2 baths; Both apartments will be delivered vacant; Built in 1940
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