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Two-Unit Residential Income Property
New
For Sale
$680,000

509 E 31St St, Paterson, NJ 07504

Two-family residence with 2-car garage, basement with full bathroom, and multiple bedrooms plus attic rooms.

Days on Market7

Property Features for 509 E 31St St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1965
Tenancy Multi
Listing Agency: UNITED REAL ESTATE
Listed By: JOSE GIGNOUX · License #258898
Source: Elliman
Added: Jul 24 Changed: Jul 25 Last Checked: Jul 29 at 11:00AM

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

Investment Insights

Based on property information with market context.

This two-family residential income property offers two separate living levels with formal living and dining rooms, eat-in kitchens, and full bathrooms. The first floor includes two bedrooms and an additional pantry, while the second floor features multiple rooms including three bedrooms and a full bath. Additional attic space includes three extra rooms and a full bathroom, supported by a basement with a full bathroom. A 2-car garage is also included.

The property is described as being located in a quiet neighborhood with walkScore and transitScore indicating easy daily walkability and good public transit access, along with a bikeScore that suggests it is bikeable.

Key Highlights

  • Two‑family residence built in 1965 in a quiet neighborhood
  • Basement includes a full bathroom
  • 2‑car garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Gym & Fitness Center Catering Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,562
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family residence with 2-car garage, basement with full bathroom, and multiple bedrooms plus attic rooms.
Where is this duplex located?
The property is located at 509 E 31St St Paterson, NJ.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two‑family residence built in 1965 in a quiet neighborhood; Basement includes a full bathroom; 2‑car garage
More about this property
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